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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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Is there a housing inventory ‘silver tsunami?’ Not where it’s needed

Housing Wire

The second is in reference to housing inventory. But the issue could be compounded by more companies instituting in-office working requirements, or other potential prospects designed to improve the attractiveness of other markets to potential homebuyers. [T]he The first is related to the demographic trends playing out across the U.S.,

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HUD Updates Manufactured Home Regulations

Appraisal Buzz

The new updates seek to expedite the home production process by cutting red tape and eliminating the need for manufacturers to obtain alternative construction approvals for materials that already meet or exceed HUD standards—helping build more manufactured homes and boost the nation’s housing inventory.

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Housing production and land regulation expert explores potential affordability solutions

Housing Wire

The industry, he says, refers to this principle as “ the housing theory of everything.“ Higher construction costs create a shortage of listings and vice versa. Simonsen follows up with another question about construction activity on an international scale. To address this, solving the development issue is key. “To

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FirstClose reveals new feature to help consumers consolidate debt faster

Housing Wire

He referred to a recent report from the Mortgage Bankers Association , which showed that debt consolidation accounted for 33% of the use cases for home equity loans funded in 2023. “Our Eligible debts include construction loans, personal loans, credit cards, auto loans and student loans.

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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.”

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The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

My appraisal organization involvement includes Appraisal Institute membership where I hold the SRA and AI-RRS designations. I am past President of the North Texas Chapter, the National Association of Appraisers, where I hold the MNAA designation and am currently on the Board of Directors. Buzz: How are we experiencing one currently?