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First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

First-Time Buyers Are Choosing Conventional Over FHA Financing. Mon, 03/01/2021 - 09:43. Just 24% of first-time buyers went with an FHA loan in January while 59% of first-time buyers obtained conventional financing, reports the National Association of Realtors. Financing. cbroderick. Read More. . Financials.

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Homeowners in These States Paid the Highest Property Taxes in 2021

Pro Builder

Homeowners in These States Paid the Highest Property Taxes in 2021. states with the highest tax bills in 2021, while homeowners in southern states saved the most money on property taxes. of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2%

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NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home

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Wed, 03/10/2021 - 09:25. The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on their income. Based on this, the minimum income required to purchase a $100,000 home is $22,505. In 2021, about 21.1 NAHB Research Finds 40.1

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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Housing Policy + Finance. Housing Policy + Finance. cbroderick. Read More. .

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Income Needed to Afford a Home in Every U.S. City

Pro Builder

Income Needed to Afford a Home in Every U.S. Fri, 03/26/2021 - 09:45. metros and the minimum income needed to afford a home. But some less dense cities, such as Toledo, Ohio, only require a minimum income of $17,700 to afford a home. Financing. cbroderick. Zippia.com rounded up median home prices for 175 U.S.

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Biden Proposes 15% Budget Increase for HUD Aimed at Affordable Housing

Pro Builder

Mon, 04/12/2021 - 09:11. More low-income renters and the homeless would receive assistance. The president hopes to offer housing vouchers to help an additional 200,000 low-income families pay rent. Housing Policy + Finance. Housing Policy + Finance. cbroderick. President Biden hopes to increase the U.S.

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Property Tax Collections Remained Stable in 2021

Pro Builder

Property Tax Collections Remained Stable in 2021. A steady stream of property taxes accounted for the largest share of state and local revenue throughout 2021. billion in taxes paid by property owners at the close of Q4 2021, a 1% quarterly increase after a 0.6% in Q3 2021, the second such decrease since 2012. Financials.

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