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Biden wants to provide homebuyers $400 per month: State of the Union

President Joe Biden announced new housing during his State of the Union address. (iStock) President Joe Biden addressed rising housing costs in his State of the Union address Thursday night, saying he wants to create a tax credit that would give homebuyers $400 a month. Biden’s plan would create a $10,000 tax credit over two […]

Homebuyers gained thousands of dollars as mortgage interest rates fall: Redfin

Thanks to lower interest rates, prospective buyers have more purchasing power than last year. (iStock) People looking to buy a home are finding their money going a little further these days. A homebuyer with a monthly budget of $3,000 has $40,000 more purchasing power than he did a few months ago. Redfin report found. A […]

Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Housing affordability remains low and some potential buyers are turning to alternative housing options. (iStock) As housing costs rise, homebuyers are redefining the traditional path to homeownership. About 43% of prospective buyers considered alternative housing options such as fixer-uppers and tiny houses. Remax study reported. 56% of prospective buyers surveyed by Remax said they would […]

Homebuyers feel good about where mortgage rates are headed: Fannie Mae

For the first time in two years, homebuyers feel positive about mortgage rates. (iStock) Consumers’ optimism about buying a home is at its highest level in nearly two years, thanks to stable employment and easing mortgage rates, according to a Fannie Mae survey. Major mortgage lenders in January Home Purchase Sentiment Index® (HPSI) It rose […]

The 10 cities giving Gen Z homebuyers hope right now: Study

(NEXSTAR) – For purchasing a home, american nightmare Rising mortgage rates and home prices have taken a toll on Gen Zers in recent years, but there are some cities that offer new hope in 2024. According to a recent analysis, Point 2 Holmes We found that Gen Z buyers have entry-level incomes, are more likely […]

This is the #1 city for first-time homebuyers, and other hot US housing markets

Toledo, Ohio has emerged as the top metro area for first-time owners. (iStock) The housing market has its ups and downs, and first-time buyers are feeling the effects, too. But homebuyers in tight housing markets have other options, as some cities in the U.S. have stronger markets than others. According to a recent report from […]

DOJ orders bank to pay millions after discriminating against minority homebuyers

First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for at least four years, the Department of Justice announced Monday. This is the latest in a long list of banks that have been redlined. The Department of Justice announced that FNB will pay $13.5 million to resolve redlining charges, mostly […]

How homebuyers could save $1,000 on closing costs this year

Government-backed mortgage giant Fannie Mae has proposed a plan to save U.S. home buyers $1,000 on closing costs. fannie mae Said Expands the types of mortgages available for purchase and provides buyers with a lower-cost alternative to expensive title insurance, which is a contractual obligation that protects property owners and mortgage lenders from losses related […]

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