Following his nomination for the role in March, the Senate on Tuesday confirmed Andrew Hughes as the deputy secretary of the U.S. Department of Housing and Urban Development (HUD) under Secretary Scott Turner. Hughes succeeds Adrianne Todman, who effectively served as HUD secretary for the final 10 months of the Biden administration. Todman left HUD […]
Senate confirms Andrew Hughes as HUD’s deputy secretary Read More »
The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country. A recent study from Point2Homes
These suburbs saw the largest increases in renters during the pandemic Read More »
Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by
CFPB enforcement head resigns, citing ‘no intention to enforce the law’ Read More »
As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses. Rep. Shontel Brown (D-Ohio) on Tuesday introduced a House Resolution calling for
House Democrats call for more action on US housing crisis Read More »
U.S. consumer sentiment toward the housing market improved in May and reached its highest level since November 2024, according to Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates may fall in the
Fannie Mae: Consumer housing market sentiment hits 2025 high point Read More »
The 2025 U.S. housing market is flashing warning signs reminiscent of 2008: rising household debt burdens, persistent inflation and home prices that are outpacing incomes. Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse. Yet, the growing share of income
Will the 2025 housing market crash like 2008? Read More »
I love taking my son to the arcade, sharing with him the games I grew up playing and the workarounds that can help improve his odds of winning. On one such trip, we spent too much time and money trying to win a prize out of the arcade’s claw machine. It got me thinking about
Think the 2025 market is a claw machine? Here’s how to win anyway Read More »
One of the most encouraging data points for 2025 so far is that new listings have finally emerged from a two-year slump, exceeding 80,000 per week during the seasonal peak period. The question is: Have we already seen the highest new listings print for the year? We are currently in the seasonal period where we
New listings slump. Have home sellers already called it quits? Read More »
The leaders seated earlier this year in the U.S. Department of Housing and Urban Development (HUD) are reportedly planning new time limits and work requirements for recipients of the department’s existing rental assistance programs, according to an internal document viewed by NPR. The document reportedly reveals that HUD is planning on limiting the amount of
HUD plans new time limits, work requirements for rental assistance Read More »
Will Friday’s jobs report compel Federal Reserve Chairman Jerome Powell to cut rates by 1%, as President Trump suggested on social media today? The answer is no. While the labor market is showing signs of cooling and there are some indications of stress in certain sectors of the economy, today’s report, although it exceeded estimates,
Why Friday’s jobs report won’t compel Powell to cut rates Read More »