President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government. The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Department of Housing and Urban Development (HUD). […]
Supreme Court ruling allows Trump’s federal workforce cuts to proceed 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 »
President Donald Trump’s One Big Beautiful Bill Act is about to become law. The House of Representatives on Thursday voted to advance the budget reconciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legislation. The White House has scheduled
One ‘Big Beautiful’ win: House advances budget bill for Trump’s signature Read More »
President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE
Trump says he’s terminating trade negotiations with Canada Read More »
The clock is ticking for the 90-day pause on President Trump’s tariffs. As the July 8 deadline draws near, banks face the possibility of a new round of disruptions to their business — and yet some CEOs aren’t worried. In interviews with American Banker, two bank leaders expressed confidence that Trump will avoid ratcheting his
Bank CEOs keep calm as end of tariff pause approaches Read More »
President Trump has started Operation Shadow Fed President, with news breaking Wednesday night that he has identified several candidates for the next Federal Reserve chairman. Under this strategy, the president selects a new Federal Reserve chair well before they can officially assume the role and they communicate new Fed policy to the markets, which undermines
Trump initiates plan to install a shadow Fed president Read More »
On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. However, this year, we’ve
How will mortgage rates react to US bombing of Iran? Read More »
The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
New listings slowdown shows lack of home seller stress in 2025 Read More »
Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way
Trump wants Powell to lower rates. Here’s how to do that Read More »