Affordable housing

The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.

The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.

The government-sponsored enterprise has created a Spanish-language version of its HomeView program.

Housing costs grew to an average of $2,632 during the four weeks ending Sept. 10, according to a Redfin report.

The move comes after the e-commerce giant has provided some $1.7 billion to create or preserve affordable rental units as part of a $2 billion initiative launched two years ago. 

Houses in the northeast and midwest got more expensive. In the South and the west, prices dwindled, according to the organization's Metropolitan Median Area Prices and Affordability report.

A report by Black Knight shows still-increasing home prices, which is bad news for prospective buyers, but good news for existing homeowners, who are gaining equity.

Economic disruption of the past several years has led to the inventory and affordability challenges the housing market faces today. But while efforts have been introduced to address them, many are looking at what the government might do to help alleviate the current situation.

While the monthly amount decreased by only a few dollars in June, it was the first decline since late last year, according to the Mortgage Bankers Association.

A majority of people said they are willing to consider purchase of modern prefabricated housing, but local zoning laws currently hold back growth and development outside of rural areas.

Those living in San Francisco and New York want to switch cities in higher proportions than ever before, the brokerage and search platform found.

Between 2004 and 2021, the share of originations under $150,000 has declined by 70%, forcing a growing number of consumers to seek alternative forms of financing instead of getting a mortgage, a Pew Charitable Trusts report found.

But the annual rate of change turned negative for the first time in 11 years, according to the Case-Shiller index.

The bill would update mortgage revenue bonds and credit certificates, which are both administered by housing finance agencies.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

Manufactured units, down payment assistance and bond investments could help alleviate some of the issues facing aspiring homeowners, but inventory issues will persist, a panel of experts said.

The numbers represented an annual surge of 56% after COVID-19 relief measures expired across most of the country

The new regulations take effect in July and come after the agency issued new equitable housing goals days earlier.

The requirement to use supplies made in this country will negatively affect home affordability, according to a coalition of 24 groups and individuals led by National Housing Coalition.

This could first be claimed by homeowners on their taxes in 2007, but it was never made permanent by Congress and expired after tax year 2021.