By KIMBERLEY HAAS Home affordability continues to be problematic for American families. High prices, elevated mortgage rates, and a low supply of inventory have kept adults in their 20s and 30s off the housing ladder. At the same time, homeowners with growing families are unable to move up that ladder into properties that would better…
By KIMBERLEY HAAS A bicameral bill that would force hedge funds out of the single-family home market has been introduced. U.S. Sen. Jeff Merkley (D-OR) and U.S. Rep. Adam Smith (D-WA) introduced the End Hedge Fund Control of American Homes Act of 2023 this week, with Merkley stating, “The housing in our neighborhoods should be…
Turmoil in Congress is making headlines, but will it impact the economy – and the mortgage industry – more broadly? The House this week voted 216 to 210 to remove Kevin McCarthy (R-CA) from his position as speaker. He was the first speaker to be ousted through a vote in the middle of a congressional term….
When President Joe Biden was trying to pressure Republicans into supporting Democrats’ efforts to raise the debt ceiling, he warned of ominous outcomes should the effort fail. “People may see the value of their retirement accounts shrink. They may see interest rates go up, which will ultimately raise their mortgage payments and car payments,” Biden…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!