Listen: President Trump, John Kelly And Chief Of Staff discussed on Real Estate Today
"CBS news update. He lasted sixteen months as White House chief of staff, but retired General John Kelly is leaving the job of the next few weeks. CBS news correspondent Steve Dorsey says President Trump made the announcement and is looking for a replacement John will be leaving at the end of the year. President Trump confirmed reports as chief of staff John Kelly will leave the White House by the end of the year. I don't know if I can say retiring, but the great guy for months, the relationship between the president and his chief of staff has been strained with Kelly wielding dwindling thirty the power vacuum filled by his son-in-law and adviser, Jared Kushner, Steve Dorsey CBS news, the White House Kelley been brought in to try manager White House analysts says filled with infighting and competing power bases. Word of his impending departure comes a day after Mr. Trump named his picks for attorney general and ambassador to the United Nations. When to senior aides shifted from the White House to the Trump campaign. CBS news update, I'm Sam Litzinger. Real estate today because knowledge is power. Back again now with our special show the year ahead in which we look at this brand new year just a few short weeks away. And what it might mean to you and your real estate plans coming up in this half hour interest rates, how high will they go, and how long will it take them to get there? That's coming up on our special show the year ahead, but first let's check in with Bill Thompson in the real estate today newsroom. High Ville Stephen as the Federal Reserve has been trying to normalize interest rates lately. The housing market is responding and one economist says the market is now taking on a new normal status. Mark Fleming chief economist with first American tells CNBC that the combination of rising rates and higher home. Prices has altered the landscape there are really two types of buyers out there. The first time home buyer who is experiencing a significant reduction in affordability the sellers. They don't want us out because rates have gone up. And you'd lose that low mortgage rate the practically every homeowner today. Has. And so those who don't sell don't by Fleming says many potential home sellers are now reluctant to lower their asking price unwilling to admit their home's value may have dropped. He says those homeowners won't be selling moving up anytime soon. The newly released federal government report on climate change contains grim warnings for millions of American homeowners. The two thousand eighteen national climate assessment warns of more frequent catastrophic floods heat waves and increasing number of deadly wildfires in the south west and rising sea levels that could force millions to move inland away from coastal areas. President Trump responded to the report by saying, quote, I don't believe it the administration dismisses the report as alarmist and based largely on the most extreme scenario coming up in."