Biden’s $15,000 first-time homebuyer tax credit explained
Consumers would get a payment when they buy a house, not at tax time Former Vice President Joe Biden has proposed a $15,000 tax credit to help first-time homebuyers purchase a property. As is typical for campaign proposals from either party, the details remain to be fleshed out. And before any tax credit would be put in place, it would have to be hashed out in a bill passed by Congress, which controls U.S. tax policy. Biden’s proposal, as explained on his campaign website, is
Owning a Home Is Still More Affordable Than Renting One
If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why. ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states: “Owning a median-priced thr
Amazon creates $2 billion affordable housing fund that includes Northern Virginia
Northern Virginia is among three regions across the country that will benefit from a Housing Equity Fund being created by Amazon. Amazon announced the fund on Wednesday and said it represents a more than $2 billion commitment to preserve and create more than 20,000 affordable housing units in its three headquarters areas: Northern Virginia, Washington State’s Puget Sound region and Nashville, Tenn. For these three regions, in which the company has or expects to have at least
Why Not to Wait Until Spring to Make a Move
The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season. 1. Mortgage Rates Are Historically Low In 2020, mortgage rates hit all-time lows 16 times. Continued low rates
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