Homeownership Re-enters Political Discussions

first_imgHome / Daily Dose / Homeownership Re-enters Political Discussions Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While the two major party presidential candidates have not said much about housing policy in the months leading up to their parties’ respective national conventions, housing is suddenly moving up on the priority list of lawmakers and industry stakeholders.A group of lawmakers, policymakers, and thought leaders gathered in Philadelphia at the Democratic National Convention to discuss housing policy choices facing the next Congress and administration in an event titled “Under Construction: How Will the Next President Remodel Home Lending?” The group included two U.S. Congressmen, Rep. Brad Sherman (D-California) and Rep. Michael Capuano (D-Massachusetts); Anne Fadullon, Director of Planning & Development, City of Philadelphia; and Susan Wachter, Albert Sussman Professor of Real Estate, Professor of Finance, The Wharton School; Co-Director, Penn Institute for Urban Research, University of Pennsylvania.Increasing the U.S. homeownership rate, which is near a five-decade low, was a focal point of the discussion. Wachter tweeted, “24% of 18-24 yr olds are owners & an almost equal % are living at home w their parents..an historic high” and “We don’t have the option of doing nothing. . . Fannie and Freddie are on a timeline to closing.” The capital buffer for Fannie Mae and Freddie Mac is required to be reduced to zero by January 1, 2018, at which point taxpayers will be on the hook for any losses they may incur if they are still under conservatorship of FHFA. in Daily Dose, Featured, Government, News In order to encourage more first-time buyers to enter the housing market, Sen. Ron Wyden (R-Oregon) earlier this month that would provide first-time buyers with a refundable tax credit equal to 2.5 percent of the home’s purchase price for homes purchased for less than $600,000 (maximum credit of $10,000).Participants in the discussion were skeptical of this, however. Sherman tweeted about Wyden’s proposal, “To GOP ‘Tax credit to accomplish the same goal is a smaller sin’ than ‘spending money to help people.’” Nevertheless, he said, increasing the homeownership rate is critical, because “The way into the middle class for many people, including me, is homeownership.” Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribe Homeownership Housing Policy 2016-07-26 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Homeownership Housing Policy Previous: First-Time Foreclosure Starts Lunge to Lowest Levels Next: Land Records Research Webinar Offered By Nationwide Title Clearing Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Mortgage rates hovering above record low levels are helping the homeownership rate somewhat, but housing has been constrained by consistently low inventory. Not only that, the low rates are encouraging many who are already homeowners to refinance rather than move and buy another house. Still, “Anything that keeps interest rates on mortgages lower…that’s a salient political issue for homeowners,” Capuano tweeted.Homeownership remains an impossibility for some families for a variety of reasons, chief among them inability to save for a downpayment or bad credit (or no credit). Fadullon tweeted, “Huge % of our pop. for which homeownership is completely out of reach & they just want a place to call home” and “We have…an affordability issue combined w a poverty/income issue in Philly.” Servicers Navigate the Post-Pandemic World 2 days ago Share Save Homeownership Re-enters Political Discussions About Author: Kendall Baer July 26, 2016 1,038 Views last_img read more

Calls for Stormont to be temporarily restored to deal with Brexit

first_img Important message for people attending LUH’s INR clinic Facebook The Fianna Fáil leader is calling for the Stormont Assembly to be temporarily restored immediately to deal with Brexit.Micheal Martin says the British Prime Minister and the Taoiseach should make this a priority when they meet in Dublin on Monday:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/09/martin7pm.wav00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Harps come back to win in Waterford Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews News, Sport and Obituaries on Monday May 24th Previous articleUpdate: Two taken to hospital following crash at NewtowncunninghamNext articleFinn Harps 1 v 2 St Pats: FT Report News Highland DL Debate – 24/05/21 Pinterest By News Highland – September 6, 2019 Google+ Facebook Twitter Meanwhile, a law aimed at stopping a no-deal Brexit is going to become British law on Monday as Boris Johnson looks set to again be denied an election.The second vote on a snap election in the UK will come just hours after the Prime Minister meets with Taoiseach Leo Varadkar. WhatsApp Journey home will be easier – Paul Hegarty Calls for Stormont to be temporarily restored to deal with Brexit WhatsApp Arranmore progress and potential flagged as population growslast_img read more