Alive that the consumer keep spending. The fed has two ways to look at it. The economy is slowing or the economy is hanging in there where it was with job creation little lower, but wages rising and the workweek a little bit longer. That means the expansion keeps going. David the question is what does it mean for the fed. Lets talk about that as we are waiting for jay powell to speak. We will come back to Michael Mckee. In the meantime, Kevin Cirilli at the white house. Finally, we have a plan from the white house on what to do with fannie mae and freddie mac . Kevin they are calling it a roadmap. Steven mnuchin unveiling a plan that would reprivatize fannie mae and freddie mac. It was back during the Bush Administration that the republican part of that 190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. As of now, they make up about half of the mortgages in the 11 trillion Mortgage Market. It is a long shot to get them privatized. Even behind th
Wars as demand heats up with the temperatures. All right, so how bad is it . 9 of the 456 u. S. Counties measured by realty track are now considered not affordable by historical standards. Thats up from just 2 last year. Median home price growth outpaced wage growth in more than 60 of counties. And where is it the worst . Counties in denver, dallas, austin, new york city, san francisco, omaha, and st. Louis, would you believe . Affordability is best in baltimore, birmingham, providence and chicago. Weakening affordability in midsize cities, many of which are undergrowing a great rebirth is pushing people out. Red fin, a real estate brokerage, says the typical home sold in 2015 was about 4 farther from a city center than in 2011. They also say their agents are reported back that would be sellers are not listing because theyre afraid they wont be able to find or afford their next home. And one last note, we reported this morning that the Palo Alto City Council is considering subsidizing