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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

Wed, 12/15/2021 - 10:07. While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Financials.

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Survey Finds Many Renters Worry About Homeownership

Pro Builder

Wed, 09/08/2021 - 09:22. And it does not help that home prices continue up while incomes lag behind, the economic analyst told CNBC. middle class depends on home equity as a source of wealth more so than wealthy families, who tend to own more financial assets like stocks and bonds, according to the Pew Research Center.

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3 Takeaways from Living Future 2021

Stok

Once again, Living Future 2021 convened a brilliant group of thought leaders and practitioners to discuss the intersection of climate, health, and equity in the built environment. Here, our team shares key takeaways and points of inspiration from Living Future 2021. #1: ENERGY SYSTEM. policies. Policies include setting a U.S.

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First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

Mon, 03/01/2021 - 09:43. A borrower obtaining an FHA-insured mortgage pays $43,797 over the life of the loan in mortgage insurance (MIP) compared to only $31,908 in the case of loan backed by Fannie Mae/Freddie Mac where the borrower stops paying the monthly private mortgage insurance (PMI) on year 9 when equity reaches 20% the prior year.

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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. FHA Will Change How Student Loan Debt Affects Eligibility. cbroderick.

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More House Hunters Are Seeking Out Diverse Neighborhoods

Pro Builder

Fri, 10/22/2021 - 10:04. Developers—for profit, market rate or mixed income—are thinking deeply about issues of social equity and doing the best they can to address some of these broader societal issues we’re all talking about,” said Rachel MacCleery, senior vice president at the Urban Land Institute in Washington, D.C.,

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Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers

Pro Builder

Mon, 12/06/2021 - 16:25. In the third quarter of 2021, price growth began to normalize after months of record highs and inventory rose slightly across the nation, but first-time buyers still struggled in a competitive seller’s market, according to NerdWallet. Average quarterly home prices were listed at 5.3 But homes were listed at 5.3

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