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Union Sues to Halt DOGE Access and Work Stoppage at CFPB

Union Sues to Halt DOGE Access and Work Stoppage at CFPB

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A labor union representing workers in the Consumer Financial Protection Bureau (CFPB) has filed two lawsuits against Acting Director Russ Vought’s efforts to stop work at the regulatory agency. Axios reports the National Treasury Employees Union (NTEU) filed its...
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to the latest data from the California Association of Realtors’ Housing Affordability Index. This is down...
New Initiative to Raise College Student Awareness of Commercial Real Estate Careers

New Initiative to Raise College Student Awareness of Commercial Real Estate Careers

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) is partnering with the Pension Real Estate Association (PREA) Foundation in an endeavor to encourage college students to consider careers in the commercial real estate finance industry. The partnership will highlight MBA’s and...
CFPB’s Vought Stops Fed Funding for Agency, Closes Agency HQ for the Week

CFPB’s Vought Stops Fed Funding for Agency, Closes Agency HQ for the Week

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Russ Vought, the new acting director of the Consumer Financial Protection Bureau (CFPB), has informed the Federal Reserve it will not be requesting funds to finance its operations for Fiscal Year 2025 while informing the agency’s workforce that its headquarters will...
Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants

Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk announced the Department of Government Efficiency (DOGE) identified an unauthorized $59 million allocation by the Federal Emergency Management Agency (FEMA) for the lodging of migrants in New York City hotels. “The @DOGE team just discovered that FEMA sent...
HUD’s Turner Stops Enforcement of Gender Identity Rule, Declaring ‘There Are Only Two Sexes’

HUD’s Turner Stops Enforcement of Gender Identity Rule, Declaring ‘There Are Only Two Sexes’

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The newly sworn-in Secretary of Housing and Urban Development (HUD) Scott Turner issued an order directing his department to halt any pending or future enforcement actions related to the 2016 rule entitled “Equal Access in Accordance with an Individual’s Gender...
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