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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Landlord concessions have also somewhat increased.

Inventory 448
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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. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

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Record apartment supply is good for mortgage rates 

Housing Wire

Currently, new home sales have been trending better as the builders are taking advantage of low existing inventory. However, because of the COVID-19 delays, we are still working through a backlog of homes under construction. As you can see in the chart below, we have a historic number of 5-unit construction in the works.

Mortgage 521
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57 crucial real estate statistics that explain the 2025 market

Housing Wire

There is currently an inventory of 642,359 properties. There are about 790,000 multi-unit properties under construction as of December 2024. Other important items were taking a private tour (62%), meeting/speaking with the property manager or landlord (55%) and seeing reviews of the property manager or landlord (35%).

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Real estate investment leaders talk build-to-rent homes and affordability solutions

Housing Wire

He also mentions Pretium’s evolution from targeting single-family rentals to other assets, with a greater focus on technology and operational efficiency to better serve landlords and tenants. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

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Gen Z Households Remain Rent-Burdened, but Housing Vouchers Offer Relief 

Appraisal Buzz

The participating household pays the landlord directly with the housing subsidy. The difference between what the landlord actually charges and what the program subsidizes is subsequently paid by the household. This rent cap is based on HUD-constructed estimates of “fair market rent” at the county or metro level.

Landlords 195
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To lure more teachers, CO school districts enter the housing market

Housing Wire

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. Rents also remain challenging according to data the Post cites from Zillow.