The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump on a key issue — the state and local tax (SALT) deduction. What the deduction does is all in the name. It […]
Where — and for whom — Trump’s higher SALT deduction cap has the most impact Read More »
Record-high home prices and persistently elevated mortgage rates have made the housing market difficult for homebuyers and the industry alike — and not even this year’s significant growth in supply seems to be helping. It’s been particularly difficult for prospective buyers who are currently renters, as renters are dealing with an affordability crisis of their
3 charts that show why renters struggle to become homeowners Read More »
New-home sales have been a relative bright spot in an otherwise stagnant housing market. But that’s changing and homebuilders recognize it. According to June 2025 data released Friday by the U.S. Census Bureau, single-family home construction is down year over year at every stage of the process. This includes permits (-8.4%), starts (-10%), completions (-15.5%)
Single-family home construction declines are accelerating Read More »
Real estate data provider ATTOM on Thursday released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025. That figure is up 5.8% from the same period a year
US foreclosure activity continued to rise in first half of 2025, ATTOM says Read More »
International homebuyers purchased $56 billion worth of U.S. existing homes between April 2024 and March 2025 — a 33.2% increase from the previous year, according to a report released Monday by the National Association of Realtors. The number of properties bought by foreign buyers rose to 78,100 during the 12-month period, up 44% from the
International homebuyers returned to the US in droves Read More »
New issuance of agency mortgage servicing pools is down sharply — $555 billion through the first six months of 2025 versus $1.1 trillion in the same period last year — and is reflective of a sluggish origination environment. That’s according to Recursion‘s Agency Mortgage Servicer/Seller Report for July 2025. Prepayments were also down to $301
Nonbanks cement their dominance in agency servicer/seller market Read More »
The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.
Zillow: US housing shortage hit 4.7 million in 2023 Read More »
After a few months of relative calm, President Donald Trump issued a flurry of new tariffs on key trade partners while indicating an extension of deadlines for most countries to reach a trade deal with the U.S.. Trump paused his new global tariff regime less than a week after it was announced on April 2,
Back on the tariff roller coaster: Trump imposes new levies, extends deadlines Read More »
The National Association of Realtors (NAR) praised the narrow passage of President Donald Trump’s One Big Beautiful Bill Act — a sweeping tax reform measures that includes a slate of real estate-related provisions. Last week, the legislation passed the House of Representatives by a vote of 218-214, which followed a 50-50 vote in the Senate
NAR celebrates passage of the ‘Big Beautiful Bill’ Read More »
When Elon Musk was given control over much of the federal government staffing levels at the start of President Donald Trump’s second term, real estate professionals in Washington, D.C., wondered if the sweeping layoffs would impact the housing market. While everyone has taken a wait-and-see approach, it’s getting hard to deny that people are moving
It’s official: DOGE cuts are impacting the DC housing market Read More »