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How Will Changes at HUD Impact Older Americans?
As the baby boomer generation enters retirement age, a larger number of Americans are now over the age of 65. In fact, as of 2020, about 55.8 million people, or one in six, fall into this age group. However, a recen...
Wyoming First-Time Homebuyer Assistance Programs
Buying your first home is a big financial step, especially when thinking about the down payment and closing costs. Luckily, if you're planning to buy a home in Wyoming, the Wyoming Community Development Authority (WCDA...
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...
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