By PATRICK LAVERY The Federal Open Market Committee on Wednesday voted to make its first cut in the federal funds rate in more than four years, a substantial 50-basis point slash which, as had been predicted earlier in the week, lowers the target range for the key rate from its previous level of 5.25% to…
The U.S. Department of Housing and Urban Development and Zillow are teaming up to expand homeownership for a new generation of buyers. Alongside a series of new actions expanding housing counseling services, HUD tapped Zillow to display ads for its “Let’s Make Home the Goal” campaign on its digital platforms. The campaign is a multi-year…
By PATRICK LAVERY After more than a year of no movement, there could be big news to come out of the upcoming Federal Open Market Committee meeting this Tuesday and Wednesday – even bigger than anticipated. CME Group’s FedWatch tool, for the first time in numerous recent Fed meeting cycles, is not even holding open…
America is severely lacking in housing, an issue raised on both sides of the aisle and blamed for the ongoing affordability crisis. But despite big talk of building, very little progress has been made towards addressing supply. That’s according to a new LendingTree analysis of the U.S. Census Bureau Building Permits Survey, which found that…
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…
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