New York City had this mayor's race, right. Uh the winner here is an AOC style Democratic socialist. Uh you've had your you in the primary. You've had your battles with various folks.You talk about what's wability and and what's a good campaign message. A lot of folks outside of New York are watching the race. There's a lot of different views of it.Inside New York, a big part of the message was populism, affordability, uh make this city livable for everybody. again uh a lot of people found that to be an upl ...

And returning now to President Trump's sweeping spending bill and Democratic governor sounding the alarm on the potential impacts of that legislation. Governor Wes Moore of Maryland calls it quote one of the worst bills for working families our country has ever seen. Governor Moore joins us now.Governor, thanks for taking time this morning to talk with us about this. You talk about this as a direct assault on your state by the federal government. As we're watching the way that this bill could change the way ...

Affordability Crisis & Political Response - A new "Lowering Costs Caucus" is launched by Democratic Congress members to address the affordability crisis impacting American people [1][2][4] - The caucus aims to combat President Trump's economic policies, particularly tariffs, which are perceived to increase costs for Americans [2][5][6] - Voters are primarily concerned with affordability issues, including the cost of childcare, groceries, and housing [3][5][6] - Some Democrats believe focusing on economics and affordability is key to winning elections [12] Policy & Implementation Challenges - The caucus plans to propose specific policies to address healthcare, childcare, and housing costs [19][20] - Members acknowledge the need for bipartisan solutions and hope to involve Republican colleagues [21] - There are challenges in creating a unified message on affordability due to differing political views and district needs [17][18] - Some policies, like "free buses" and "rent freezes," may be perceived as too socialist in certain districts [17] Political Strategy & Messaging - Democrats aim to present a proactive plan to address affordability, rather than solely criticizing the opposition [10][11] - The focus is on practical solutions that resonate with voters' everyday concerns [8] - The caucus emphasizes that solutions should be workable and not rely on the government paying for everything [20]

Fresh housing data just crossing. Diana Olic has that for us. Diana.Well, David, pending home sales in May rose 1.8% from April and were 1.1% higher than May of last year. That according to the realtors. This is a small beat.The street was actually looking for basically flat. Now, this count is based on signed contracts. So, people out shopping in May when mortgage rates were climbing and briefly went over 7% on the 30-year fix.Regionally, sales were strongest month-to-month in the Northeast and West, but c ...

Welcome back to Power Lunch. Some new data out this morning. Pretty gloomy picture of the housing market as new home sales fell nearly 14% in May.High mortgage rates and affordability are continuing to challenge buyers. And that was the biggest monthly drop in almost three years. Let's get some more insight on what's going on here with power broker Ryan Sirant, the founder and CEO of Sirand.And uh Ryan, I I can't res. So I mean we've we got all the developments in New York City in particular today, right. I ...

As college prices increase, more Americans are opting out of college. However, more students would likely return to college if given clearer and cheaper paths to a degree. https://t.co/0sxa1nwC6C ...

For more on this state of housing and mortgage demand, let's bring Matt Ishbia, CEO of United Wholesale Mortgage. The company is the number one mortgage originator in the country. Matt, it's great to have you back on the show.Welcome. Let's start right there. Is 7% the new normal.You know, I don't I don't know. I It seems like it's been there for a little while, but the the truth is you got to shop around. There's a lot of people that get rates at the six and a quarter, six and a half, and there's of course ...

You go to California and sometimes to get a building permit takes you 3 years. You know in New York it's impossible. So in my business it is much easier to build here.What worries me is affordability. The middle class and the working class where do they live. The moment that we build a mid-inccome or affordable housing product it gets consumed immediately.The demand is never ending because people do want to be close to their jobs. They just can't afford to be close to their job. Over the last 5 years, media ...

Homebuilder confidence fell in June, logging its third lowest reading since 2012. Buyers struggling with affordability stayed on the sidelines, even as builders lowered prices. https://t.co/ZRCgV2QSrL ...

Confidence among US homebuilders in June hit its lowest level since December 2022 as high mortgage rates and policy uncertainty hit wouldbe buyers. With more on the landscape for homebuilders, we have Katie Hubard, Walton Global's executive vice president of capital markets joining us now. So Katie, there was actually an expectation we would see sentiment rebound here.Clearly not the case. What does this tell us about where home builders and really the overall housing market stand right now. Yes.Hi Ally, th ...