Joining us on set with a look at real estate, New York City politics, and so much more. Scott Reckler is the chairman and CEO of RXR. He's also a director of the board of the New York Fed.And there's a whole lot to get to. I want to get to the politics in New York and everything else, but let's just start on the housing issue because everyone's talking about affordability, affordability, affordability. President's been quite public about his ideas that, you know, he doesn't say it, but folks like Blackstone ...

Google co-founder Sergey Brin has contributed $20 million to a new effort aimed at tackling housing affordability in California, one of his largest and most visible political contributions https://t.co/x7fziSqoxi ...

Core Viewpoint - President Trump is directing representatives to purchase $200 billion in mortgage bonds to lower interest rates and housing costs, leveraging cash reserves from Fannie Mae and Freddie Mac [1][2] Group 1: Mortgage Bond Purchases - The proposed purchase of $200 billion in mortgage bonds aims to make homeownership more affordable by reducing interest rates and monthly payments [1] - The specific identity of the "representatives" and the executing entity for the bond purchases remains unclear [1] Group 2: Impact on Housing Market - This proposal follows Trump's earlier statement about banning large institutional investors from buying single-family homes, which some economists believe may not significantly enhance housing affordability [2] - The potential market impact of the bond purchase proposal is uncertain and will require further observation as the situation develops [2]

Housing Market Sentiment and Affordability - Homebuilder sentiment remains negative despite a slight increase this month [1] - The Trump administration plans to release affordable housing plans in the new year [1] - Zelman highlights the complexity of housing affordability, emphasizing collaborative discussions between the administration and the industry [3] - Bottlenecks and inflation at the local municipality level (impact fees, approval delays) pose a significant challenge to improving housing affordability [4] - Federal government intervention in local politics is needed to make a substantial impact on housing affordability [4] Interest Rates and Monetary Policy - The Federal Reserve controls short-term interest rates, while 30-year mortgage rates are tied to the 10-year Treasury yield [5] - Several Fed rate cuts have not resulted in a corresponding decrease in 30-year mortgage rates [5] - Potential measures to improve rates include adjusting loan level pricing adjustments (LLPAs) and the Fed buying mortgage-backed securities (MBS) [6] - A significant reduction in mortgage rates in 2026 is unlikely [6] Tariffs and Construction Costs - Initial concerns that tariffs would increase home production costs by $5,000 to $10,000 per door have not materialized for large public builders [8] - Large public builders have used their size and scale to push back on trades, manufacturers, and suppliers, absorbing tariff costs [9] - New home prices have declined this year due to incentives like mortgage rate buydowns [10] - Reversing tariffs may benefit suppliers and manufacturers more than consumers [10]

RT Nick Szabo (@NickSzabo4)@btcquokka @ClareONeilMP Problem is, in those same gold terms, median wages have gone down a great deal more than housing prices have gone down. So housing affordability is indeed considerably worse than it was in 1971. ...

Housing Affordability - The article discusses whether Americans can prioritize housing affordability [1] Social Commentary - The opinion piece is shared via Twitter [1]

Donald Trump floated 50-year mortgages as a salve for housing affordability and was roundly criticized. On Everybody’s Business, we explore whether he was on to something https://t.co/cxll4rWnHn ...

All right, we are back now with President Trump's controversial new idea to help with housing affordability, a 50-year mortgage. It comes on the heels of a report from the National Association of Realtors saying the age of the typical new home buyer is now at an all-time high of 40 years old. Brian Chung is here now.And Brian, walk our viewers through how a 50-year mortgage would work. Yeah, Tom, mortgage brokers are telling me this might help a few buyers here and there. There is no question, however, that ...

This barely moves the needle on housing affordability.A $500k mortgage would be ~$3,160/mo over 30 years and $2,793/mo over 50 years.Just an 11% reduction in the monthly payment + an additional $538,200 in interest for the 50Y mortgage.Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts):Donald J. Trump Truth Social Post 02:10 PM EST 11/08/25 https://t.co/GCoYZdS1yA ...

We begin with the New York City mayoral race where Zuran Mandani continues to hold momentum, build momentum with Democratic endorsements. This week, he picked up support from the chair of the Congressional Black Caucus, New York Congresswoman Ivet Clark, New York State Assembly Speaker Carl Hasty, and Governor Kathy Hokll. The governor made her endorsement official with an essay in the New York Times, writing that she is quote confident that Mamani has the courage, urgency, and optimism New York City needs ...