Secretary Scott Bessent announced 10 new appointments for senior positions at the U.S. Department of the Treasury, according to a Friday press release. John Crews, a former policy adviser under House Majority Leader Steve Scalise, will serve as deputy assistant secretary for financial institutions policy. Before his time in House leadership, Crews was the policy […]
Bessent announces 10 new appointments at Treasury Read More »
President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE
Trump says he’s terminating trade negotiations with Canada Read More »
While signs of a cooling housing market are beginning to emerge, with roughly 500,000 more home sellers than buyers now in play, according to a recent Redfin report, rising affordability barriers continue to sideline many would-be homeowners. The median home price in the U.S. stood at $416,900 in the first quarter of 2025. With median
Despite a surge in homes for sale, renting still remains the only real option for most Read More »
President Trump has started Operation Shadow Fed President, with news breaking Wednesday night that he has identified several candidates for the next Federal Reserve chairman. Under this strategy, the president selects a new Federal Reserve chair well before they can officially assume the role and they communicate new Fed policy to the markets, which undermines
Trump initiates plan to install a shadow Fed president Read More »
The rapid rise in home prices and housing costs over the past five years has strained affordability in every part of the country, but a new study seeks to put a finer point on which metropolitan areas are getting hit the hardest. Realtor.com calculated the share of income a typical household spends on housing by
Here are the three metros where homeownership is still affordable Read More »
New Home Co. has completed a previously announced acquisition of Landsea Homes, the companies announced Wednesday. The deal creates a top-25 national homebuilder based on the number of new homes sold in 2024. Matthew Zaist, who currently serves as president and CEO of New Home, will led the combined company. New Home was the nation’s
New Home Co. acquires Landsea, forming a top 25 homebuilder Read More »
New home sales missed sales estimates significantly in Wednesday’s report and we have negative revisions to the previous months. The builders’ profit margins are dwindling, which means housing construction, which has been at early COVID-19 recession levels for some time, could worsen if mortgage rates stay elevated or head even higher. So, instead of focusing
US housing construction is dead with current mortgage rates Read More »
Homebuyers in 2025 are finally getting some good news. Active housing inventory is returning to the levels we experienced before the pandemic, which means the chaotic and unhealthy housing market of the last several years is finally a thing of the past. As someone who was concerned about home prices skyrocketing out of control between
Homebuyers finally catch a break with more inventory Read More »
Home prices continue to outpace last year, but at a pace that’s slowing down. The S&P CoreLogic Case-Shiller Home Price Index for April rose 2.7% year over year, a deceleration from 3.37% in March, 3.9% in February and 4.1% in January. It’s the first data for the Case-Shiller that includes the period after President Donald
Home prices are still climbing, but the pace is slowing Read More »
Look at all the variables at play in the housing market and it’s hard not to feel pessimistic about the affordability crisis. Mortgage payments continue to increase thanks to high mortgage rates, home insurance premiums are on the rise in markets vulnerable to natural disasters and the rent is still too dang high for renters
Four charts that perfectly illustrate the housing affordability crisis Read More »