Throughout her career, Vice President Kamala Harris has been a strong advocate for affordable housing. She believes that every American deserves access to affordable housing, as mentioned in a post on X on July 16. The Biden administration’s initiative to cap rent increases by 5% on landlords with 50 or more rental units without losing
Real Estate
In the past week, mortgage interest rates have seen a slight decrease, with the average rate for 30-year fixed-rate mortgages dropping to 6.82% from 6.87%. Despite this decrease, potential homebuyers are still hesitant to make a move. It seems that the decrease in rates is not significant enough to push buyers off the fence. The
The sales of previously owned homes in the United States dropped by 5.4% in June compared to the previous month, totaling 3.89 million units on a seasonally adjusted, annualized basis according to the National Association of Realtors. This decrease also represents a 5.4% decline compared to June of the previous year. The slow pace of
Before making the decision to buy a home, it is crucial to understand your current financial situation. Many renters may be surprised to find out that they are actually in a position to afford a mortgage. According to a Zillow analysis, millions of renters in 2022 were considered “income mortgage-ready,” meaning that the share of
One of the major obstacles that potential homebuyers face in the United States is the lack of access to affordable credit. According to a 2022 fact sheet from the Office of the Comptroller of the Currency’s Project REACh, an estimated 50 million Americans are considered “credit invisible”. These individuals do not have a credit file
The mortgage market experienced a significant shift last week as mortgage rates plummeted to their lowest level since March. This led to a sudden surge in demand for refinancing among homeowners looking to take advantage of the favorable rates. According to the Mortgage Bankers Association, applications to refinance a home loan soared by 15% compared
The housing market in Delaware seems to be offering average affordability, but with the added benefit of very low property taxes. This combination makes it an attractive option for homebuyers looking for a good deal. With an effective tax rate of less than half a percent, Delaware homeowners are paying one of the lowest rates
The recent news of inflation easing has sparked discussions around potential interest rate cuts by the Federal Reserve. The consumer price index saw a dip in June for the first time in over four years, signaling positive data for the Fed to consider reducing interest rates. With the economy showing signs of cooling down, Greg
The housing market has experienced a significant transformation in recent years, with mortgage rates playing a crucial role in shaping the current landscape. The 30-year mortgage rate has been a key factor influencing consumers’ decisions when it comes to home buying. While this rate has seen fluctuations over time, it has remained relatively high, hovering
China is currently facing significant challenges in its real estate sector, with high local government debt levels putting pressure on the fiscal system. Analysts anticipate that the upcoming Third Plenum meeting will address these issues, along with a push for advanced manufacturing and other structural policies. The focus is expected to be on finding alternative