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Home Prices Could Continue to Rise Into 2023, Says Bank of America

Pro Builder

Home Prices Could Continue to Rise Into 2023, Says Bank of America. Bank of America predicts that home prices across the U.S. While climbing mortgage rates could pour some cold water on the housing market over the long term, Bank of America says it could increase buyer urgency—as they rush to lock in rates—in the short term.

Banking 98
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Federal Reserve Bank Leaders Express Worries About Housing Market

Pro Builder

Federal Reserve Bank Leaders Express Worries About Housing Market. The Federal Reserve has been closely watching the housing market and some are more nervous than others about the bank’s role in bond purchases and housing's financial stability. President of the Federal Reserve Bank of St. cbroderick. Mon, 08/02/2021 - 09:49.

Banking 98
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Unique High-Profit Contractors Count All Their Income

Contractor Bookkeeping

The Ripple Effect Of Not Counting All Your Income Happens When You Go To The Bank For A Loan. You need to be able to show the bank that you have enough sales to pay back the loan. This Income or That Income doesn’t count. For most contractors, an excessive amount of profit is NOT an issue.

Income 58
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Banks Step In to Shrink Black Homeownership Gap

Pro Builder

Banks Step In to Shrink Black Homeownership Gap. More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities. In Washington, DC, one firefighter and his family were able to purchase a home with the help from Chase Bank’s Chase Homebuyer Grant, according to the Washington Post.

Banking 52
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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume.

Banking 52
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Nevada Stops Subsidizing Net Metering

Green Building Law Update

Note that this occurred in the same week that Congress extended the 30% federal investment credit for solar through 2021, which in large measure benefits the same banks and corporate investors. Net metering programs that exist today are a regressive income redistribution in support of a greater political goal.

Nevada 120
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Yarn works: Neverending yarn

BD+C

Once upon a time the 111-year-old Nockege River Mill Building, located on the banks of the Nashua River near Fitchburg, Mass., Yarn Works is a mixed-income, adaptive-reuse community of 96 rental units, 40% of which are reserved for low- or middle-income individuals and families.

Income 75