Harris’ Housing Plan Highlighted At DNC
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Harris’ Housing Plan Highlighted At DNC

By KIMBERLEY HAAS Vice President Kamala Harris brought up housing during her speech at the Democratic National Convention in Chicago. Harris was talking about her plan to create an “opportunity economy” where everyone has a chance to compete and succeed regardless of where they live. “As President, I will bring together labor and workers, small…

HUD Announces $100M In Housing Grants

HUD Announces $100M In Housing Grants

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…

Experts Respond To Biden’s Rent Cap Comments
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Experts Respond To Biden’s Rent Cap Comments

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…

Fudge Resigns As HUD Secretary

Fudge Resigns As HUD Secretary

Marcia L. Fudge, secretary of the U.S. Department of Housing and Urban Development, is unexpectedly resigning due to personal circumstances. Her exit comes after three years at HUD’s helm, having served for almost all of the Biden presidency.  Fudge attributed her decision to her 92-year-old mother, with whom she wants to spend more time, and…

Housing Costs Will Affect Voters In November

Housing Costs Will Affect Voters In November

More than half of homeowners and renters will partly base their choice for President on housing affordability. That’s according to a new survey commissioned by Redfin and conducted by Qualtrics last month.  The survey found that 53.2% of respondents will be informed by housing in November’s presidential election. On top of that, 64.2% of homeowners…

Rates Cool Down, Increasing Demand

Rates Cool Down, Increasing Demand

Mortgage rates broke a month-long upward streak, deflating for the first time in weeks and resulting in a purchase demand boost. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.88%, down from the week prior’s 6.94%. A year ago at this time, the 30-year FRM averaged 6.73%. This is the first…

What The Top Republican Presidential Candidates Are Saying About The Housing Market
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What The Top Republican Presidential Candidates Are Saying About The Housing Market

By KIMBERLEY HAAS Home affordability is expected to be a pressing issue for American families again this year and although it is not a top priority for Republican presidential candidates yet, they are talking about it. At a rally last month in Durham, New Hampshire, former President Donald Trump said mortgages have become unattainable to…

Election 2024: Biden’s Housing Problem
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Election 2024: Biden’s Housing Problem

By KIMBERLEY HAAS With just weeks left before the Iowa caucus and the presidential primary in New Hampshire, home affordability is weighing on the minds of voters and at least one leading economist says the issue could take center stage as the race for the White House heats up. Daryl Fairweather, chief economist for Redfin,…

FHFA: Encouraging Trend Seen In Efforts To Reduce Valuation Gaps

FHFA: Encouraging Trend Seen In Efforts To Reduce Valuation Gaps

By KIMBERLEY HAAS Officials at the Federal Housing Finance Agency say racial and ethnic valuation gaps in home appraisals are being reduced in a majority of states. ​​​​​​​​​​​​​​​​According to a blog published Tuesday, “Although an appraisal valuation gap continues to exist between white and minority population tracts, data indicate a reduced gap following actions by…

Fitch Downgrade, Economic Highs Push Rates Up
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Fitch Downgrade, Economic Highs Push Rates Up

Mortgage rates rose once again last week, elevated by economic news that took investors and analysts by surprise. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.90%, up from 6.81%. A year ago at this time, the 30-year FRM averaged 5.30%. The 15-year fixed-rate mortgage also increased, up to 6.25% from…

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