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U.S. Home Prices Decline in Most Major Cities as Housing Market Cools

U.S. Home Prices Decline in Most Major Cities as Housing Market Cools

The U.S. housing market is experiencing a cooling trend, with home prices per square foot falling year-over-year in 36 of the 50 largest U.S. metro areas in August. A Realtor.com analysis revealed that the nationwide price per square foot declined for the 10th consecutive month, dropping 1.8% from a year earlier. Median list prices decreased across three of the nation's four major regions: 3.6% in the Northeast, 2.6% in the South, and 2.1% in the West, while prices remained flat in the Midwest. The steepest declines were observed in Austin (down 8.1%), Tampa (down 5.6%), and Memphis (down 4.1%). Conversely, Providence, Rhode Island, saw the largest increase at 9.3%, followed by Indianapolis (4.4%) and Chicago (3.6%). High mortgage rates are cited as a primary factor contributing to affordability challenges, prompting sellers to reduce prices.

Ted Cruz's 'A' Grade for President Trump's Economy Draws Groans on 'The View'

Ted Cruz's 'A' Grade for President Trump's Economy Draws Groans on 'The View'

During an appearance on 'The View,' Senator Ted Cruz graded President Trump's economic performance and handling of prices with an 'A,' which was met with immediate groans and disagreement from the hosts and audience. Host Sunny Hostin pressed Cruz for a specific grade, and despite initial reluctance, he ultimately gave the 'A.' Joy Behar challenged Cruz, stating, 'No, come on. Come on, it's us. It's just us,' implying a call for honesty among familiar faces. Cruz defended his stance by acknowledging the hosts' dislike for President Trump but asserted that differing views are part of democracy. He cited gas prices, tax cuts, and investments as positive economic indicators under the Trump administration, even as current gas prices are noted to be higher again.

President Trump's Pressure on Federal Reserve Chair Kevin Warsh Raises Credibility Concerns

President Trump's Pressure on Federal Reserve Chair Kevin Warsh Raises Credibility Concerns

President Trump's repeated calls for sharp interest rate cuts and threats against the Federal Reserve are creating a credibility challenge for current Fed Chair Kevin Warsh. President Trump has publicly stated that the U.S. should have the lowest interest rates globally and has threatened to halt trade with countries if the Fed does not comply. This pressure comes despite strong economic indicators, such as robust August payroll gains, which typically suggest a need for rate adjustments to manage inflation. Warsh, appointed by President Trump, has been perceived as leaning hawkish in his recent Jackson Hole speech, suggesting a potential rate hike. This situation puts Warsh in a difficult position, as he must balance the Fed's independent mandate with the President's public demands.

Trump's $5,000 dividend plan draws some Republican skepticism

Trump's $5,000 dividend plan draws some Republican skepticism

By Jacob Bogage WASHINGTON, Sept 10 (Reuters) - President Donald Trump's promise to send U.S. adults $5,000 "dividend" checks if his party keeps control of Congress in November's midterm elections drew a cool reception from some Republicans on Thursday, with several lawmakers saying it would spike

Congresswoman Pressley, Senator Warren, and Congressman McGovern Tout Historic Housing Law in Worcester

Congresswoman Pressley, Senator Warren, and Congressman McGovern Tout Historic Housing Law in Worcester

Congresswoman Ayanna Pressley (MA-07), Senator Elizabeth Warren (D-MA), and Congressman James P. McGovern (MA-02) visited the Worcester YMCA to discuss the recently enacted 21st Century ROAD to Housing Act. This historic legislation aims to address the housing crisis by facilitating new housing construction, lowering housing costs, and, for the first time, countering private equity firms from purchasing single-family homes. The lawmakers highlighted the law's provisions, which include four bills led by Congresswoman Pressley. These bills focus on addressing bias in home appraisals, expanding affordable housing options, strengthening oversight of corporate landlords, and helping families achieve financial stability. The 21st Century ROAD to Housing Act passed Congress in June 2026 and became law despite President Trump's refusal to sign it. The discussions also covered the development of Grandfamily Villages, an initiative by Senior Connection to provide affordable housing for seniors and their families in ...

Agriculture Secretary Brooke Rollins Addresses Food Price Increases, Credits Trump Administration Policies

Agriculture Secretary Brooke Rollins Addresses Food Price Increases, Credits Trump Administration Policies

Agriculture Secretary Brooke Rollins stated that President Trump is actively working to alleviate the burden of rising food prices for American families. Speaking at the Republican midterm convention in Dallas, Rollins acknowledged the ongoing public concern regarding grocery costs. She attributed a roughly 25% increase in food prices to the previous administration, contrasting it with a reported 2.5% increase during President Trump's two years in office, noting that some prices have reached their lowest in five years. Rollins highlighted a reversal in price trends, citing decreased government spending, deregulation, tax cuts, and a reduction in government size as factors contributing to inflation control. She specifically mentioned price reductions for chicken, berries, cheese, and other dairy products. Rollins also praised the 'Make America Healthy Again' movement for increasing demand for fresh food, observing that beef consumption is at an all-time high despite price stability. She noted a significant ...

Trump, hoping to salvage midterms, makes dubious pledge to give every US adult $5,000 if GOP wins

Trump, hoping to salvage midterms, makes dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump says he plans to give every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections

Trump widens trade war with Canada beyond tariffs. Here’s what to know

Trump widens trade war with Canada beyond tariffs. Here’s what to know

The United States has sharply escalated its trade war with Canada, banning some Canadian dairy products and motorcycles and most alcoholic beverages after retaliatory Canadian tariffs took effect on about $20 billion in U.S. goods

President Trump Threatens Trade Halt Amidst Federal Reserve Rate Hike Speculation

President Trump Threatens Trade Halt Amidst Federal Reserve Rate Hike Speculation

President Trump has renewed threats to halt trade with America's top partners unless the Federal Reserve cuts interest rates. This statement follows a surprisingly strong August jobs report, which indicated that the Federal Reserve might consider hiking rates at its next meeting. U.S. markets were closed for Labor Day, but the jobs data, showing an increase of 162,000 nonfarm payrolls in August, significantly exceeded expectations. This robust employment data has fueled speculation about a potential rate hike, leading to increased pressure from President Trump on the Fed's monetary policy decisions. The President's stance introduces a new layer of uncertainty into the economic outlook, particularly concerning international trade relations and domestic financial markets.

President Trump Expresses Frustration Over Inflation Concerns Despite Positive Jobs Report

President Trump Expresses Frustration Over Inflation Concerns Despite Positive Jobs Report

President Trump voiced strong frustration regarding inflation and interest rates, despite a surprisingly positive August jobs report showing 162,000 new jobs. Speaking from the Oval Office, President Trump criticized financial markets, the Federal Reserve, and U.S. trade partners. He rejected the economic concept that a strong jobs report could contribute to inflationary pressures, stating, 'Success does not cause inflation. Stupidity causes inflation.' President Trump also declared it 'crazy' that stock markets fell due to inflation concerns. This reaction comes as his administration has spent the past week attempting to bolster public confidence in the economy. The President has consistently promised an economic boom, but his second term has been marked by a drop-off in hiring and higher prices, challenging his pledge for historic growth. The economy has grown at approximately 2% annually, which is slower than the growth observed during the Biden administration.

President Trump Threatens to Bar Canadian Aircraft Maker Bombardier from U.S. Market

President Trump Threatens to Bar Canadian Aircraft Maker Bombardier from U.S. Market

President Trump has issued a warning to Canadian aircraft manufacturer Bombardier, stating that the company will no longer be permitted to sell its products in the United States unless it establishes manufacturing operations within the country. This declaration was made via a post on his Truth Social account, where President Trump criticized Bombardier's products and accused the company of benefiting from American buyers and infrastructure without contributing domestically. He asserted that if Bombardier wishes to access the U.S. market, it must build its products there and cease treating America as a 'piggybank.' This is not the first instance of President Trump targeting Bombardier; in January, he threatened a 50% tariff on Canadian aircraft sold to the U.S. and considered decertifying Bombardier aircraft, citing Canada's alleged refusal to certify certain U.S.-made Gulfstream planes. Bombardier, founded in 1942, expanded into the aerospace sector in 1986 with the acquisition of Canadair.

Fox Business Correspondent Warns President Trump Against Focus on Renaming States and Lakes, Citing Potential Midterm Losses

Fox Business Correspondent Warns President Trump Against Focus on Renaming States and Lakes, Citing Potential Midterm Losses

Charles Gasparino, a senior correspondent for Fox Business, has issued a public warning to President Trump regarding his current political priorities. Gasparino expressed concern that President Trump's focus on renaming geographical locations, such as Lake Ontario to 'Lake America' and suggesting 'New America' for New Mexico, is a misdirection from issues that matter to voters. He also criticized President Trump's frequent attacks on Hassan Piker. Gasparino believes these actions are detrimental to the Republican Party's prospects in the upcoming midterm elections. He emphasized that while the economy shows some positive top-line numbers, the administration's focus on tariffs has complicated the narrative around elevated prices, and the war in Iran is currently a net negative. Democratic New Mexico Governor Michelle Lujan Grisham has dismissed President Trump's suggestion to rename her state, highlighting that New Mexico's name predates the United States and accusing President Trump of attempting to distra...