Federal Reserve officials plan to cut interest rates this year, real estate agents are likely to cut their commissions after a major deal and President Biden has begun looking at ways his administration can reduce high housing costs. In short, there are many changes in the housing market. While sales have slowed significantly due to…
Economists in the Biden administration are calling for more aggressive federal action to reduce costs for home buyers and renters, targeting one of the biggest economic challenges President Biden faces in his re-election bid. Policy proposals in a White House report released Thursday include potentially aggressive federal intervention in local politics, often dictating where homes…
President Joe Biden on February 22, 2020 in Las Vegas. RONDA CHURCHILL President Joe Biden will visit the battleground state of Nevada on Tuesday to crack down on corporate landlords who the White House says are keeping rents artificially high even as overall inflation has eased. Biden’s attack on what he calls “rent gouging” is…
Concerned that increased mortgage rates and housing costs are hurting Americans and hindering his re-election, President Biden and his economic team are looking for new ways to make housing more available and affordable. Mr. Biden’s upcoming budget request will call on Congress to pass a series of initiatives to build more affordable housing and help…
The Federal Reserve may have a housing problem. At least there is a case mystery. Overall inflation fell significantly last year. But housing has proven to be a stubborn – and surprising – exception. According to the Labor Department, housing costs rose 6 percent in January compared to a year ago, rising faster each month…
“No society can be fully understood without the locations of its members.” I have this quote (from “Crabgrass Frontier,” the seminal history of the American suburbs) pinned to a wall behind my desk. It sums up why I love covering housing for The New York Times, and I never seem to run out of things…
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Federal Reserve Chairman Jerome Powell during a hearing of the Senate Banking, Housing and Urban Affairs Committee on Tuesday, September 28, 2021 in Washington, DC, UNITED STATES. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are urging…
