Vice President Kamala Harris and former President Donald Trump went head to head Tuesday for their first – and possibly only – debate before November’s presidential election. Housing was mentioned very little during the debate. Harris raised the topic early and doubled down on policies she proposed in the last month. “I grew up a…
With the Presidential election moving into a post-Labor Day sprint to the polls, national policy is top of mind for many Americans. Kamala Harris and Donald Trump have released campaign ads touting their own housing goals and belittling the other. But local elections have a more significant impact on individual markets than presidential policy, experts…
With housing a major issue on voters’ minds and November inching closer, Vice President Kamala Harris detailed her plan to make housing more affordable. In a speech in Raleigh, NC, on Friday, Harris outlined policies intended to incentivize building and buying homes. “There’s a serious housing shortage; in many places, it’s too difficult to build…
The White House allocated new funding for local homebuilding and announced new opportunities to win grants. HUD’s Pathways to Removing Obstacles to Housing program has received $100 million in grant funding to be distributed nationwide. Communities will use the grants to identify and remove barriers to affordable housing production and preservation, including developing, evaluating, and…
Americans want to know what’s next with housing now that Kamala Harris is the presumptive Democratic nominee. Harris has touted her reputation as an affordable housing advocate throughout her career. “During the foreclosure crisis, I took on the big Wall Street banks and won $20 billion for California families,” Harris said in a recent speech,…
Housing was barely mentioned in last week’s presidential debate and addressed only by President Joe Biden, not Donald Trump. Biden pushed recent housing actions as proof that his administration is tackling the affordability crisis, an issue that strikes home for millions of Americans. U.S. Secretary of the Treasury Janet Yellen recently announced new efforts by…
The Biden administration’s move to cap rent increases for affordable housing units has split support in the industry. Officials announced last week that the administration will impose a 10% cap on YOY rent increases for property owners who are part of the Low-Income Housing Tax Credit program. Currently, LIHTC allows increases of 5% or double…
President Biden used the State of the Union address Thursday to tackle the nation’s housing crisis and propose big plans to boost activity. “I know the cost of housing is so important to you. If inflation keeps coming down, mortgage rates will come down as well. But I’m not waiting,” he said in the address….
Rate lock volumes dropped again in May by 4.8% despite interest rate growth slowing, according to Black Knight’s latest Originations Market Report. While conforming 30-year rates rose at the beginning of the month to 5.5%, they cooled by month-end to 5.34%, 7 basis points down from April. Still, lock volumes fell for both rate/term and…
By Jim Perskie Opposing wings of the Democratic Party released sweeping policy recommendations, including proposals to reverse policies and practices that “have made homeownership all but impossible for millions of working families.” The proposals – released by the Biden-Sanders Unity Task Force – were released Wednesday as part of a 110-page document meant to bring together supporters of…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!