Rep. Eric Swalwell has officially announced his candidacy for California governor amidst a competitive Democratic field. Highlighting affordability issues and his opposition to Trump, Swalwell aims to lead the deep-blue state into a new chapter.
New-home sales in the US fell sharply in May, marking the largest drop since 2022. Despite sales incentives, affordability issues persist, pushing sales to a seven-month low.
The U.S. housing market faces a significant slump, with May marking the slowest home sales since 2009. Despite a slight monthly increase, affordability issues persist, keeping buyers at bay amidst rising prices and high mortgage rates.