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Fannie Mae and Freddie Mac Face Privatization Under New Leadership
Fannie Mae and Freddie Mac are key players in the American housing market, making buying a house more predictable for homeowners and attractive for those investing in home loans. Basically, they help keep th...
Why Owning a Home Feels Like a Dream Out of Reach for Younger Americans
Many people in the United States who don’t own homes are losing hope that they’ll ever be able to afford one. A survey from Northwestern Mutual, a life insurance company, found that over hal...
Plans to Make Affordable Homes Energy-Efficient Put on Hold by Federal Agency
Earlier in the year, two apartment buildings in Chicago, home mostly to elderly people with lower incomes, were about to get a significant makeover to save energy. The idea was to use a m...
Los Angeles Housing Authority Pauses New Section 8 Applications Amid Funding Uncertainties
The Housing Authority in Los Angeles is not taking new applications for its Section 8 housing voucher program for now. This decision affects around 3,300 families who were hoping to g...
House Down Payments Are Getting Bigger, Now Averaging Over $63,000
Buying a house is becoming more expensive, not just because of the price tags on homes, but also because the initial payment you make, known as the down payment, is going up. That's the chunk of money bu...
Home Buying Budget: Key Factors to Consider
When you're thinking about buying a house, figuring out how much you can spend is a crucial first step. There are several things that shape your budget, such as: The size of the loan you can get and the interest ra...
Five U.S. Cities Offering Cash Incentives to Attract New Residents
Five cities across the country are willing to pay you to move there. Due to population aging and declining birthrates, these places are taking bold steps to bring in new residents. They hope to boost local b...
Tucson's Old Motel Transforms into Affordable Homes
In Tucson, Arizona, something exciting is happening. The city is getting ready to start on a great project called Amazon Flats. This project will change the old Amazon Motel into 30 homes that people with less money can...
Essential Guide to Home Loans for First-Time Buyers in 2025
Buying your first home is a big step, and figuring out how to pay for it can be stressful. But there are special loans designed to make it easier for first-timers. These loans often require less money up f...
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