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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

Pro Builder

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., population. since 2010.

Housing 105
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Homebuyers Boost Recovery of Multiple Sectors

Pro Builder

Fri, 07/17/2020 - 09:21. Historically low interest rates are luring in auto and home buyers, many of whom have higher incomes and firmer job security than low-wage, service-sector workers hardest-hit during the recession, economists and industry experts say. Homebuyers Boost Recovery of Multiple Sectors. cbroderick. Financial.

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6 guideposts for cities to create equitable transit-oriented developments

BD+C

However, there is a purposeful shift under way toward a concept that prioritizes equity at every step of the process to enable inclusive communities around transit stops. Voters approved funding for this program in 2020 with equity as a mandate. For many people, living car-free is not a choice.

Austin 95
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Financial Difficulties Drag U.S. Household Formation Down

Pro Builder

Wed, 12/02/2020 - 10:03. 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. Financial Difficulties Drag U.S. Household Formation Down.

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Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers

Pro Builder

times the median first-time home buyer income, and many inaugural buyers were also priced out of the housing market by older competitors backed by existing equity. . times the median first-time home buyer income, when three times your income is a long-standing affordability rule of thumb. But homes were listed at 5.3

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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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