Blumenauer and Panetta Introduce Legislation To Give First-Time Homebuyers Tax Credit

Blumenauer and Panetta Introduce Legislation To Give First-Time Homebuyers Tax Credit After President Biden called for a first-time homebuyer tax credit, the two Representatives from Oregon and California introduced a bill labeled as the “First-Time Homebuyers Act” that would give them a tax credit for up to 10% of the purchase price or $15,000… Read More Housingwire https://www.housingwire.com/articles/new-15k-first-time-homebuyer-bill/

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4/30/21 – EconUpdate by P. Duffy

EconUpdate by P. Duffy Pending home sales rebound 1.9 percent in March and 23.3 percent year-on-year What does this mean?  More inventory was released to the market in March, and year-on-year comparisons are from the first month of pandemic lock-downs. Pending home sales increased 1.9 percent in March, snapping two consecutive months of declines, and were up 23.3 percent year-on-year. Compared to the prior month, pending sales increased nationwide except in the Midwest region. Compared to one year ago, pending sales rose by double-digits in all regions. https://www.nar.realtor/newsroom/pending-home-sales-grow-1-9-in-march   1Q2021…

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Passive House Construction Moving Into Mainstream

Passive House Construction Moving Into Mainstream The energy efficient design invented by the Germans has started gaining more attention since the first house was built in the U.S. in Maine for its air-tight construction, thick insulation, thick and well-placed windows, prevention of moisture migration and steady supply of fresh air… Read More Mainebiz https://www.mainebiz.biz/article/passive-house-construction-moving-from-groovy-niche-to-mainstream

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More Companies Offering 3-D Printed Homes In U.S.

More Companies Offering 3-D Printed Homes In U.S. A growing number of companies from states like Texas and California are offering 3-D printed homes, which they argue are faster and more environmentally friendly than traditional building methods… Read More VOA News https://learningenglish.voanews.com/a/more-us-companies-now-offering-3d-printed-homes/5869993.html

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Washington D.C. Getting New Affordable Housing

Washington D.C. Getting New Affordable Housing The D.C. Housing Finance Agency has announced several projects that will add affordable housing including a redevelopment by L + M Development Partners and Toll Brothers Apartment Living and a new apartment building by Jair Lynch Real Estate Partners and Housing Up… Read More The Washington Post https://www.washingtonpost.com/business/2021/04/29/new-affordable-housing-low-moderate-income-renters-coming-dc/

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Wingate Companies Breaks Ground on $38M Affordable-Housing Community in Atlanta

Wingate Companies Breaks Ground on $38M Affordable-Housing Community in Atlanta Part of their master-redevelopment project, which will bring 750 affordable-housing units to the Fourth Ward, this 123-unit project will be known as Station 496… Read More Atlanta Agent Magazine https://atlantaagentmagazine.com/2021/04/28/mass-developer-to-break-ground-on-38m-fourth-ward-affordable-housing-community/

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The No. 1 emerging property market in America isn’t in Texas or Florida — you may never even have heard of it

The No. 1 emerging property market in America isn’t in Texas or Florida — you may never even have heard of it Previously overlooked real-estate markets brace for the ‘New American Consumer’… Read More MarketWatch https://www.marketwatch.com/story/the-no-1-emerging-property-market-in-america-is-not-texas-or-florida-you-may-never-even-have-heard-of-it-11619525977

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Home Prices Surge 12% in February, the Biggest Jump Since 2006—a $35,000 Gain for Median-Priced Homes

Home Prices Surge 12% in February, the Biggest Jump Since 2006—a $35,000 Gain for Median-Priced Homes The cost to purchase a home rose by a record amount, according to two major barometers of house prices in the U.S… Read More Realtor.com https://www.realtor.com/news/real-estate-news/home-prices-surge-12-in-february-the-biggest-jump-since-2006-a-35000-gain-for-median-priced-homes/

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Will the Housing Market Maintain Its Momentum?

Will the Housing Market Maintain Its Momentum? Fannie Mae, Freddie Mac, and the Mortgage Bankers Association (MBA) have all forecasted that total home sales (existing homes and new construction) will continue their momentum both this year and next… Read More TAP into Sparta https://www.tapinto.net/towns/sparta/columns/know-your-nest/articles/will-the-housing-market-maintain-its-momentum

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