House Republicans Pass Tax Bill, Real Estate Industry Continues Fight for Homeowners

After much conversation revolving around tax policy, and anticipation from the Republican Party to successfully pass tax legislation by end of year, House Republicans passed their controversial tax overhaul plan in a successful 227-205 vote. President Donald Trump visited Capitol Hill on the morning of the announcement to promote the legislation. The Senate will still […]

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Trump Administration Proposes 2018 HUD Budget

The Trump Administration on Tuesday announced its 2018 proposed budget for the U.S. Department of Housing and Urban Development (HUD), scaling back funding to the agency approximately 13 percent to $40.68 billion. The proposed budget preserves rental assistance for 4.5 million low-income households, but recommends reforms to the Housing Choice Voucher (HCV), Housing for the […]

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Real Estate Industry Sounds Off on Trump Tax Plan

President Trump’s proposed tax plan has been met largely with disapproval from the housing industry, with several constituents concerned about a change that would double the standard deduction—and, in effect, invalidate the tax benefits of owning a home. “For roughly 75 million homeowners across the country, their home is more than just a number,” said […]

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Positive Trends to Emerge for Buyers in 2017

In 2016, home prices experienced increases, despite the predictions of many that prices would fall for the first time since the recovery began. Home price gains were buoyed mostly by limited inventory, with entry-level homes being particularly short in supply. Many areas across the country saw sales prices touch their pre-2007 values, while mortgage rates […]

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Who Will Be Most Impacted by Trump’s Proposed HUD Cut?

One of the major casualties of President Trump’s proposed budget cuts to the Department of Housing and Urban Development (HUD) is Section 8 rental assistance, which stands to lose $3 billion. According to data recently analyzed by Trulia, that reduction would hit home—literally—for African-American, urban and young households. Drawing on data from the Census Bureau’s […]

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Home Builder Confidence Harkens Back to 2005

Home builders’ confidence in the new single-family housing market is harkening back to 2005, rising to a reading of 71 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)—the highest level in 12 years. Index readings of 50-plus indicate more builders identify the market as “good” than “poor.” “Builders are buoyed […]

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Trump Budget Cuts HUD Funding 13.2 Percent

The Trump Administration on Thursday released a budget outline for the 2018 fiscal year, proposing $6.2 billion in cuts to the Department of Housing and Urban Development (HUD), or a 13.2 percent reduction. Funding for the agency would total $40.7 billion, with $35 billion allocated to rental assistance programs, $130 million to lead-based paint mitigation […]

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HUD Could Lose $6 Billion, Preliminary Trump Budget Reveals

The Trump Administration is considering cutting over $6 billion from the Department of Housing and Urban Development (HUD), lopping off 14 percent of its budget for fiscal year 2018, The Washington Post recently reported. A preliminary document obtained by the publication reveals the Administration’s plan to cut $1.3 billion from the public housing capital fund […]

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On the House: Could Trump Really Dismantle Dodd-Frank?

(TNS)—In President Trump’s America, it can be hard to keep up. There are executive orders, memoranda, proclamations and tweets. Changes to immigration, health care, the armed forces and crime. More than two dozen actions have been signed in more than a month. If it feels some days like your head is spinning, take solace: A […]

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Carson Confirmed to Lead HUD

The U.S. Senate issued a final vote Thursday confirming Ben Carson as secretary of the Department of Housing and Urban Development (HUD), 58-41. The party-line approval assigns Carson leadership of the agency, which currently has a budget of $47 billion and more than 8,000 on staff. The housing industry largely took a wait-and-see approach throughout […]

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