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First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019. The programs serve low income households with income of up to 80% of the area median income. NAR says FHA financing can often be more expensive due to the mortgage insurance. Read More. . Financials. Financing.

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More House Hunters Are Seeking Out Diverse Neighborhoods

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Developers—for profit, market rate or mixed income—are thinking deeply about issues of social equity and doing the best they can to address some of these broader societal issues we’re all talking about,” said Rachel MacCleery, senior vice president at the Urban Land Institute in Washington, D.C., In 2019, 11% of all married U.S.

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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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Increasing Home Prices Threaten Residents of These 10 Metros Most

Pro Builder

Those relocating while continuing to work from home are often bringing a higher wage and some home equity with them. This has helped pushed home prices up far faster than the growth of local incomes.”. Ultimately, though, some locals will get hurt as rising home prices and rents strain their budgets.”. over the same period.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Having witnessed income and social class inequities entrenched by corruption on their European mission, and a system in which government officials and business entrepreneurs rarely collaborate to solve civic and social problems, the Ivorys recognized the seeds of similar dynamics in their own backyard. See past Builder of the Year winners.

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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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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

Both programs have been extended until July 1, 2019. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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