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Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Federal Reserve Governor Michelle Bowman issued a housing market warning during a speech at the Kentucky Bankers Association Annual Convention in Asheville, North Carolina on September 23. Bowman noted that housing activity has slowed significantly, with declines in single-family construction and sales coinciding with rising inventories and falling house prices in many markets. “Declines in housing activity, including single-family home construction and sales, have been accompanied by higher inventories of homes for sale and falling house prices,…

The U.S. Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the U.S. economy right now, according to minutes of the latest two-day session. Even some of those who supported the rate cut acknowledged “the decision was finely balanced or that they could have supported keeping the target range unchanged,” given the different risks facing the U.S. economy, according to the minutes released on Tuesday. In economic projections released after the December 9-10 meeting, six officials outright opposed a cut and two of that group dissented as voting members of the Federal Open Market Committee. …

Kelly Krasner was always interested in healthcare, but losing both parents to cancer when she was 24 reinforced what she thought would be a lifelong calling. After spending 13 years helping hospitals integrate more cancer screening and diagnosis technologies as a radiology sales and marketing director, Krasner spent six more working at various healthcare technology startups. When her company downsized and she lost her job in 2023, however, Krasner said it felt nearly impossible to get back into the industry. “I was applying and applying, and unfortunately—perhaps because of my age, my status, or people thinking I had to have a high title or a high income—I just wa…

Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations taking place to end what is about to be a six-day shutdown — with President Donald The President saying that layoffs are occurring. Asked on Sunday night when federal workers would be fired as he has threatened to do, The President told reporters: “It’s taking place right now and it’s all because of the Democrats.” “The Democrats are causing the loss of a lot of jobs,” The President added, declining to answer a question about which agencies are subject to the cuts. The possibility of layoffs would escalate an already tense si…

Transportation Secretary Sean Duffy said Monday that the government shutdown is putting more stress on air traffic controllers who already have an extremely stressful job, as well as threatening a program that small communities rely on to help subsidize airline service. Controllers are expected to continue working without a paycheck, Duffy said, so they are now worried about how to pay their bills in addition to worrying about keeping flights safe. And there have started to be instances of controllers calling out sick, leading to delays at several airports Monday. “Now what they think about as they’re controlling our airspace is, how am I going to pay my mortgage? How d…

Alexandra Shaker, PhD, is a licensed clinical psychologist with a background across inpatient and outpatient treatment settings. She has experience in research, teaching, and clinical practice. Dr. Shaker’s writing is an interdisciplinary exploration of the human condition: she integrates psychology, literature, history, anthropology, and language to speak to the meaning and vitality we find in the stories we tell one another and ourselves. Dr. Shaker received her PhD in clinical psychology from The New School for Social Research and conducted her doctoral research at the Brief Psychotherapy Research Program at Mount Sinai Beth Israel. She completed her clinical training …

World Labs, the AI model developer cofounded by AI pioneer Fei-Fei Li, has released its 3D-space generating model, “Marble.” At the Marble Labs website, creators can now input text prompts, images, or videos of pieces of a real-world environment. Marble uses them to create full 3D environments, which can include interior spaces or expansive exterior ones. Marble can reconstruct, generate, and simulate 3D worlds—think of it as a type of “world model.” In an interview with Fast Company, Li describes world models as a “significant” evolution of the generative AI era. “The large world model is really a significant step towards unlocking AI’s capability,” a category she ca…