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• Trump’s first-term budget requests could foreshadow the future of HUD funding Feb. 04th 2025
  President Donald Trump penned a memo last week that called for a review of 100 programs administrated by the Department of Housing and Urban Development (HUD). His first-term budget requests provide clues for how he thinks about HUD funding

• Zillow’s Orphe Divounguy says homebuilders need help to address affordability Feb. 04th 2025
  In a new episode of the Top of Mind podcast, host Mike Simonsen sits down with Orphe Divounguy, senior economist at Zillow. They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more.

• State Farm seeks 22% rate hike in California after LA fires Feb. 04th 2025
  The largest insurer in California claims it is in a “dire” financial situation after paying out $1 billion to customers impacted by the fires.

• Five housing market trends to keep an eye on in 2025 Feb. 04th 2025
  The U.S. housing market underwent five years of changes that are complicating the homebuying process. Emerging from the pandemic, the chronic lack of inventory disrupted the principles of supply and demand, causing housing prices to soar. Because the Federal Reserve kept interest rates too low for too long during the pandemic, homebuyers are in a hangover period following one of the largest housing booms in modern history. With elevated mortgage rates, we anticipate continued growth in listing inventory, a slowdown in housing price appreciation and ongoing innovations to assist professionals and consumers. Here are the five major trends that I expect for 2025.

• U.S. strikes deal with Canada to pause tariffs for one month Feb. 03rd 2025
  Canadian President Justin Trudeau announced Monday afternoon that the U.S. and Canada have agreed to pause for one month the 25% tariffs that President Donald Trump placed on Canadian goods. That came mere hours after Trump and Mexican President Claudia Sheinbaum agreed to pause paused 25% tariffs on Mexico.

• U.S. home-price growth softens, but the LA wildfires hinder a broader market recovery Feb. 03rd 2025
  Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels.

• Ownwell partners with Valon on property tax monitoring service Feb. 03rd 2025
  Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services.

• Weak demand is forcing more home sellers to reduce their asking price Feb. 03rd 2025
  As inventory builds with fewer offers from homebuyers, more sellers feel the need to reduce the asking price of the homes for sale.

• Mortgage rates remain flat despite tariff drama Feb. 03rd 2025
  Lead Analyst Logan Mohtashami looks at what has to mortgage rates since Trump announced tariffs on Friday through negotiations Monday.

• Milwaukee housing authority reportedly ‘misused’ millions in federal funds Feb. 03rd 2025
  The organization has entered into a new partnership with HUD to shore up deficiencies, including a purported misuse of $2.8 million in federal funds.