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	<title>housing affordability &#8211; The Milli Chronicle</title>
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	<title>housing affordability &#8211; The Milli Chronicle</title>
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		<title>World Cup Countdown Spurs Los Angeles Homelessness Push, but Housing Shortfall Clouds Lasting Gains</title>
		<link>https://millichronicle.com/2026/06/68445.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sun, 07 Jun 2026 14:21:38 +0000</pubDate>
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					<description><![CDATA[Los Angeles-Los Angeles has expanded temporary housing programs and reduced visible street homelessness ahead of major international sporting events, but]]></description>
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<p><strong>Los Angeles</strong>-Los Angeles has expanded temporary housing programs and reduced visible street homelessness ahead of major international sporting events, but persistent shortages of affordable housing and shelter capacity continue to challenge efforts to address one of the United States&#8217; largest unhoused populations.</p>



<p>The city, which will host eight matches during the 2026 FIFA World Cup and the Olympic Games in 2028, has made homelessness a central policy priority under Mayor Karen Bass, directing hundreds of millions of dollars toward temporary accommodation initiatives, including hotel placements and prefabricated &#8220;tiny home&#8221; communities.</p>



<p>The strategy has produced measurable results. According to the latest homeless census released last year, the number of people living on Los Angeles streets fell 17.5% over a two-year period, marking the most sustained decline since local authorities began systematically tracking homelessness roughly two decades ago.</p>



<p>Residents who have moved into the city&#8217;s tiny-home program say the units provide a significant improvement over living on the streets or in vehicles, despite their limited size and shared occupancy arrangements. Michael Gilpin, 44, who previously slept in his car, said the accommodation offered greater safety and stability than street living.</p>



<p>Even with those gains, Los Angeles County continues to face a substantial homelessness burden. Official figures show approximately 72,000 unhoused people across the county, including about 47,000 sleeping outdoors.</p>



<p>Service providers say available shelter capacity remains far below demand. Armando Covarrubias, an outreach worker with Hope The Mission in the San Fernando Valley, said the number of homeless individuals in his area exceeds available beds by several multiples. Following the clearance of an encampment near a railway corridor last month, he said housing could not be secured for all displaced residents, and new encampments quickly reappeared.</p>



<p>Many homeless residents continue to face lengthy waits for assistance. Maggie, a woman in her 40s who has lived on the streets for a decade and declined to provide her full name, said she had been waiting three months for housing support while remaining on a placement list.</p>



<p>Questions have also emerged regarding the long-term effectiveness of temporary housing initiatives. Data from the mayor&#8217;s flagship shelter program showed that by the end of 2025 approximately 5,800 people had been placed into some form of accommodation, but about 40% later returned to homelessness.</p>



<p>Housing experts and advocates point to California&#8217;s broader affordability crisis as a key driver of homelessness. Limited construction of affordable housing and constrained overall housing supply have contributed to elevated property prices and rents, increasing financial pressures on lower-income households.</p>



<p>Michael Reyes, a 59-year-old maintenance worker, said a workplace injury reduced his income to a level that could no longer cover living costs in Los Angeles, where a studio apartment averages about $1,800 per month. After spending a year living in his vehicle, Reyes moved into a tiny-home community but expressed skepticism that current efforts would continue at the same pace once international sporting events conclude.</p>



<p>The homelessness challenge remains one of the most visible social and economic issues facing Los Angeles as city officials seek to balance preparations for global events with demands for durable housing solutions.</p>
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		<title>Pauline Hanson’s Resurgence Reshapes Australian Politics as Major Parties Shift Right</title>
		<link>https://millichronicle.com/2026/05/67214.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sun, 17 May 2026 02:07:35 +0000</pubDate>
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		<guid isPermaLink="false">https://millichronicle.com/?p=67214</guid>

					<description><![CDATA[“There is a frustration that so many people have that we have no vision and they are going to hand]]></description>
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<p><em>“There is a frustration that so many people have that we have no vision and they are going to hand to their children a lesser nation than their parents handed to them.”</em></p>



<p>Pauline Hanson is emerging as a central force in Australian politics nearly three decades after entering federal parliament, as growing economic anxiety, concerns over immigration and dissatisfaction with mainstream parties fuel renewed support for rightwing populism.</p>



<p>The resurgence of Hanson’s One Nation has intensified pressure on both the governing Labor Party and the opposition Liberal-National Coalition, with both major political blocs adjusting policy positions in response to shifting voter sentiment.</p>



<p>This month, One Nation secured its first federal lower house seat after defeating conservative candidates in the rural electorate of Farrer, a district long considered a stronghold of the Coalition. The result followed gains in South Australia’s state election earlier this year and marked a significant breakthrough for a party that for years struggled to convert national attention into sustained parliamentary representation.</p>



<p>Angus Taylor described the Farrer byelection outcome as an “existential moment” for the Coalition, which has faced internal instability and declining support since its defeat in the 2025 federal election.The rise of One Nation mirrors broader international trends in rightwing populism associated with figures such as Donald Trump in the United States and Nigel Farage in Britain.</p>



<p> Hanson’s messaging has focused heavily on immigration, opposition to climate policies and criticism of political institutions, themes that analysts say resonate with economically insecure and politically disillusioned voters.</p>



<p>Former deputy prime minister Barnaby Joyce, who defected from the National Party of Australia to One Nation last year, said voter frustration was being driven by fears of economic decline and a perceived lack of long-term national direction.</p>



<p>“There is a frustration, there is a malaise,” Joyce said. “People feel they are going to hand to their children a lesser nation than their parents handed to them.”Hanson first entered national politics in 1996 after being disendorsed as a candidate for the Liberal Party of Australia over controversial remarks about Indigenous Australians. </p>



<p>Running as an independent, she won the Queensland seat of Oxley and used her maiden parliamentary speech to attack multiculturalism and warn that Australia risked being “swamped by Asians.”Her rhetoric made her one of the country’s most polarizing political figures. In 1997, she co-founded One Nation, which rapidly gained traction, particularly in Queensland.</p>



<p> The party secured 11 seats at the 1998 Queensland state election, though Hanson herself later lost federal representation despite receiving the highest primary vote in her electorate under Australia’s preferential voting system.Hanson spent nearly two decades largely outside federal politics, a period that included failed campaigns, internal party disputes and a prison sentence for electoral fraud convictions that were later overturned on appeal. </p>



<p>She returned to the Senate in 2016 and remained a prominent figure through a series of controversial campaigns focused on immigration, Islam and national identity.Among the most widely criticized incidents was her appearance in the Senate chamber wearing a burqa in support of proposals to ban the garment, an act she repeated in 2025 and which resulted in a parliamentary suspension.</p>



<p>Despite persistent controversy, One Nation’s electoral support continued to grow. The party secured 6.4% of the national vote at the 2025 election, roughly doubling its previous result.Its momentum accelerated after a mass shooting at a Hanukkah gathering in Sydney’s Bondi area in December that killed 15 people. Authorities described the attack as allegedly inspired by the militant group Islamic State. </p>



<p>Hanson and Joyce attended memorial events for victims while simultaneously linking the incident to broader immigration and security debates.Polling conducted after the attack showed One Nation overtaking the Coalition in some voter surveys, particularly in working-class outer suburban areas where dissatisfaction with housing affordability and cost-of-living pressures has intensified.</p>



<p>The Coalition’s response has included a more aggressive stance on immigration and border policy following the appointment of new leadership after its 2025 defeat. Political observers say the party is increasingly attempting to reclaim conservative voters shifting toward Hanson.</p>



<p>At the same time, Prime Minister Anthony Albanese and the governing Australian Labor Party have also adjusted policy positions amid concerns that economic insecurity is driving support for populist movements.</p>



<p>Labor this week abandoned an earlier election commitment not to alter tax concessions benefiting property investors, part of a broader housing affordability package intended to address rising public concern over home ownership access among younger Australians.</p>



<p>Treasurer Jim Chalmers framed the policy shift as a response to broader political and economic pressures reshaping democracies globally.“We’re doing what’s necessary, not what’s convenient, at a time of extraordinary, accelerating change in the world playing out in our economy and society,” Chalmers said.</p>



<p>“And when you look around the world, from Farage to Farrer  the choice this moment presents for parties of government is clear.”Chalmers argued Labor remained “the sensible centre” of Australian politics while acknowledging that both major parties were under growing pressure to respond to rapidly changing voter expectations.</p>



<p>As One Nation expands beyond its traditional regional and protest-vote base, analysts say the party’s influence is now being measured not only by seats won, but by its ability to shape the national political agenda and force strategic recalibrations from Australia’s two dominant parties.</p>
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		<title>Australian Opposition Targets Migration as One Nation Surge Pressures Coalition</title>
		<link>https://millichronicle.com/2026/05/67101.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Fri, 15 May 2026 04:32:53 +0000</pubDate>
				<category><![CDATA[Latest]]></category>
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		<guid isPermaLink="false">https://millichronicle.com/?p=67101</guid>

					<description><![CDATA[Canberra-Australian opposition leader Angus Taylor pledged to curb migration and restore support for older Australians on Friday as the conservative]]></description>
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<p><strong>Canberra-</strong>Australian opposition leader Angus Taylor pledged to curb migration and restore support for older Australians on Friday as the conservative Coalition faced mounting electoral pressure from the rising influence of Pauline Hanson and her One Nation party.</p>



<p>Taylor accused the government of reducing financial support for pensioners and older Australians, particularly through changes affecting private health insurance assistance.“At exactly the same time, they’ve ripped money away from pensioners and from older Australians with support for their private health insurance,” Taylor said while outlining the opposition’s policy priorities.</p>



<p>The opposition leader also vowed to confront what he described as “mass migration madness,” proposing a policy that would tie Australia’s annual migration intake to the pace of new housing construction.The announcement reflected growing political pressure over housing affordability, infrastructure strain and population growth, issues that have become central themes in national debate ahead of future elections.</p>



<p>Taylor’s remarks came days after the Coalition suffered a sharp electoral setback in the traditionally conservative seat of Farrer, where One Nation secured victory in last weekend’s vote.The Liberal candidate received just 12% of the primary vote, compared with the 43% previously secured in the electorate by former Liberal leader Sussan Ley a year earlier.</p>



<p>The result underscored growing fragmentation within Australia’s conservative voter base as One Nation gains support in regional and outer suburban areas amid concerns over migration, cost-of-living pressures and housing shortages.</p>



<p>The governing Labor Party has accused Taylor’s opposition of increasingly adopting policies associated with Hanson’s nationalist platform in an attempt to stem voter losses to the right-wing populist party.</p>



<p>One Nation has recently outperformed the Coalition in several major opinion polls, adding to pressure on the opposition to redefine its electoral strategy and policy agenda.</p>



<p></p>
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		<title>Homeownership and Modern Dating Collide as More Single Women Buy Property Alone</title>
		<link>https://millichronicle.com/2026/05/67018.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 14 May 2026 12:14:45 +0000</pubDate>
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		<category><![CDATA[Bay Area housing]]></category>
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		<guid isPermaLink="false">https://millichronicle.com/?p=67018</guid>

					<description><![CDATA[“Where is the pool of men who are self-sufficient and like to read, are willing to go to therapy and]]></description>
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<p><em>“Where is the pool of men who are self-sufficient and like to read, are willing to go to therapy and are not afraid of a woman who has a passport?”</em></p>



<p>A growing number of single women in the United States are purchasing homes independently, reshaping long-standing assumptions around relationships, financial security and domestic roles, according to real estate professionals and women navigating the housing market on their own terms.</p>



<p>The trend reflects broader economic and social shifts, particularly in high-cost urban markets where homeownership has become both a financial strategy and a statement of independence. But interviews with women homeowners suggest that property ownership is also altering the dynamics of modern dating, exposing tensions around gender expectations, financial status and domestic power.</p>



<p>Tonya, a faculty member at the University of California, San Francisco, moved to San Francisco in 2021 after accepting an academic position. Facing rapidly rising rental costs in the Bay Area, she viewed buying a condominium as a long-term investment and a form of personal financial security.</p>



<p>“I just wanted to make sure that there was something in my name,” Tonya said.She purchased her condo at age 36 while single and said the decision soon became a point of friction in her dating life. According to Tonya, several relationships changed once prospective partners learned she owned property.</p>



<p>“One person that I’m currently seeing owns a home with his parents and has asked me to move in with him as opposed to moving into my own condo  and that’s become a major sticking point,” she said.Economists and housing analysts say such reactions are tied to enduring social expectations around gender and financial authority. </p>



<p>Daryl Fairweather, chief economist at Redfin, said some men may still associate property ownership with traditional male provider roles.“Then she would become their landlord,” Fairweather said. “And the landlord has power over you. They can evict you.”The shift comes as women increasingly account for a larger share of homebuyers in the United States. </p>



<p>Housing affordability pressures, delayed marriage and rising educational attainment among women have contributed to more women purchasing homes independently rather than waiting for marriage or long-term partnerships.</p>



<p>For many women, the home is not simply a financial asset but a central part of their social and personal identity. Diana, another homeowner interviewed about her experiences, said she repeatedly found herself compromising in relationships after buying her property.</p>



<p>She said she made efforts to accommodate partners by adjusting living arrangements and making physical changes to her space. In one relationship, she rented out her own home to move into a partner’s residence. But over time, she said the compromises became largely one-sided.</p>



<p>“The men’s wishes shaped the way I lived,” Diana said, adding that she rarely experienced the same level of sacrifice from partners.Now in her mid-30s, Diana said she no longer sees her home as negotiable within relationships. The property has evolved into a key part of her daily life and social connections.“It’s where I host,” she said.</p>



<p> “It’s become a center for my friend group to gather.”She added that negative reactions from men regarding her homeownership now serve as an early warning sign when dating.Real estate agents say the experiences described by Tonya and Diana are increasingly common as more women enter the housing market independently. </p>



<p>Angela Johnson, a realtor based in Los Angeles, said she has seen a noticeable increase in single female buyers in recent years.“Rather than being like, ‘Yeah, I didn’t find anybody,’ or ‘I had to,’ or ‘It’s my only option,’ we’re seeing a lot of women that are excited about the idea of buying on their own,” Johnson said. </p>



<p>“They’re psyched about it.”The trend cuts across demographic groups, including women who historically faced structural barriers to homeownership. Tiffany, a 40-year-old homeowner and single mother, said owning property gave her opportunities that she once considered unlikely.</p>



<p>“I have been able to experience freedom and joy and fun and cool stuff with my kid that statistically, on paper, I should not have been able to do,” she said.Tiffany pointed to the challenges often faced by first-generation college students, single mothers and Black women in building wealth and accessing property ownership. </p>



<p>Economists and housing advocates have long documented disparities in homeownership rates and generational wealth accumulation among minority households in the United States.</p>



<p>At the same time, Tiffany said her financial independence has complicated her dating experiences. She described encountering men who appeared uncomfortable with financially independent women or who carried assumptions about income and status into early conversations.</p>



<p>“Sometimes on dating apps, men will have in their profile little comments about what they’re not looking for  like ‘don’t swipe if you’re an independent woman or if you’re not feminine,’” she said.She also said certain interactions quickly revealed anxieties around professional success and financial standing.</p>



<p>“Even in early conversations, you’ll hear things like ‘hey, big money’ or ‘boss lady,’” Tiffany said. “There are preconceived notions about their level in relation to you.”Online dating platforms have amplified some of these tensions, relationship observers say, as financial independence and lifestyle expectations become visible earlier in the dating process. </p>



<p>Homeownership, particularly in expensive urban markets, can signal economic stability at a time when housing costs and inflation continue to shape household decisions.For some women, however, the challenges of dating while financially independent have led to broader reassessments about relationships and personal priorities. </p>



<p>Tiffany recently deleted her dating applications, saying she no longer viewed the experience as a productive use of her time.“Where is the pool of men who are self-sufficient and like to read, are willing to go to therapy and are not afraid of a woman who has a passport?” she said.</p>



<p> “I don’t feel like I’m missing a ton by choosing to read a book instead of swiping on Hinge.”The experiences shared by homeowners interviewed for this article reflect changing social expectations surrounding marriage, domestic arrangements and financial power. As housing affordability challenges continue and more women build wealth independently, relationship dynamics increasingly intersect with questions of ownership, autonomy and economic security.</p>



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		<title>US Inflation Shows Steady Path as Economy Adjusts and Growth Foundations Strengthen</title>
		<link>https://millichronicle.com/2026/01/62006.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Tue, 13 Jan 2026 21:07:05 +0000</pubDate>
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					<description><![CDATA[America’s latest inflation data reflects a steady economic transition, with moderate price increases supporting expectations of stability, while policy measures]]></description>
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<blockquote class="wp-block-quote">
<p> America’s latest inflation data reflects a steady economic transition, with moderate price increases supporting expectations of stability, while policy measures and market adjustments aim to ease household pressures over time.</p>
</blockquote>



<p>US consumer inflation continued its gradual rise, reflecting a stabilizing economy rather than overheating conditions. The data signals balance returning after months of volatility.</p>



<p>Prices increased at a measured pace, reinforcing confidence that inflation remains manageable. This steadiness supports expectations that monetary policy will remain supportive.</p>



<p>Food and housing costs were key contributors, highlighting everyday expenses that matter most to households. These pressures are being closely monitored by policymakers.</p>



<p>Underlying inflation remained moderate, suggesting that broader price trends are not accelerating sharply. This has reassured investors and economists alike.</p>



<p>The steady inflation reading strengthens the view that interest rates can remain unchanged in the near term. At the same time, future rate cuts remain possible.</p>



<p>Shelter costs continued to rise, reflecting strong demand and limited housing supply. Long-term housing reforms are expected to help restore affordability.</p>



<p>Food prices edged higher, influenced by seasonal factors and global supply adjustments. Recent policy steps aim to smooth these pressures gradually.</p>



<p>Despite higher grocery bills, wage growth and employment stability continue to provide households with resilience. Consumer spending remains broadly intact.</p>



<p>Restaurant prices increased, reflecting higher operating costs for businesses. This also points to steady demand in the services sector.</p>



<p>Energy prices showed modest movement, with natural gas gains offsetting lower fuel costs. Energy markets remain relatively balanced.</p>



<p>Electricity prices reflected increased demand from expanding digital infrastructure. Investment in capacity is expected to ease costs over time.</p>



<p>Economists note that inflation distortions from earlier disruptions are fading. This normalization is seen as a positive structural shift.</p>



<p>The steady inflation pace supports confidence in the broader economic recovery. Businesses continue to invest and plan with greater certainty.</p>



<p>Government initiatives aimed at housing and affordability reflect an active policy response. These measures are designed to support long-term stability.</p>



<p>Consumer confidence remains sensitive to everyday costs, yet overall economic fundamentals remain strong. Employment and income growth provide a cushion.</p>



<p>Investors welcomed the data as a sign that inflation is not spiraling. Markets responded calmly, reinforcing financial stability.</p>



<p>The data suggests that tariff-related price pressures are easing. This trend supports optimism for price stability ahead.</p>



<p>Moderate inflation also supports business planning and capital investment. Predictability encourages expansion and innovation.</p>



<p>Households continue to adapt, adjusting spending patterns while benefiting from a resilient labor market. Economic participation remains high.</p>



<p>Analysts emphasize that steady inflation is healthier than sharp swings. It allows gradual adjustments across sectors.</p>



<p>The balance between growth and price stability remains the central focus. Current data suggests progress toward that equilibrium.</p>



<p>Overall, the inflation report paints a constructive picture of an economy finding its footing. Gradual adjustments are paving the way forward.</p>
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		<title>US Pending Home Sales Jump to Nearly Three-Year High in November</title>
		<link>https://millichronicle.com/2025/12/61341.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Mon, 29 Dec 2025 21:13:23 +0000</pubDate>
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					<description><![CDATA[Rising affordability and easing mortgage rates revive buyer confidence nationwide The US housing market showed renewed strength in November as]]></description>
										<content:encoded><![CDATA[
<blockquote class="wp-block-quote">
<p>Rising affordability and easing mortgage rates revive buyer confidence nationwide</p>
</blockquote>



<p>The US housing market showed renewed strength in November as pending home sales climbed to their highest level in nearly three years, signaling a positive turn for buyers and sellers alike. The surge reflects improving affordability conditions and growing confidence among households who had remained cautious amid higher interest rates over the past two years.</p>



<p>Contracts to purchase previously owned homes recorded a strong monthly increase, comfortably outperforming market expectations. This momentum suggests that buyers are responding to a combination of moderating mortgage rates, steady wage growth, and a gradual improvement in housing supply across several regions of the country.</p>



<p>Housing experts point out that pending home sales are a forward-looking indicator, often translating into finalized sales within one to two months. The latest rise therefore offers an encouraging outlook for early 2026, particularly after a prolonged period of subdued activity in the resale housing market.</p>



<p>Affordability has been a key driver behind the rebound. Mortgage rates have edged lower since the Federal Reserve began easing monetary policy earlier in the fall, making monthly payments more manageable for prospective buyers. At the same time, income growth has continued to outpace increases in home prices, helping narrow the affordability gap that had sidelined many first-time and repeat buyers.</p>



<p>Another supportive factor has been the availability of inventory. While housing supply remains tight by historical standards, buyers now have more choices than they did a year ago. This modest increase in listings has reduced competition in some markets, allowing buyers to re-enter negotiations with greater confidence and flexibility.</p>



<p>Regionally, gains were broad-based, with pending sales rising across the Northeast, Midwest, South, and West. This nationwide improvement underscores that the recovery is not limited to a single housing market but reflects wider economic and financial conditions gradually turning more favorable for homeownership.</p>



<p>Market analysts also note that sentiment plays a powerful role in housing decisions. After months of uncertainty, the perception that borrowing costs may stabilize has encouraged buyers to move forward rather than wait on the sidelines. Even if mortgage rates do not fall sharply in the coming months, clarity around the rate environment can itself support market activity.</p>



<p>For sellers, the uptick in contracts is a welcome sign that demand is firming. Homes that are well-priced and properly marketed are attracting attention more quickly, helping restore balance to local markets that had slowed considerably. This renewed activity can also support related sectors, including construction, home improvement, and mortgage lending.</p>



<p>Looking ahead, economists caution that challenges remain, including affordability pressures in high-cost urban areas and uncertainty around future interest rate policy. However, the latest data suggests that the housing market has found a stronger footing as it heads into the new year.</p>



<p>The November rebound highlights the resilience of US housing demand and the importance of incremental improvements in financial conditions. As buyers adjust to a new normal for interest rates and prices, steady gains in affordability and supply could continue to support activity through 2026.</p>



<p>Overall, the rise in pending home sales marks a constructive development for the broader economy. Housing remains a critical engine of consumer confidence and wealth, and its gradual recovery adds to optimism about sustained economic stability in the months ahead.</p>
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		<title>London Housing Market Remains Resilient Ahead of UK Budget, Rightmove Reports</title>
		<link>https://millichronicle.com/2025/10/57823.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Mon, 20 Oct 2025 10:15:14 +0000</pubDate>
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					<description><![CDATA[London — The UK housing market continued to show resilience and stability in October despite slower-than-usual price growth, according to]]></description>
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<p><strong>London</strong>  — The UK housing market continued to show resilience and stability in October despite slower-than-usual price growth, according to the latest survey from Rightmove, one of Britain’s leading property websites.</p>



<p> While asking prices for homes rose by 0.3% in the four weeks to October 11—slightly below the long-term average of 1.1%—analysts say the figures point to a balanced market rather than a downturn, as buyers and sellers adopt a cautious but optimistic stance ahead of the government’s upcoming budget.</p>



<p>The report noted that the average asking price in Britain was down just 0.1% year-on-year, suggesting that the market has largely stabilized after several years of volatility caused by interest rate fluctuations and post-pandemic corrections. </p>



<p>Although the pace of growth has moderated, experts describe the overall picture as one of steady confidence rather than weakness.</p>



<p>“Despite the overall resilience of the 2025 housing market, we’ve not got enough pent-up momentum or recent positive sentiment to spur the usual autumn bounce in property prices,” said Colleen Babcock, a property expert at Rightmove.</p>



<p> “Speculation that the budget may impact the higher end of the property market has encouraged some buyers to wait and see, but demand for family homes and mid-range properties remains healthy.”</p>



<p>The slowdown in asking prices comes as Finance Minister Rachel Reeves prepares her first full budget on November 26, which is expected to focus on balancing tax reform with economic growth.</p>



<p> Market participants are closely watching for any announcements related to housing policies, stamp duty adjustments, or incentives for first-time buyers, all of which could influence property demand heading into 2026.</p>



<p>In addition to Rightmove’s findings, other indicators have pointed to continued market stability. Data from Halifax, the UK’s largest mortgage lender, showed a 1.3% annual increase in house prices in September, marking the weakest rise since April 2024 but still signaling positive growth. </p>



<p>Economists say the current phase reflects a healthy correction following several months of robust gains, allowing affordability to gradually improve for new buyers.</p>



<p>The report also highlighted regional variations, with London and the South East seeing more cautious activity, while the Midlands, Scotland, and Northern England continued to experience steady buyer interest.</p>



<p> Analysts attribute this to more affordable housing options outside the capital and a shift toward hybrid work patterns, which have expanded demand in regional markets.</p>



<p>Rightmove noted that buyer activity dipped slightly in September compared to the same period last year. However, this was largely expected, as the market in 2024 benefited from temporary stamp duty cuts and the Bank of England’s first series of interest rate reductions. </p>



<p>Despite these factors, the 2025 market remains more balanced, with stable demand and a return to normal seasonal trends.</p>



<p>“After a period of adjustment, both buyers and sellers seem more grounded in their expectations,” Babcock said. “Lower mortgage rates and increased housing supply have created a healthier environment for sustainable growth.”</p>



<p>Economists suggest that the upcoming budget could act as a short-term catalyst for the housing sector. Measures aimed at encouraging homebuilding, improving affordability, and stimulating investment could help unlock pent-up demand, especially if the government maintains its target of constructing 1.5 million new homes over the next five years.</p>



<p>With inflation easing and interest rates expected to remain stable into early 2026, market observers are optimistic that the UK housing sector will continue its gradual recovery. Homeowners are showing greater confidence in listing their properties, while first-time buyers benefit from improved financing conditions.</p>



<p>In summary, while October’s data points to a slower growth phase, the UK housing market remains steady, resilient, and fundamentally sound. Analysts expect modest gains in the months ahead, particularly if government policy supports long-term housing and infrastructure investment.</p>



<p>As the nation awaits the November budget, the sentiment across the real estate sector is one of cautious optimism, underpinned by improving economic fundamentals and the prospect of a more balanced, sustainable housing market in 2026.</p>
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		<title>Fed&#8217;s Miran math may overstate the impact of immigration on inflation</title>
		<link>https://millichronicle.com/2025/09/56156.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 27 Sep 2025 11:00:35 +0000</pubDate>
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					<description><![CDATA[&#8221;Population shifts won’t rock U.S. inflation,” says Fed Governor Stephen Miran. As the U.S. Federal Reserve continues to refine its]]></description>
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<blockquote class="wp-block-quote">
<p>&#8221;Population shifts won’t rock U.S. inflation,” says Fed Governor Stephen Miran.</p>
</blockquote>



<p>As the U.S. Federal Reserve continues to refine its policy tools, recent analyses around immigration’s impact on housing and inflation underscore a measured, data-driven approach that reassures both markets and consumers. Fed Governor Stephen Miran’s recent assessment sparked discussions about potential effects of immigration trends on rent and overall inflation, but experts emphasize that the broader U.S. economy remains resilient.</p>



<p>Miran’s evaluation, which referenced historical housing data from the 1980 Mariel boatlift in Miami, aims to understand how changes in population dynamics could influence rental markets and consumer prices. While his initial estimates suggested a moderate effect on rent inflation, leading economists point out that the actual impact is smaller than early figures implied, highlighting the robustness of U.S. housing and rental markets.</p>



<p>Albert Saiz, a distinguished MIT economist whose research informed parts of Miran’s analysis, notes that population growth and migration patterns do influence housing prices, but the magnitude is manageable. Even with shifts in local demand, overall consumer inflation is projected to remain stable, giving policymakers confidence in a steady economic environment. This measured perspective allows the Fed to carefully calibrate its interest rates while maintaining its dual focus on price stability and employment growth.</p>



<p>By considering the full scope of population trends and rental market data, Miran and the Federal Reserve are demonstrating a forward-looking approach. Their work reflects an effort to anticipate market movements without overreacting to short-term changes, ensuring Americans experience balanced and predictable inflation trends. Saiz’s latest research shows that a modest adjustment in rent inflation would have a limited effect on the national consumer price index, reinforcing that the economy is fundamentally resilient.</p>



<p>Miran’s updated analysis retains a cautious estimate for rent-related inflation adjustments but emphasizes that the effect on total inflation will be minimal, around 0.1 percentage points per year. This measured approach allows the Fed to respond thoughtfully, maintaining a stable monetary environment while still addressing emerging trends. Analysts see this as a positive step in ensuring that policy decisions are informed, data-driven, and protective of consumer interests.</p>



<p>The discussion also highlights the broader benefits of rigorous research in shaping economic policy. By incorporating historical data and contemporary studies, the Fed continues to provide guidance that supports sustainable growth. This balance reassures businesses, investors, and everyday Americans that inflation and housing markets are being monitored and managed carefully, reducing uncertainty and enhancing economic confidence.</p>



<p>As the Federal Reserve evaluates its policies in light of these findings, markets can remain optimistic. The emphasis on careful measurement, combined with the recognition that population shifts have a manageable effect on inflation, underscores the Fed’s commitment to a stable, forward-looking economy. Policymakers are thus positioned to make informed, proactive decisions that support both economic stability and long-term growth.</p>



<p>In conclusion, the ongoing analysis of immigration and housing impacts illustrates the Fed’s dedication to maintaining a resilient economy while applying thoughtful, research-based policy decisions. Americans can take comfort in knowing that the central bank is continuously evaluating trends and employing measured strategies to ensure stability, affordability, and continued economic growth across the nation.</p>
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