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Rapidly rising tuition and housing costs both contributed to lower homeownership rates and a more than twofold surge in student debt in under 15 years.
The top five lenders had an average mortgage origination volume of more than $43 billion at the end of Q1.
The 14.3% rate for deals withdrawn in any April is the highest level other than in Covid-impacted 2020, as homebuyers reexamine the market, Redfin said.
The notion that the enterprises could be a source of revenue has led to a suggestion that the funds from a public offering could be reinvested in housing.
The Republican-led bill heading to the Senate extends and expands numerous business and consumer tax benefits included in Trump's 2017 cuts.