Author: AdminPOM

Fannie Mae Considering Programs to Help Homeowners Build Their Properties

It is no secret that the homebuilding industry has suffered since the global economic crisis. Before the crisis, there was over two million home starts a year but the figure plummeted to below half a million in less than three years. Even today, there are slightly over one million home starts per annum, about half of the pre-crisis peak. Fannie Mae is known for helping borrowers buy homes, but it is considering a number of pilot programs that would increase the affordability of property. The first proposal is to provide prospective homeowners with a loan to build their homes....

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Home Construction Reaches One Year High But Sales Are At Their Highest Level in a Decade

There has been much debate about the nationwide housing shortage, but home construction firms are doing their best to rectify the situation. Their hard work has resulted in a much-needed boost for potential homebuyers. New home construction is at its highest level in a year according to the Commerce Department. Construction of new properties rose by 13.7 percent in October with a significant increase in apartments and single-family homes. However, rather than being a predictable trend, October’s statistics were at odds with data from 2017 as a whole. So far, housing starts have increased by just 2.4 percent; primarily...

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How Will The Republican Tax Plan Impact the Housing Industry?

On November 2, 2017, the Republican Party unveiled it’s tax plan, and some of the most interesting aspects of it relate to the housing industry. There are three key points to consider: A reduction in the amount of mortgage interest that can be deducted. A property tax deduction cap. Capital gains exemption limits which are used by homeowners that sell their property. First and foremost, it is important to note that this plan is a long way from passing into law; but it is worth looking at the potential impact on the housing industry nonetheless. Mortgage Interest Deduction At...

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Is Co-Housing the Right Option for Seniors?

The co-housing movement is beginning to gather steam across the United States. At present, there are almost 170 such communities in the United States, and as the baby boomer generation retires en-masse, co-housing is beginning to look a lot more attractive than downsizing. What is Co-Housing? A co-housing community tends to be comprised of anywhere from 15 to 35 individual and private homes built around a ‘common area.’ The entire purpose of co-housing is to encourage interaction with your neighbors; a welcome removal from the modern day situation where people often don’t know the names of the people next-door....

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4 More Great Home Communities with Properties from the $200s

At New Homes Section, our main goal is to keep you up to date with all the happenings in the world of home purchasing. As part of our mission, we constantly look for details of outstanding and affordable new home communities across the United States and today, we have uncovered four more wonderful locations with properties from as little as $209,990. MiraBay in Boca Raton, FL (CalAtlantic) MiraBay is a stunning home community situated in sun-kissed Tampa, Florida. Tampa is one of the largest cities in the state with a population of almost 380,000 while the metro area is...

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