Surprise jump in US unemployment; UK economy hit pre-pandemic levels in 2021, new data shows – as it happened

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UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

July is traditionally busy month for home buying but surge in interest rates has begun to ‘take its toll’

Interest rate rises on mortgages are weakening demand, property website says

Subsidence claims rise as climate crisis causes heatwaves, storms and flooding

I have recently inherited money and would like to pay off my share on the flat I own with a friend to avoid soaring interest rates

Affordability problems for first-time buyers mean parents, grandparents and siblings are stepping in to help

Some landlords could be breaching consumer protection rules, while CMA is also investigating land held by largest housebuilders

Halifax measures price to income ratio to reveal most and least affordable areas to purchase property

Crest Nicholson forecasts lower profits after number of first-time buyers plunges

Big lenders become latest to reduce borrowing costs, joining four other UK home loan providers this week

Report says wealth gap would be wider if not for over-priced or ineffective services such as healthcare in US

Prospect of higher mortgage rates and end of help to buy scheme leads housebuilder to shut two divisions

Insolvencies rocket as army of small firms – seen as backbone of the sector – struggle with falling demand, rising interest rates and higher costs

Decline in July is fourth monthly fall in a row with prices dropping by 2.4% on an annual basis, says lender