By SCOTT KIMBLER As home affordability continues to affect working Americans, there are indicators that property prices in swing states may influence the Presidential election. As former President Donald Trump and Vice President Kamala Harris prioritize Wisconsin, Michigan, Pennsylvania, Nevada, Arizona, North Carolina, and Georgia in efforts to attract voters, analysts say their housing policies…
Vice President Kamala Harris and former President Donald Trump went head to head Tuesday for their first – and possibly only – debate before November’s presidential election. Housing was mentioned very little during the debate. Harris raised the topic early and doubled down on policies she proposed in the last month. “I grew up a…
By KIMBERLEY HAAS Recent surges in immigration have pushed demand for rental housing and the effects will be felt for years to come. During a recent webinar, Eric Finnigan, vice president of demographics research at John Burns Research and Consulting, said that they are tracking data from the Congressional Budget Office, and immigrants with pending…
With the Presidential election moving into a post-Labor Day sprint to the polls, national policy is top of mind for many Americans. Kamala Harris and Donald Trump have released campaign ads touting their own housing goals and belittling the other. But local elections have a more significant impact on individual markets than presidential policy, experts…
By ERIN FLYNN JAY With buyers already taking a “wait-and-see” approach due to high interest rates, low inventory, and an upcoming Presidential election, economists say another factor – the unemployment rate – could affect the housing market moving forward. “Higher unemployment can make individuals and families feel less secure about their personal financial situations, which…
The Justice Department is suing property management software company RealPage, claiming it schemed to monopolize the apartment market and fix prices. The Attorneys Generals of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington joined the DOJ in the suit. The DOJ says the company used its commercial revenue management software, which landlords use…
By KIMBERLEY HAAS Vice President Kamala Harris brought up housing during her speech at the Democratic National Convention in Chicago. Harris was talking about her plan to create an “opportunity economy” where everyone has a chance to compete and succeed regardless of where they live. “As President, I will bring together labor and workers, small…
The Consumer Financial Protection Bureau ordered Fay Servicing to pay a $2 million penalty for allegedly breaking mortgage servicing laws and violating an agency order. The CFPB contends that Florida-based non-bank servicer Fay Servicing ignored a 2017 order and took prohibited foreclosure actions against borrowers requesting mortgage assistance. The company failed to offer borrowers the…
With housing a major issue on voters’ minds and November inching closer, Vice President Kamala Harris detailed her plan to make housing more affordable. In a speech in Raleigh, NC, on Friday, Harris outlined policies intended to incentivize building and buying homes. “There’s a serious housing shortage; in many places, it’s too difficult to build…
By CHUCK GREEN Federal Reserve Chair Jerome Powell often vigorously asserts that members of the Federal Open Market Committee don’t give two hoots who’s President. When he’s asked, Powell says they operate as an independent body that does not take politics into account. As Powell remains unmoved by political pressures, leaders in every industry are…
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