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FHA loans to non-permanent residents quickly grew to represent 6% of mortgage issuances. The percentage was undoubtedly higher in places like the DFW area, where H-1B visa holders are disproportionately concentrated. I don’t have anything against people in America on H-1B visas. I’ve said it before—and I’ll say it again—that I’ve found many of them to be great people on an individual level, and I wish them all nothing but the best. Individual immigrants—especially those here legally—are not at fault for flawed US immigration policy. But this might be the most radicalizing thing I’ve ever seen. Not only are American...

Key FactsNew York lawmakers are planning the tax, Bloomberg reported, citing unnamed people familiar with the state budget negotiations who noted the proposal would be levied at 1% of the buying price and be paid by buyers. The legislators are also considering expanding the tax to $1 million or more cash purchases in the state that would incorporate the suburbs and upstate New York, Bloomberg added. The tax in New York City alone could generate up to $160 million, according to the unnamed sources Bloomberg cited. A spokesperson for Gov. Kathy Hochul, D-N.Y., told Bloomberg she “announced a general agreement...

🚨 New York AG Letitia James has been CRIMINALLY REFERRED to the DOJ for prosecution over homeowner insurance fraud BOTH locations where the referrals were sent "have long histories of SENDING POLITICIANS to PRISON" FHFA Director Bill Pulte led the charge "The documents are very clear, the evidence is really strong, some of it is court records. Bill Pulte did his homework! She's in a world of trouble!" Do you firmly support this? A. Huge Yes B. No IF Yes, Give me a THUMBS-UP👍!! MAKE THIS GO VIRAL ON 𝕏. LET’S GO 👏

For generations, Americans viewed homes as more than assets. They were the physical foundation of family stability, equity-building, and civic continuity — the bedrock of a middle-class society rooted in dispersed private ownership. Owning a home was analogous to owning a piece of the American Dream itself: a symbol of citizen sovereignty and national agency. That understanding is fading. Recently, while selling a property, I encountered a buyer who presented himself as a flipper. The contract revealed something else: minimal earnest money, aggressive escape clauses, cash-only terms, and assignment language that treated the deal more like a tradable derivative than...

A former New York Supreme Court justice and a Brooklyn real estate developer have been charged in an alleged $6.5 million investment fraud scheme tied to a purported New Jersey commercial real estate deal, according to a federal criminal complaint unsealed in the Eastern District of New York. Federal prosecutors said former Kings County Supreme Court Justice Edward Harold King and developer Sam Sprei, also known as Yechiel Sprei, Shimon Sprei and Eli Shapiro, conspired to defraud investors by falsely claiming their money would be securely held in escrow for a bankruptcy-related property auction in Freehold, New Jersey. According to...

White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth. The analysis, part of the Economic Report of the President, outlines both a political risk and a messaging opportunity for President Donald Trump, whose public approval has slumped because of concerns about his tariffs, the Iran war and his unfulfilled promises to slash inflation and unleash stronger growth. Trump signed two executive orders in March directing federal agencies...

San Diego is one of the nation’s hottest housing markets, with average home prices hovering around $1 million and rents for a one-bedroom apartment topping $2,000 a month. Yet city officials estimate that more than 5,000 properties sit empty most of the year, which some advocates argue worsens the city’s housing shortage and affordability crisis. So California’s second-largest city is set to take dramatic action. In a few weeks, San Diego voters will decide whether to become the latest California municipality to tax vacant homes

The weather might have been extreme this winter in Manhattan, but the snow didn’t stop deep-pocketed home buyers, according to a host of market reports released this week. In the first quarter, demand for homes across the New York City borough priced between $10 million and $20 million jumped, with transactions surging 47.4% compared to the same time last year, according to data from Compass. “Despite broader market slowdowns, the luxury market continued to outperform expectations,” the report, released Tuesday, said. Townhouses in particular had a strong start to the year, according to Jonathan Miller, president and CEO of Miller...

As a cofounder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his expertise in tech. But for a while now, the billionaire venture capitalist is sounding the alarm on an entirely different sector: real estate.During an interview with Common Wealth Canada in late 2024, Thiel drew upon the insights of 19th-century economist Henry George to underscore the gravity of America’s real estate crisis (1).snip“The dynamic ends up being that you add 10% to the population in a city, and maybe the house prices go up 50%, and maybe people’s salaries go up, but...

The U.S. Supreme Court will hear a case on Wednesday over whether tax foreclosure sales are constitutional. Pung v. Isabella County [Michigan] involves the rights of a foreclosed upon homeowner to receive equity back when their home is sold over a tax foreclosure. The dispute comes between the Pung family and Isabella County, Michigan, over real estate taxes on a home the Pungs owned. A judge determined that the Pungs owed about $2,200 in taxes and allowed the government to auction off their home for $76,000. An individual purchased the Pungs' home from the government and later sold it for...

San Francisco just dropped a $300,000 sprinkler mandate on 9,800 condo owners — and that’s just the beginning. California homeowners are now facing a stack of unfunded mandates that could cost half a million dollars per property. No vote. No public funding. No way out. In this video I expose how a failed San Francisco politician got a $300,000 per unit fire sprinkler retrofit mandate passed after it was defeated TWICE — by burying it in a routine fire code update. I reveal why the sprinkler fitters union is blocking repeal, how the national plumbers union is pushing this mandate...

STOPPING WALL STREET FROM COMPETING WITH MAIN STREET HOMEBUYERS: Today, President Donald J. Trump signed an Executive Order to protect the American Dream by making sure that large institutional investors do not buy single-family homes that could otherwise be purchased by families.The Order directs key agencies to issue guidance preventing relevant Federal programs from approving, insuring, guaranteeing, securitizing, or facilitating sales of single-family homes to institutional investors.The Order instructs key agencies to promote sales to individual owner-occupants through first-look policies (which give individuals and other non-institutional investors the opportunity to buy foreclosed properties before investors do), disclosure requirements, and anti-circumvention...

President Donald Trump’s mass deportation policies are not the only reason for the decline, but they are a big contributing factor. Enforcing immigration law and allowing more homes to be built are doing more for renters than slogans and rent control ever did. I

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Who could have guessed that prices have anything to do with supply and demand? Not me. I used to think so, but after I got into an argument with a liberal friend of mine after I suggested that the housing crisis was related to the surge in illegal immigration, and he exploded at me, I changed my mind. His emotional response was very convincing. Well, it turns out that reality really doesn't respond as one would expect to emotional outbursts, and when demand drops due to fewer people seeking limited resources, prices really do fall. Los Angeles is one of...

An Arizona Democratic Party official has come under fire after he was seen chasing young women and screaming obscenities after they took a photo with ICE agents in Arizona. Mark Holodnak, a local Realtor and the Legislative District 12 Democratic Party Treasurer, was caught on camera with a group of leftists harassing the girls after they reportedly took a photo with agents at Zipps Sports Grill, a popular Valley restaurant chain, that has come under investigation for federal law violations likely related to immigration. 15 locations have been shut down since Monday, and anti-ICE protesters have shown up at the...

Keep on printing money. It seems that home price growth requires The Fed to keep printing money. S&P/Case-Shiller released the monthly Home Price Indices for November (“November” is a 3-month average of September, October and November closing prices). September closing prices include some contracts signed in July, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA). From S&P S&P Cotality Case-Shiller Index Reports Annual Gain In November 2025 From S&P S&P Cotality Case-Shiller Index Reports Annual Gain In November 2025 The S&P Cotality...

Its some kind of wonderful … for home buyers. Home sellers outnumbered buyers by 47.1% in December 2025, the largest gap since Redfin data began in 2013. The percentage jumped by +7.1 points from November, the biggest monthly increase since September 2022. The number of active homebuyers fell -5.9% MoM to 1.34 million, the lowest level on record. Meanwhile, home sellers declined -1.1% MoM to 1.97 million, the lowest since February 2025. By comparison, in November 2021, there were 36.5% fewer sellers than buyers. This all comes as elevated housing costs and economic uncertainty continue to push buyers to the...

Residents in a trendy apartment building in Denver, Colorado say their peaceful lives turned into a nightmare when homeless families were given free apartments next door. Owen Johnson, a 25-year-old from Missouri, says he moved into the White Swan apartment building near the city's Congress Park in May with his wife. But Johnson says their honeymoon period after tying the knot was quickly ruined when a homeless man was given a state housing voucher to move into the apartment next to theirs, and he says it dawned on them the tenant 'was crazy.'

For millions of Americans, buying a home no longer feels like a goal. It feels like a gamble they are destined to lose. Prices rise faster than savings. Mortgage payments outpace wages. Each rejected offer chips away at confidence.Donald Trump says that cycle must stop.His plan to ban large institutional investors from buying houses has struck a nerve across the US. It speaks directly to people who believe the housing market no longer serves them.The message is blunt. Homes are for people, not corporations.A Promise Built on FrustrationFor many, housing affordability defines their daily lives. Their circumstances have changed; many...