April Affordability
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Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too
Higher interest rates do more than just deter potential homebuyers — they may also block consumers from qualifying for a mortgage, according to new research. The rate of denials in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside a surge in mortgage rates from below 3.5% to more than 6.5%, researchers at the Federal Reserve Bank of St. Louis said in a new blog post. At the same time, however, fewer consumers were applying for mortgages as rates...
'We go on dates abroad and leave kids at home - it's cheaper than dinner out'
'We go on dates abroad and leave kids at home - it's cheaper than dinner out' Oliviyah Stevens, 36, felt 'quite depressed' as her maternity leave ended and needed her own time away - so she discovered cheap extreme day trips abroad A mother of five is leaving her children behind to embark on extreme adventures with her partner for a "date day", saying the trips have helped her "discover" herself once more. Oliviyah Stevens, 36, found herself feeling "quite depressed" when her maternity leave...
Reformer or ringleader: A decade on, What is Infantino's legacy as FIFA president?
GIANNI INFANTINO CELEBRATED HIS ELECTION as FIFA president in February 2016 by buying beers for journalists in the bar of a hotel in Cardiff, Wales. After the previous regime of Sepp Blatter had been brought down by bribery and corruption, Infantino was soccer's new man of the people: approachable, engaging and ready to restore the game's reputation. Ten years on, the Swiss-Italian lawyer is the most powerful man in the game.
Damning report questions what counts as a home in Tasmania's 10,000-home target
New report into failed Homes Tasmania finds 'significant financial vulnerabilities', reliance on spreadsheets Wed 3 Jun 2026 at 9:34am In short: A review has found Homes Tasmania relies too heavily on spreadsheets and faces significant financial risks due to rising debt. The report also criticised how the government defines and counts a home as part of its 10,000-homes target. Homes Tasmania will be wound up, with housing policy and delivery shifting to a new Building Tasmania department,...
Maine Senate hopeful’s wife breaks silence on ‘Sexting’ claims as campaign rocked by fresh scandal
Maine Senate hopeful’s wife breaks silence on ‘Sexting’ claims as campaign rocked by fresh scandal This marks the latest controversy to embroil the Maine Democrat’s high-stakes Senate campaign - Bookmark - CommentsGo to comments Graham Platner’s wife, Amy Gertner, publicly denounced media reports alleging her husband had previously exchanged sexually explicit text messages with multiple women, labeling the coverage "shameful" over the weekend. This marks the latest controversy to embroil the...
Paramount accuses Netflix of ‘scorched-earth’ campaign against Warner Bros. deal
Paramount Skydance has accused Netflix of spearheading a “scorched-earth campaign to try and poison regulators and other stakeholders” against its $110 billion purchase of rival Hollywood studio Warner Bros. Discovery. In a fiery letter to the Justice Department obtained by NBC News, Paramount Skydance chief legal officer Makan Delrahim excoriated Netflix for what he called a “panic-level response” to the merger that illustrates “just how seriously Netflix takes Paramount as a scaled...
UK house prices fall for third successive month amid Iran war uncertainty
Unexpected monthly drop of 0.1% in May leaves price of typical home at £298,806, says lender HalifaxBusiness live – latest updatesUK house prices fell unexpectedly in May as rising mortgage rates fuelled by the war in Iran affected affordability and homebuyer demand. The average price of a typical UK home fell by 0.1% in May to £298,806 compared with April, the third consecutive monthly drop recorded by the lender Halifax. Analysts had been expecting a return to growth, with a consensus of a...
UK house prices fall for third successive month amid Iran war uncertainty
Unexpected monthly drop of 0.1% in May leaves price of typical home at £298,806, says lender HalifaxBusiness live – latest updatesUK house prices fell unexpectedly in May as rising mortgage rates fuelled by the war in Iran affected affordability and homebuyer demand. The average price of a typical UK home fell by 0.1% in May to £298,806 compared with April, the third consecutive monthly drop recorded by the lender Halifax. Analysts had been expecting a return to growth, with a consensus of a...
Trump admin’s cancellation of wind energy projects causes business turmoil
Trump admin’s cancellation of wind energy projects causes business turmoil Seven northeastern states have sued US gov’t for paying TotalEnergies to withdraw from offshore wind projects. French energy giant TotalEnergies is embroiled in a lawsuit between seven US states and the federal government as the administration of President Donald Trump upends domestic energy policy, shutting down some wind energy projects while pushing fossil fuels. It has also raised questions about the...
Overtourism: Which European countries are becoming the most hostile to travellers?
As tourism surges across Europe, tensions with local communities are mounting over access to housing and rising costs. Which countries are seeing the biggest backlash? Tourism is a major source of income for many EU countries, but it is also increasingly a source of grievance for local communities as residents complain of housing shortages and rising costs.