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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. Read More.

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Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

Eve Dreyfuss, Tax Partner with Moss Adams, presented an in-depth review of 2018-2019 tax measures under the new Tax Cuts & Jobs Act that will impact construction companies. A Tax Review. In the kickoff event, held Feb. 5 in San Francisco. Develop a solid financial strategy and stick to it.

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Housing Costs are the Top Financial Concern for Older Millennials

Pro Builder

Rising housing costs, a scarce supply, lack of new construction, increased debt, and stalled wage growth are just some of the burdens this age bracket faces. According to a study by the PM Group, Millennial budgets are already stretched thin, with the typical Millennial spending 30% of their income on rent in 2015. million U.S.

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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. Some big-city dwellers with debt may struggle to afford a home.

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Financial Difficulties Drag U.S. Household Formation Down

Pro Builder

But in 2019, household formation rates seemed to begin leveling off and even reversing. First, massive amounts of savings and equity were lost in the 2008 financial collapse and subsequent foreclosure crisis, impacting the ability of both older generations to retire and younger ones to shield their children from substantial college debt.

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Soaring Prices, Waning Supply Hinder First-Time Minority Buyers

Pro Builder

percent in 2019, and from 2019 to 2020, the Black homeownership rate rose from 42.1 In addition, a large share of younger minority buyers are flooding the housing market, but most carry more student loan debt than their White counterparts and lack intergenerational wealth that could help with down payments, The Washington Post reports.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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