Federal layoffs are fueling an inventory surge in nation’s capital

Active listings in Washington, D.C., have surged 25.1 percent year over year, the largest jump on record and nearly double the national increase of 14.2 percent, new Redfin data released Wednesday shows. Continue reading

Federal judge saves HUD fair housing grants from DOGE cuts

A federal judge has temporarily blocked the Department of Housing and Urban Development from canceling 78 Fair Housing Initiatives Program grants. The judge’s decision comes as Democratic congressmembers demand HUD edit its cost-cutting plans. Continue reading

Pulte chair of Fannie, Freddie after 14 board members are purged

Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading

Democrats weighing government shutdown to protest DOGE cuts

As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to federal workforce and programs. Continue reading

DOGE’s moves could destabilize mortgage finance system

National Housing Conference President and CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae. Continue reading

Airbnb hosts leave site over co-founder’s DOGE work

Airbnb co-founder Joe Gebbia has pledged to work for the Department of Government Efficiency. Airbnb hosts aren’t happy about it. Continue reading

No, the Washington DC housing market isn’t crashing amid layoffs

A social media frenzy suggested government layoffs are tanking the housing market in the nation’s capital. But economists armed with data tell Inman it’s mostly business as usual in D.C. Continue reading

HUD to lay off approximately 4,800 employees under Trump plan

The U.S. Department of Housing and Urban Development will eliminate half of its workforce as part of the Trump administration’s latest effort to reduce federal costs, it announced Thursday. Continue reading

Trump nominates Jonathan McKernan as director of CFPB

President Donald Trump has nominated Jonathan McKernan as the new director of the Consumer Financial Protection Bureau (CFPB), a major move in the administration’s broader government restructuring. McKernan’s nomination has been sent to the Senate for … Continue reading

DOGE cost-cutting exposes risk to cities with federal office space

Impact on certain markets may be “profound,” attorneys warn, as federal agencies look to cut the size of their real estate footprint by as much as 50 percent under the Trump administration. Continue reading