In swing states, voters on both sides of the aisle want the federal government to take action on the housing affordability crisis. A new survey from the Program for Public Consultation in six swing states and nationally revealed majority, bipartisan support for federal action to lower housing costs. Grants, tax incentives, down payment assistance, zoning…
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 KIMBERLEY HAAS Senator JD Vance blamed illegal immigration into the United States for the high costs of housing during the vice presidential debate Tuesday night. Vance (R-OH) and Governor Tim Walz (D-MN) were asked about the high costs of housing and rent, the top contributor to inflation, at approximately 10:05 p.m. With a shortage…
By KIMBERLEY HAAS Just 2.5% of U.S. homes changed hands in the first eight months of 2024 as elevated mortgage rates, low inventory, and political uncertainty kept people in place. According to a new report from Redfin, this is the lowest turnover rate in decades. In comparison, the turnover rate was 4% in 2021 and…
Rent is a major player in the American psyche leading up to November’s election, especially in swing states where neither party is sure to win. The typical renter household in a swing state isn’t making enough to comfortably afford rent, Redfin reported. These households earn an estimated $50,267 per year, $10k (17.1%) less than the…
By SCOTT KIMBLER As home affordability continues to affect working Americans, there are indicators that property prices in swing states may influence the Presidential election. As former President Donald Trump and Vice President Kamala Harris prioritize Wisconsin, Michigan, Pennsylvania, Nevada, Arizona, North Carolina, and Georgia in efforts to attract voters, analysts say their housing policies…
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…
Mortgage rates slipped more than 10 basis points last week as the market anticipates a rate cut from the Central Bank in the coming weeks. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.35%, plunging from the week prior’s 6.46%. A year ago at this time, the 30-year FRM averaged 7.18%….
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…
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