$15,000 Down Payment Assistance

President Biden Proposes $15,000 Down Payment Assistance Credit

President Joe Biden recently proposed a $15,000 down payment assistance tax credit for first-time buyers, making homeownership a more affordable and achievable option for 9.3 million renters. According to Zillow, this $15,000 tax credit would be enough to cover the minimum down payment in a majority of the metro areas across the country. For almost 30% of renters, this tax[...]

housing affordability

Executive Order Supports Housing Affordability

Breaking News! President Trump put housing at the forefront of the national debate today by signing an executive order focusing on tackling the housing affordability crisis impacting America today. As the economy has strengthened, demand for safe, affordable housing has skyrocketed, but the housing industry has not been able to  mean this needed supply. By signing this order President Trump[...]

Atlanta Ranks No. 2 for Housing Affordability

Among the nation’s 25 largest metropolitan areas, Atlanta continues to remain at the top, ranking No. 2 in the top five most affordable U.S. metropolitan cities to live in according to a new report from Interest.com. Switching places with Minneapolis for the top spot this year, Atlanta continues to attract home buyers. After taking the No. 1 spot in 2013, Atlanta[...]

Majority of College Graduates Can Afford Homeownership

According to a recent report from RealtyTrac®, the nation’s leading source for comprehensive housing data, 96 percent of the housing markets in the United States are still affordable for recent college graduates with student loan debt. However, it was also noted in the study that college graduates with loan debt will need a 34 percent higher income to purchase a[...]

DeKalb County Makes List of Most Affordable Markets for Millennials

Two Georgia counties have made RealtyTrac’s recent rankings of the Most Affordable Housing Markets for Millennials. Richmond County, which is located in the Augusta-Richmond County metro area, took the top spot on the list, while DeKalb County claimed the No. 3 spot. Many industry experts say that the millennial generation is the key to the current housing market recovery, with their[...]

Positive News for Housing Affordability

According to the National Homebuilders Association, the affordability of housing Nationwide was close to its highest level in the third quarter of 2009.  With low interest rates and low house prices, the affordability of housing increased for the third straight quarter and is nearing a historic level since the National Association of Homebuilders/Wells Fargo Housing Opportunity Index was first compiled[...]

Article Reveals Buyer Income Comparison Data

A Wall Street Journal story this week addressed the renewed affordability of the nationwide housing market. Noting that prior to the housing bubble, the income of most homeowners was consistent with the price of their homes, the article offered a current look at owner income to property value comparisons. In data compiled by Case-Shiller Home Price index co-creator Karl Case, who[...]

Housing Affordabilty Continues to Reach Record High Levels

To be a little more specific, the nationwide housing affordability is continuing to hover near its highest level in 18 years, the record was set in the first quarter of 2009. It hasn't actually surpassed the first quarter's numbers, but it is very close. According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, 72.3% of all new[...]

Houses More Affordable Than Ever

Nationwide housing affordability reached its highest level in five years at the end of 2008, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI indicated that 62.4 percent of all new and existing homes that were sold in the final quarter of 2008 were affordable to families earning the national median income of $61,500, up[...]