Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his ...

Scott Bessent has declared that the US housing market is currently in a “recession,” attributing this downturn to the Federal ...

The funding is necessary to create an emergency state reserve that will respond to millions of dollars in federal cuts to ...

US Treasury Secretary Scott Bessent said there are sectors of the US economy that are in a recession, and added that Federal ...

Demand has shrunk in recent months because of ongoing affordability issues keeping homebuyers to the sidelines of the market, ...

Housing rates for younger generations have fallen since the 2008 financial crash and are lower than they have been in ...

Over the weekend, top federal housing official Bill Pulte floated the idea of a 50-year mortgage with President Trump.

Speaking at the ResiDay conference, Bill Pulte said President Donadld Trump avoids D.C. groupthink, but "these other people, ...

Powell acknowledged the Federal Reserve kept purchasing mortgage-backed securities (MBS) for too long—but he’s also unsure how much it actually contributed to the housing boom.

Treasury Secretary Scott Bessent blamed the Federal Reserve's cautious approach to interest rate cuts for the state of the ...

The Federal Reserve announced its second interest rate cut of the year on Wednesday, reducing the benchmark rate by a ...