All ri >> ALL RIGHT. WELCOME BACK EVERYBODY. HOUSE REPUBLICANS ARE PUSHING BACK AFTER THE SENATE PASSED A HOUSING BILL WITH A STRONG BIPARTISAN MAJORITY.JOINING US RIGHT NOW IS REPUBLICAN CONGRESSMAN FRENCH HILL OF ARKANSAS. HE IS THE CHAIRMAN OF THE HOUSE FINANCIAL SERVICES COMMITTEE, WHICH, BY THE WAY, CAME UP WITH ITS OWN BILL THAT ALSO PASSED WITH STRONG BIPARTISAN SUPPORT. CONGRESSMAN HILL, THANK YOU FOR BEING WITH US THIS MORNING.IT'S GOOD TO SEE YOU. >> YOU BET. BECKY, GOOD TO BE WITH YOU.>> TALK ME ...

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, >> there's no way that President Trump's going to back down until he sees us through to the end.>> National Economic Council Director Kevin Hasset on the president's resolve in the Iran war and the outlook. >> The timeline that President Trump has stated over and over is that it's a four to six week uh war and that we're ahead of schedule. Then Kentucky Senator Rand Paul as chair of the Homeland Security Committee.He is ...

Core Insights - The housing market is facing a significant crisis, particularly in terms of affordability and supply, with first-time home buyers making up 25% or less of purchases, and the median age for average buyers rising to 56 years old [10][11] - The new show "Property Brothers Under Pressure" aims to highlight the relatable struggles families face in the current housing market, showcasing real stories of those affected by the housing crisis [4][5] Housing Affordability - The current state of affordable housing is the worst in modern history, with a shortage of approximately 4 million houses needed for a healthy supply [10][14] - Families are increasingly forced to live together to afford housing, and many are renovating their existing homes instead of buying new ones due to high costs [6][14] Government and Supply Issues - Government roadblocks and a lack of incentives for developers to build affordable housing are major challenges contributing to the housing crisis [12][15] - There is a need for financing programs that encourage the construction of affordable housing, as well as streamlined permit processes to expedite development [8][17] Renovation Trends - Renovation activity has increased by 30-40% as homeowners opt to improve their current properties rather than purchase new ones [14] - There is a growing demand for specialty rooms in homes, such as home gyms and relaxation spaces, as people seek to reduce monthly expenses and enhance their living environments [29][30] Market Dynamics - The current market dynamics indicate that even with lower interest rates, the lack of housing supply limits the impact of these changes on buyer behavior [15] - Homeowners are advised to make smart financial decisions when renovating or purchasing homes, focusing on value-adding renovations rather than emotional choices [24][25]

The spring housing market is finally upon us, and that should mean more for sale signs popping up in your neighborhood. Now, this year isn't expected to be super strong, but there are signs of optimism, at least among sellers. Some of those who gave up last year are now jumping back in.Nearly 45,000 homes that were delisted last year were listed for sale in January, and that's according to Redfin, a real estate brokerage. That is the highest January figure since Redfin began tracking this metric a decade ag ...

WEALTH, HE SAID. IT'S NOT HAPPENING. PEOPLE ARE AGAIN, QUOTE, STUCK.>> ALL RIGHT, DIANA, THANK YOU. OUR NEXT GUEST SAYS THE AMERICAN DREAM HAS MOVED ON FROM HOMEOWNERSHIP TO NEVER LEAVE YOUR HOME IF YOU'RE LUCKY ENOUGH TO OWN ONE. RYAN SERHANT IS FOUNDER AND CEO OF SIRHAN REAL ESTATE AND EXECUTIVE PRODUCER OF OWNING MANHATTAN.RYAN, IT'S GREAT TO SEE YOU AGAIN. I MEAN, JUST PICK IT UP WHERE DIANA LEFT OFF AND WHAT LAWRENCE IS SAYING, BECAUSE I THINK YOU'RE SAYING SOMETHING VERY SIMILAR. >> THE WORD CRISIS IS ...

Core Insights - The U.S. housing market is facing challenges due to high home prices, declining supply, and weakened consumer confidence [1] Sales Performance - Sales of previously owned homes in January fell by 8.4% from December to an annualized rate of 3.91 million, marking a 4.4% decrease compared to January 2025, the slowest pace since December 2023 [2] - The decline in sales was most pronounced in the South and West regions of the U.S. [3] Affordability and Supply - The National Association of Realtors (NAR) reported that affordability conditions are improving, with the Housing Affordability Index indicating the most affordable housing since March 2022, driven by wage gains outpacing home price growth and lower mortgage rates [4] - Despite improvements in affordability, housing supply remains low, with 1.22 million homes for sale at the end of January, representing a 3.7-month supply, below the balanced market threshold of six months [4] Home Prices and Market Dynamics - Tighter supply has kept home prices positive, with the median home price in January at $396,800, a 0.9% increase year-over-year and the highest January price on record [5] - Homes are taking longer to sell, averaging 46 days in January compared to 41 days in January of the previous year [5] - The market is seeing stronger sales in the higher-end segment, particularly for homes priced over $1 million, while sales for homes priced below $250,000 have dropped significantly [6]

The housing affordability problem is an availability problem. The supply side of the market has been far depressed for far too long. We Zillow estimates we are 5 million homes underbuilt.We've been accumulating this deficit since the global financial crisis, which is why the 21st Century Housing Act that came out from the House yesterday, we think is a great step towards that. We were really pleased to see how focused that is on supply, on streamlining permitting, regulatory reform to get it easier to build ...

South Korea will accelerate a boost to housing supply in the Greater Seoul area, broadening its response to a yearlong rally in apartment prices after a raft of earlier measures to curb speculative demand proved insufficient https://t.co/x950ogr3Y5 ...

Core Insights - President Donald Trump is expected to announce housing reforms aimed at lowering borrowing costs, increasing housing supply, and facilitating homebuyer market entry, though the effectiveness of these plans in restoring affordability remains uncertain [1][9] Housing Demand and Supply - Economists emphasize the need to create more housing to address affordability issues, with Ed Brady, CEO of the Home Builders Institute, stating that increasing housing supply is essential [2][4] - Trump's proposals may inadvertently increase demand for housing, potentially driving prices higher rather than improving affordability [3][9] - The U.S. housing market is estimated to be short by 3 million to 4 million homes, highlighting the critical need for increased supply [8] Policy Proposals - One proposal includes instructing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to lower mortgage rates, which has had a slight effect on rates but may not significantly impact housing prices [5][6] - Suggestions to ban large institutional investors from buying single-family homes may have limited impact, as they own less than 0.5% of total housing stock [6] - Experts suggest easing permitting and zoning restrictions to lower construction costs, as regulations account for nearly 25% of the cost of a single home [10][11] Labor and Construction Challenges - A labor shortage in the construction industry, exacerbated by immigration enforcement, is preventing the construction of approximately 19,000 homes annually, with a $10 billion impact on the housing market [12] - Addressing labor shortages is crucial for increasing housing inventory and meeting demand [12] Legislative Efforts - Congressional legislation, including the ROAD to Housing Act and the 21st Century Act, aims to address both supply and demand issues by encouraging local governments to approve housing projects [16] - While these legislative packages are seen as steps toward modernizing federal housing law, skepticism remains regarding their potential to significantly improve supply [17]

Core Insights - The number of homeowners with mortgages above 6% has surpassed those with rates under 3% for the first time, indicating a significant shift in the housing market dynamics [1][4]. Group 1: Mortgage Rate Trends - The last period when mortgage rates were below 3% was from July 2020 to September 2021, and rates have not fallen below this threshold since 1971 [2]. - As of the third quarter of 2025, 20% of outstanding mortgages had an interest rate below 3%, while 21.2% had rates above 6% [3][4]. - Approximately 31.5% of outstanding mortgages carry interest rates between 3% and 4%, 17.1% fall in the 4% to 5% range, and 10.2% are between 5% and 6% [6]. Group 2: Market Dynamics and Home Prices - The prolonged lock-in effect is diminishing as fewer homeowners retain low borrowing rates, which is expected to gradually change market dynamics [6][8]. - Despite some improvements in housing supply, about 80% of outstanding loans still carry below-market rates, making homeowners reluctant to sell and buy again due to significantly higher potential monthly payments [8]. - The market is moving towards a more balanced state, with additional supply easing affordability challenges and some local markets classified as a "buyer's market" [10][11].