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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. A Hard Constraint.

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Housing Costs are the Top Financial Concern for Older Millennials

Pro Builder

Housing Costs are the Top Financial Concern for Older Millennials. The oldest Millennials are turning 40 this year and affordable housing remains a top concern for many in this generation. One-third of older Millennials, born between 1981 and 1989, say their most burdensome monthly expense is housing, reports CNBC. cbroderick.

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What You Should Know Before Taking a Construction Loan

Construction Marketing

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. How construction loans work.

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Housing and the 2020 Presidential Election

Pro Builder

Housing and the 2020 Presidential Election. Housing issues are in play in the race for the presidency in the 2020 election, and home builders are paying attention. Do presidential elections really impact housing? housing industry. housing industry. Mon, 10/05/2020 - 23:10. John Caulfield, Senior Editor.

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California Could Cover 45% of a Home Purchase for Eligible Buyers

Pro Builder

California Senate Democrats proposed a new program as part of its Build Back Boldly budget plan that would assist first-time homebuyers with purchasing by paying for—and owning—45% of the property. Eligibility for the program is based on income levels, and eligibility of the homes is based on home price. Housing Policy + Finance.

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California is Rolling in Dough

Buisness Facilities Contributed Content

State legislators now are busy arguing over how to spend a budget surplus estimated at up to $4.4 by the housing market collapse. Jerry Brown–who wielded his budget-cutting sword like a Samurai warrior during the darkest days–is firmly in the rainy-day fund camp. What a difference three years makes. Far West U.S.

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How Do Construction Loans Work?

Work Gearz

Building a house seems much more intimidating than buying one. Owner-builder construction loans : It is usual for every builder to build his own house. This is why as long as the builder has the certification to prove that the house, they are building is for themselves, they can apply for this specialized loan.