Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.
Read More »Interest Rates Raise Typical Monthly Mortgage Payment to Over $2,600
”It shows that the Fed’s interest-rate hikes are working and increases the chance they’ll only hike rates one more time this year,” said Redfin Economic Research Lead Chen Zhao.
Read More »Who’s the Most Frugal Homebuyer of Them All?
While finding the right home is proving to be a barrier for many buyers, here’s what a new survey revealed about which generation was going over budget in their real estate quest.
Read More »The Week Ahead: Industry Leaders Gather to Discuss Diversity
The Five Star Diversity Symposium comes to Dallas, putting the focus on the importance of diversity and inclusion. Here's what else is happening in The Week Ahead.
Read More »$42 Billion: HUD’s Budget for 2018
On Thursday, U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Ben Carson testified before the Senate Banking Committee. "At HUD, we believe the requested level of funding–$42 ...
Read More »New York Homeowners Exceed Their Initial Housing Budget
It isn’t easy living in the Big Apple, ask any homeowner in the metropolis and they’ll agree. But, they’ll also agree that there’s no place like New York. ...
Read More »Secretary Carson Kicks Off Homeownership Month with Forum
Dr. Ben Carson, Secretary of the Department of Housing and Urban Development, is gearing up for a big June. On the heels of a recent proclamation from President Trump, declaring the month “National Homeownership Month,” Dr. Carson hosted an academic forum at his agency earlier today. He’s also preparing to go before Congress next week to discuss Trump’s recent 2018 budget blueprint, which proposes a $6.2 billion cut from HUD’s funding.
Read More »How the Budget Proposal Impacts HUD
Several HUD programs are slated to be cut according to the recent budget proposal, including the Community Development Block Grant (CDBG) Program. According to HUD, the CDBG Program has not been effectively targeting the poorest communities and has not demonstrated a measurable impact on communities. Other programs are to be cut due as HUD states that State and local governments are better-positioned to serve their communities’ needs in place of these programs.
Read More »HUD Budget Could be Cut
HUD should expect a $6.2 billion budget cut on 2018, a 13.2 percent decrease from the 2017 annualized CR level.
Read More »HUD Secretary Proposes Budget for 2016
Secretary Castro said combatting homelessness is a crucial component to the budget. According to Secretary Castro living in a safe, stable home is one of the biggest predictors of a child’s success in both school and overall health. He said that’s why the HUD budget is also “proposing funding that would effectively end chronic homelessness and make significant strides in our work to end homelessness among families and youth.”
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