Remove 2002 Remove Buyers Remove Home Improvement Remove Insurance
article thumbnail

Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Lower homeownership rates mean there will be fewer buyers.

Legal 329
article thumbnail

SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. For example, a mortgage-approved buyer will be able to purchase a $938,000 single-family home (or possibly townhome or condo) with 5% down and keep within the new threshold.

Sellers 36