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DOGE’s Real Estate Reality Check

DOGE’s Real Estate Reality Check

Published 2 days, 15 hours ago
Description

DOGE’s big savings dream hit a wall—federal lease cuts stalled as renegotiations drag on, proving government real estate isn’t easily dismantled. Meanwhile, underwater mortgages hit 2 million homes, fueled by stagnant prices and rising rates, though experts say a full-blown crisis is unlikely. Chicago’s housing scene shows mixed signals: more permits approved, but foreclosure filings climb in Cook County. And the Obama Presidential Center? Now budgeted at nearly $1 billion—three times its original estimate.

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