The Government Accountability Office said Thursday that it has opened an investigation into Federal Housing Finance Authority Director Bill Pulte, who has served as an attack dog against President Donald Trump’s enemies. The congressional watchdog’s probe was requested by a group of Senate Democrats, who had asked the GAO to determine whether Pulte and other…
A “For Rent” sign in front of an apartment building on St. Paul Street in Brookline, MA, on September 12, 2025. Boston Globe | Boston Globe | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real…
From July 2024 to July 2025, 1 in 3 condos sold in Manhattan sold at a loss, according to luxury real estate firm Brown Harris Stevens. Experts say this dynamic is somewhat typical in a city with high selling fees and high tax rates. What is unusual is the borough’s wavering property values over the…
Homes in San Francisco, California, US, on Wednesday, Nov. 12, 2025. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose for the third consecutive week, causing demand from both current homeowners and potential homebuyers to drop. Total mortgage application volume fell 5.2% last week compared with the previous week, according to the Mortgage…
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type…
In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie Mac, posted that they are “working on it,” and that it would be, “a complete game-changer.” The…
Billionaire real estate investor Barry Sternlicht had some harsh words for the newly elected mayor of New York City, Zohran Mamdani. Sternlicht is Chairman and CEO of Starwood Capital Group, which has both commercial and residential holdings and joint ventures in the city, as well as its own offices in Midtown Manhattan. Sternlicht blamed overly…
A ‘For Sale’ sign is posted beside property for sale in Alhambra, California. Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped for the fourth straight week last week, spurring both current homeowners and potential homebuyers to call their lenders. Total mortgage application volume increased 7.1% compared with the previous week, according…
Homes in the south suburban Chicago area on April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A home is most Americans’ single largest investment. The returns are losing ground. Home prices nationally rose 1.5% in August compared with the same month last year, down from the 1.6% annual gain recorded in…
An ‘Open House’ sign is posted near a single family home for sale on Aug. 22, 2025 in Pasadena, California. Mario Tama | Getty Images Sales of previously owned homes rose 1.5% in September from August to a seasonally adjusted, annualized rate of 4.06 million units, according to the National Association of Realtors. That is…
