Political Capital

Housing

Senator John McCain, a Republican from Arizona, during an interview in Washington D.C.

Photograph by Julia Schmalz/Bloomberg

Senator John McCain, a Republican from Arizona, during an interview in Washington D.C.

McCain’s Yellen No-Vote: Math Underwater

Sen. John McCain says he will oppose Janet Yellen for Federal Reserve chair. The Republican senator from Arizona gave this reason today for opposing the current vice chair of the Fed to succeed outgoing Chairman Ben Bernanke: “Because of what’s...

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Representative Mel Watt, a Democrat from North Carolina and U.S. President Barack Obama's nominee as director of the Federal Housing Finance Agency (FHFA), during a Senate Banking Committee nominations hearing in Washington, D.C., on June 27, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Mel Watt, a Democrat from North Carolina and U.S. President Barack Obama's nominee as director of the Federal Housing Finance Agency (FHFA), during a Senate Banking Committee nominations hearing in Washington, D.C., on June 27, 2013.

Watt’s Housing Fate Rests with Obama: Republican Burr Says

The fate of any renewed effort to confirm North Carolina Democratic House member Mel Watt to lead the federal agency that oversees Fannie May and Freddie Mac rests with the White House, Watt’s home-state Republican senator says. “That’s up to...

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White House Press Secretary Jay Carney at the White House.

Photograph by Mark Wilson/Getty Images

White House Press Secretary Jay Carney at the White House.

Carney’s ‘Talking Points:’ ‘Politics’

“Talking points have been given a bad name.” – Jay Carney, White House spokesman. He who deals in the daily dissemination of talking points laughed today as he delivered that line in the White House press briefing room, while delivering...

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Chairman and CEO of Lehman Brothers Richard Fuld Jr. gets into his car as he is followed by protesters after a hearing before the House Oversight and Government Reform Committee on Capitol Hill on October 6, 2008 in Washington, DC.

Photograph by Alex Wong/Getty Images

Chairman and CEO of Lehman Brothers Richard Fuld Jr. gets into his car as he is followed by protesters after a hearing before the House Oversight and Government Reform Committee on Capitol Hill on October 6, 2008 in Washington, DC.

Obama: Republicans Stand to Worsen ‘Winner-Take-All-Economy’

Updated at 5:22 pm EDT The U.S. has recovered from “a perfect storm” of economic catastrophies, President Barack Obama said today. While “a new foundation” has been laid, he said, much remains to be done about the economic disparities of...

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South Carolina Governor Nikki Haley waves on stage during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013 in National Harbor, Maryland.

Photograph by Alex Wong/Getty Images

South Carolina Governor Nikki Haley waves on stage during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013 in National Harbor, Maryland.

Nikki Haley’s Robed Lock-Out: Democrats Decry ‘Transparency’

On Twitter, all appeared well at the South Carolina governor’s mansion: Feel like I’ve worked a full day just getting the kids out the door! The things we do to make sure our kids get a good start. Good morning!...

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A real estate agent, left, talks to potential homebuyers in Washington, D.C., on June 9, 2013.

Photograph by Andrew Harrer/Bloomberg

A real estate agent, left, talks to potential homebuyers in Washington, D.C., on June 9, 2013.

Bloomberg by the Numbers: 5.39 Million

That’s the number of previously owned homes bought in the U.S. in July, the second-highest level in more than six years as buyers rushed to lock in mortgage rates before they increased any more. Purchases advanced 6.5 percent over the...

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A building under construction in a development in San Diego, California.

Photograph by Sam Hodgson/Bloomberg

A building under construction in a development in San Diego, California.

Confidence Comes First, Then Housing Starts?

More than four years after the worst recession since the Great Depression ended, homebuilders are starting to feel pretty good about their future. The National Association of Home Builders/Wells Fargo index of builder confidence climbed to a higher-than-expected 59 from...

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A potential homebuyer during an open house in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

A potential homebuyer during an open house in Washington, D.C.

Young See Home Buying More Favorably

Younger Americans are becoming more optimistic about the housing market, which may help give sales and the economy a lift. Eighty percent of 25- to 34-year-olds said they perceive the housing market as “favorable” or “somewhat favorable,” up 9 percentage...

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Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Photograph by Jonathan Alcorn/Bloomberg

Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Buying a House the Second Time Around — Or Third

Home sales are being propelled by a churn of repeat buyers. What’s needed now is for the economy to improve enough to draw in first-time buyers. Returning buyers had a 54 percent share of the market this June, up from...

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