Housing

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CNN

Supreme Court says US president can remove head of Federal Housing Finance Agency

(CNN) — The US Supreme Court said Wednesday that the US president can remove the head of a federal agency charged with overseeing mortgage giants Freddie Mac and Fannie Mae. The court invalidated the leadership structure of the agency, the Federal Housing Finance Agency, and sent a shareholder lawsuit back to the lower courts for further review.
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Congress & CourtsPosted by
The Hill

Democrats' narrow chance to retain control after 2022

The assumption among most politicians — and bettors — is that Republicans will win control of the House next year, perhaps the Senate too. It's reflected in the Democrats’ rushing to get anything done in this Congress, worried it's the last chance, and pressuring Supreme Court Justice Stephen Breyer to step down so they can tap a replacement. Republicans mainly want to thwart Joe Biden and not antagonize Donald Trump . Most even opposed a bi-partisan commission to investigate the Trump-inspired Jan. 6 mob assault on the Capitol.
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POTUSCNBC

He's 75 and facing eviction. Many other older renters are, too

Millions of Americans may soon be forced out of their homes when the national eviction ban lifts. Two of them are Andrew Cleland, 75, and his 82-year-old wife, Carol. They're among the 800,000 older renters who, even as the pandemic fades, are still behind on their payments. Andrew Cleland tries...
BusinessFortune

The lumber bubble burst. Here’s what comes next

After climbing to historic heights this spring, lumber prices are headed back down—fast. Last week the cash price per thousand board feet of lumber fell $211 to $1,113, according to industry trade publication Random Lengths. That's down 27% from its $1,515 all-time high on May 28. "We are in a...
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The Atlantic

The Pride Flag Has a Representation Problem

Since its first flight at 1978’s Gay Freedom Day Parade in San Francisco, the rainbow flag has evolved multiple times. That earliest iteration included pink and turquoise stripes, symbolizing sex and art, respectively—parts of queer life that the designers thought were worth fighting for. Later that year, though, the flag lost its pink stripe because of fabric unavailability at the local manufacturer, and turquoise fell off the year after for the same reason. The now-familiar six-stripe flag is actually a redesign.
Real EstateUSA Today

Good news for first-time homebuyers: Why more homes could go on the market this summer

There's a reason so many people have been frustrated this year in the course of buying homes – there just aren't many to choose from. In April, buyers were looking at a meager 1.1-month supply of available homes, according to RE/MAX. To compare, a more balanced housing market – one that doesn't favor buyers or sellers – has about four to five times that many homes available for sale.
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Relationship AdviceClinton Herald

Buying housing from a bestie

DEAR ANNIE: I need to put this out there, even if I’m overreacting and it is not my place. Recently, friends divorced, and some members of my family took different sides. Specifically, I became the ear for the wife to vent to when things got rough, while my sister-in-law, “Rebecca,” became the ear for the husband, “Sam,” to vent to.
Home & GardenPosted by
Redfin

Should You Buy a House with Popcorn Ceilings?

There are many variables that homebuyers, especially first-time homebuyers, must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn’t be a deal-breaker, but it is one more variable to consider and what to look for when buying a house.
Congress & CourtsPosted by
WashingtonExaminer

Biden fires Trump-appointed top housing regulator after being given authority by Supreme Court

President Joe Biden has fired the head of the Federal Housing Finance Agency after the Supreme Court handed him the power to do so on Wednesday. Director Mark Calabria's firing will be effective at 6 p.m. on Wednesday, the Washington Examiner has learned. Calabria, a staunch free-market advocate, was appointed by President Donald Trump to lead the FHFA in 2019.
Massachusetts StatePosted by
MassLive.com

House rejects Gov. Charlie Baker’s amendment on how Massachusetts will spend American Rescue Plan aid

House lawmakers on Tuesday unanimously rejected Gov. Charlie Baker’s amendments on how Massachusetts will spend the remaining $5.1 billion in federal aid. Instead, the House approved a proposal that would transfer most of the federal funding to the Legislature, leaving $200 million for the Baker administration to spend as it sees fit. The amendment makes no mention of any of the earmarks in housing production, downtown development or work training recommended by the Republican governor last week.