Federal Housing Finance Agency, Trump and mortgage fraud
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Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases, while overall residential construction was buoyed by a surge in new apartment projects.
High mortgage rates, slowing price growth, and a decline in sales have led to fears of a housing market crash in 2025. But shifting demand patterns and potential interest rate cuts on the horizon paint a slightly different picture.
Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.
David Adelman, CEO of Campus Apartments, joins “Worldwide Exchange” to discuss rising demand for student housing, premium amenities, and why top schools keep driving strong rent growth.
Housing construction in the U.S. jumped much more than expected last month, reflecting a recovery in the multifamily market as developers respond to demand for rental housing.
U.S. Federal Housing Finance Agency Director Bill Pulte dissects mortgage fraud allegations against Sen. Adam Schiff, D-Calif., and Federal Reserve governor Lisa Cook on 'The Ingraham Angle.'
Housing starts rose 5.2% in July to a seasonally adjusted annual rate of 1.428 million, the highest level in five months.
The economy could soon see a big drop in shelter prices that slashes the current inflation rate by more than half, Rosenberg Research said.