US home building is surging, but job growth isn't The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
Wall Street betting billions on single-family homes in distressed markets Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable. More
Want to Slash Mortgage Costs? 4 Easy Ways Without Refinancing 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Trump-backed bill to avert government shutdown fails; dozens of Republicans vote No Stranded NASA Astronauts on the ISS Are Stuck in ... 12/20/2024 - 3:29 am | View Link
The US housing market has had a tough year. Here’s what could save it America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year. 12/19/2024 - 10:59 pm | View Link
Dow plunges by more than 1,100 points after Fed projects fewer rate cuts next year Here’s how housing economists and other experts say that will impact mortgage rates and the housing market more broadly: “Mortgage rates will modestly trend lower. Given that mortgage rates have ... 12/18/2024 - 10:48 pm | View Link
Will the Fed's Interest Rate Cut Help Lower Mortgage Rates? The Federal Reserve is expected to announce its third interest rate cut of 2024 at its policy meeting tomorrow. In an effort to tame inflation, the central bank started hiking interest rates in early ... 12/17/2024 - 1:00 am | View Link
A Republican strategist is lashing out at Rep. Nancy Mace (R-SC) months after he says he fired her as a client, dubbing the far-right lawmaker a “pitiful embarrassment,” the Daily Beast reports.
Said Wesley Donehue: “I fired Nancy Mace as client a few months back because I’m a political consultant and not a babysitter, a sex therapist or a doctor who can prescribe fixes for chemical imbalances.
“The 118th Congress ended almost exactly as it began: with chaos in the House of Representatives that threatened to consume its GOP leader and shut down the government,” the Washington Post reports.
“While he avoided the ignominious event of a government shutdown, with just hours to spare, Speaker Mike Johnson (R-LA) still faces a daunting vote at the start of the next Congress, on Jan.
“Justice Clarence Thomas failed to disclose two additional trips from a billionaire patron that had not previously come to light, Senate Democrats revealed on Saturday after conducting a 20-month investigation into ethics practices at the Supreme Court,” the New York Times reports.
Sen. Mitt Romney (R-UT) said he voted against the stopgap spending bill in “protest” of how the government is run, CNN reports.
Said Romney: “While I support keeping government open, I voted no on the CR—a simple protest of the absurd way this is to run government.”