The housing market is hot right now — if you’re a seller. Buyers, on the flip side, are having a harder time finding homes. Americans are aware of the struggles they face in buying a home. More than 70% of U.S. adults believe the housing [...]
Backup offers are a good idea for both buyers and sellers of a home
“It ain’t over till it’s over.” — Yogi Berra, baseball philosopher In real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts. Likewise, a buyer whose bid for [...]
Biden’s FHA Updates To Student Loan Debt Policies Are Anticipated To Help Students With Outstanding Loans Qualify For FHA Mortgage Financing
WASHINGTON, D.C. – Individuals who are experiencing student loan debt now have a better shot at qualifying for a home loan thanks to changes that the Biden Administration has made to federal mortgage lending rules. The Federal Housing Administration (FHA) recently announced changes to its student loan [...]
Home Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas
Legislation would axe downpayment and monthly mortgage insurance fee for firefighters, police officers, paramedics, teachers New legislation would extend a benefit similar to Veterans Affairs (VA) loans to first responders and teachers who buy homes. U.S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and [...]
Number Of Homes For Sale Surpass 2019 Levels
More sellers seem to be returning to the market as the number of homes listed for sale surpass 2019 levels, according to a new report from Redfin. KEY TAKEAWAYS New listings of homes for sale are up 4% from a year earlier, and up 3% [...]
Homeownership Can Be Affordable Housing
By writing policy that prioritizes Americans' access to homeownership, lawmakers could address both the affordable home shortage and the racial wealth gap, deduces Urban Institute visiting fellow Mike Loftin. He bases his assessment—that such access will foster financial stability and mobility for millions of Americans—on data [...]
Mortgage requirements are loosening for home buyers
There’s good news for home buyers: It’s finally getting easier to get a mortgage loan. After tightening their lending standards during the pandemic, it seems mortgage lenders are starting to loosen the reins a bit. In fact, according to the Mortgage Bankers Association, mortgages were about [...]
VA-like housing bill proposed for first responders, teachers
Legislation would axe downpayment and monthly mortgage insurance fee for firefighters, police officers, paramedics, teachers New legislation would extend a benefit similar to Veterans Affairs (VA) loans to first responders and teachers who buy homes. U.S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and [...]
