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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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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. These costs may also fluctuate over time.).

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. Are You Cut Out to Be a Landlord? How can you capitalize on your first investment property? Next, look at your space.

Investing 332
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Opinion: Investors play key role in providing affordable housing options

Housing Wire

FHA loans are insured by the Federal Housing Administration and have less stringent down payment and credit requirements. Investors are helping first-time home buyers across the country purchase renovated homes and other families get into high-quality rental homes. ATTOM Data Solutions found that 7.8% But, who are these investors?

Investors 435
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HUD Streamlines Affordable Housing Regulations

Appraisal Buzz

It will also provide incentives for energy efficiency and green building standards, expected to result in lower utility and insurance costs for homeowners. Click here for more on HUDs HOME Investment Partnership Program (HOME). The post HUD Streamlines Affordable Housing Regulations first appeared on The MortgagePoint.

Tenants 221
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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content. Are you up for the maintenance?