By KIMBERLEY HAAS President Donald Trump did not bring up the housing crisis and barely mentioned mortgage rates as he addressed a joint session of Congress on Tuesday night. Speaking before the body for the first time since retaking office, Trump highlighted his administration’s accomplishments and laid out a vision for the future, saying the…
Welcome to The Mortgage Note’s latest podcast series. We’re sitting down one-on-one with industry leaders to learn more about their careers and to find out their perspectives on lending and housing. Our first guest is Ed Pinto, Co-Director and Senior Fellow at AEI Housing Center in Washington, DC. Scott Kimbler recently spoke with him about…
By KIMBERLEY HAAS When Donald Trump starts his second term as President of the United States, he will be facing unprecedented challenges in the housing market. Housing is a leading cause of rising costs for American families. National home prices have jumped nearly 40% over the course of the last four years. Mortgage rates, which…
By KIMBERLEY HAAS With the presidential election less than a month away, the housing plan put forth by Vice President Kamala Harris is being examined closely. The United States has a shortage of over four million homes and Harris wants to incentivize the building of three million rental units and starter homes while providing first-time…
By SCOTT KIMBLER The American Enterprise Institute in Washington, D.C. recently hosted a presentation on an often overlooked, and sometimes opposed, solution to combating the country’s housing shortage dilemma: light-touch density. Light-touch density is sort of a middle ground between building larger multi-unit structures and the traditional single-family home structure. It typically consists of duplexes,…
New residential construction got a boost from multi-family units in June as builders continue to hesitate when it comes to investing in single-family homes. Housing starts were up 3% from May to a 1.35 million annual pace, according to new data from the U.S. Census Bureau. The increase came from a nearly 20% jump in…
By TOBIAS PETER, KEVIN CORINTH, and ED PINTO It is an election year and Congress will soon consider two bipartisan bills to address high rental costs for many renters. The first is the Workforce Housing Tax Credit (WFHTC) and the second would be an expansion of the existing Low-Income Housing Tax Credit (LIHTC). The WFHTC would extend eligibility…
By EDWARD PINTO On December 15, HUD released its annual Point-In-Time (PIT) homeless and housing inventory counts (HIC) conducted in January 2023. The key finding was that homelessness reached a record high as the 2023 annual count increased 12% and 18% respectively from 2022 and 2017. The average rate of homelessness per 1,000 population in…
By SCOTT KIMBLER As officials work to address racial bias in home valuations, leaders at a public policy think tank in Washington, DC, are saying recent recommendations made by a federal task force miss the mark. The Interagency Task Force on Property Appraisal and Valuation Equity, or PAVE for short, was created in June of…
By Scott Kimbler Watch for housing sales in 2023 to follow the same pattern from a decade ago. That’s the prediction of Ed Pinto, Director of the American Enterprise Institute’s Housing Center, during a recent data review. He and Assistant Director Tobias Peter used information from the final months of 2022 and into the first…
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