Housing Market

Bipartisan Senate duo finds common ground on fighting wildfires

In the halls of U.S. democracy, bipartisanship is a difficult concept. But some topics seem more likely to warrant collaboration between Republicans and Democrats, especially when it comes to housing or housing-adjacent issues. One such issue is natural disasters, including wildfires. Two senators with different bases of support are uniting in their efforts to fight […]

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Meet the Warren Buffets of the 2025 housing market

Experienced auction buyers expect to buy more this year, but at lower prices. Meanwhile auction sellers are expecting more foreclosures with less equity. Despite the tariff-triggered uncertainty hovering over the economy in recent months — or possibly because of it — experienced buyers of distressed properties at auction have remained remarkably optimistic about their property

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DOGE effect? Housing inventory in DC is rising faster than the rest of the country

Agent Janice Pouch had a listing go up in February for a single-family house in a desirable part of Washington, D.C., where homes typically don’t last long.  She had no reason to think that wouldn’t be the case this time either, especially after a packed open house during its first weekend on the market. Instead,

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Washington state church completes affordable housing conversion

A lack of affordable housing units in one of Washington state’s largest cities has pushed a community church into action as it seeks to convert some of its property holdings into as many as 60 affordable housing units. Shiloh Baptist Church in Tacoma’s Hilltop neighborhood is taking steps to convert two of its properties into

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What implicit guarantee means for rates on GSEs’ release

Will mortgage rates go higher if the government takes the GSEs out of conservatorship? Many people would say yes if there were no government backing of these two giants, but on Tuesday evening the calculus changed. In a social media post on Tuesday, President Trump expressed his intention to transition the government-sponsored enterprises (GSEs) out

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California revokes City of Fresno’s ‘pro-housing’ designation

In a move seen as a blow to the city’s plans to develop affordable housing, the mayor of Fresno, California, announced during a city council meeting that the city has lost a pro-housing designation from the state due to perceived failures in expanding its affordable housing stock. In April 2023, Fresno was announced as one

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Potential picks for CFPB director after McKernan nomination pulled

With notable bumps in the road and quickly changing priorities, the road ahead for the Consumer Financial Protection Bureau (CFPB) during the second Trump administration remains clouded. The White House previously nominated someone for the CFPB’s director position who is largely seen as ideal by housing organizations across party lines. But that nominee, Jonathan McKernan,

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FHFA Director Pulte calls on Powell to lower interest rates

On Monday, FHFA Director Bill Pulte called on Federal Reserve Chairman Jerome Powell to lower interest rates. His exact tweet was: “Jay Powell needs to lower interest rates – enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better

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Mortgage rates survive budget bond scare, but end the week higher

Last week, we witnessed a pivotal moment for mortgage rates and the bond market, which some pundits have said has grown increasingly aware of our rising national debt and deficits. A bond auction last week was perceived as having soft demand, prompting media outlets and market speakers to suggest that the U.S. could face consequences

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Bessent weighs mortgage rate risk in potential release of GSEs

Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday. The timing of the president’s announcement took many by surprise, given rising bond yields, an uncertain trade war

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