Home prices are at an all-time high, due to a persistent lack of inventory
With home prices at an all-time high, the Biden administration is planning to address rising housing costs with a slew of new programs to boost supply, officials announced on Thursday.
That persistent lack of inventory has driven U.S. home prices to an all-time high. Many homeowners who bought during the pandemic are effectively locked into their homes due to their relatively rock-bottom mortgage rates, and either unwilling or unable to sell. “One of the things we want to do is ensure that the American people have access to affordable rental units,” Todman said.
“Building housing is expensive,” Todman said. “What this program will do is not necessarily make it less expensive to build the housing, but allow there to be more federal resources involved in building the units, thereby making it more affordable for families to live there.”“From a renter’s perspective, what they will see is more units coming online in their neighborhoods, across states, and more opportunity to find a rental unit that is affordable to them,” Todman added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Deceased woman's remains, cremated remains found at Denver home rented by former funeral home ownerStephanie Butzer joined the Denver7 team as a digital producer in June 2018, became the senior digital producer in February 2023 and as of December 2023, is the team's executive producer.
Baca lebih lajut »
Home Based: Mob Wife Aesthetic Home Décor Is A Crime Worth CommittingMaximalist sofas, Versace dinnerware, vintage lamps, and faux fur throws are at the top of America's most wanted list.
Baca lebih lajut »
Thieves take off with sick Montgomery County woman's home while she recovers in nursing homeIt's a home that the victim's sister, friends, and community members help put together. Now, it's gone after a video shows thieves hitching it to their truck.
Baca lebih lajut »
Fire engulfs home, leaving two hospitalized and home lostSAN ANTONIO -According to the San Antonio Fire Department, the incident happened near the 21800 block of Dolomite Drive around 1:30 p.m. Sunday.Officials share
Baca lebih lajut »
WATCH: Biden-Admin Admitted Migrants March Across Bridge over Texas-Seized Border ParkSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Baca lebih lajut »
Biden Admin Used Parole Loophole to Free Laken Riley Murder Suspect into U.S.Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Baca lebih lajut »