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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. 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. Housing Policy + Finance. Housing Policy + Finance.

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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. Student debt nationwide has reached $1.6

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How Down Payment Loans Affect the Housing Market

Pro Builder

How Down Payment Loans Affect the Housing Market. As financial standards for loans are getting tighter, potential homebuyers are losing out to all-cash offers or higher down payments from other buyers in an ultracompetitive housing market. Housing Markets. Fri, 10/15/2021 - 09:43. First-time buyers are struggling to keep up.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. PACE programs are good for the planet and good for improving the housing stock. Last week the U.S.

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After Years of Volatility, the Housing Market May Be Normalizing, Says John Burns

Pro Builder

After Years of Volatility, the Housing Market May Be Normalizing, Says John Burns. Current market conditions point toward a housing slowdown, but months of supply and employment growth will be two key metrics shaping the path forward. Large home builders are now developing their own land, partially financed by land bankers.

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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

As a result, more households were able to pay off their debts or refinance their mortgages, leaving homeowners with a net worth roughly 40 times higher than that of a renter. Read more Market Data + Trends Financing Affordability Financing

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Home Prices Increase 17.2%—Is the Housing Market in a Bubble?

Pro Builder

Is the Housing Market in a Bubble? Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Bloomberg suggests the thriving housing market will remain for quarters, if not years. Housing stock remains at a record low with just 2.1

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