Published by REALTOR.com | June 29, 2024 Housing experts have been speculating that the laws of supply and demand may be finally catching up to market conditions. Some are forecasting a correction, or even a crash. It’s been about two years since mortgage rates hiked up, slamming the brakes on what had been a historically …
Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …
Home Affordability Just Hit Its Lowest Point Since 2007 Read More »
Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …
BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026 Read More »
Published by REALTOR.com | June 28, 2024 President Joe Biden and former President Donald Trump faced off in their first presidential debate of the 2024 election cycle. Millions of people tuned in to watch Trump and Biden’s in-person showdown on live TV, and despite the muted mics to prevent a chaos of crosstalk, both candidates …
Published by Forbes.com | June 25, 2024 While buyers were debating the need for a 20% down payment, it jumped to 35.4% for a median-income household A 20% down payment has long been the gold standard when buying a home, although there are some myths, pros, and cons regarding that specific percentage. But now, according …
Why Many Home Buyers Now Need A $100,000-Plus Down Payment Read More »
Published by Breitbart News | June 24, 2024 The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary Janet Yellen will promote the new investments on …
Yellen Pushes Biden Housing Agenda Amid Rising Home Prices Read More »
Published by REALTOR.com | June 21, 2024 Much of this mass migration has to do with real estate prices, which have shot up astronomically in blue-state strongholds such as California and New York. America’s Republican-leaning red states are winning at drawing in new residents from blue states—but locals don’t like it one bit. The Republican …
Blue-State Residents Are Fleeing To Red States for Lower House Prices Read More »
Published by Forbes.com | June 18, 2024 Pairing low-income housing tax credits and historic tax credits could help generate a greater supply of affordable housing, particularly if younger buildings qualified as being historic In a report entitled “Affordable Housing and Historic Preservation,” the U.S. Department of Housing and Urban Development (HUD) and the Advisory Council …
Pairing Tax Credits To Help Create Affordable Housing Read More »
Published by Vox | June 13, 2024 A bold experiment to help tenants is advancing. DETROIT — The federal government is laying the groundwork for a potentially major change to the nation’s largest rental assistance program, aiming to test an idea that would allow low-income tenants to pay rent directly with cash, rather than use …
The Federal Government’s New Plan To (Maybe) Give Renters Straight Cash Read More »
Published by CNBC | June 14, 2024 More homeowners are listing their homes for sale. But properties are taking longer to sell as potential buyers face high prices and interest rates. Here’s what that means for homebuyers and sellers. New listings from home sellers jumped in May, up 13% from a year ago, according to …
Competition In The Housing Market Is Cooling Off Read More »
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