The debate over the large builders’ elevated use of mortgage buydowns — and the potential risks to buyers — isn’t new. Reigniting the argument, a recent report from the American Enterprise Institute (AEI) asserts that mortgage buydowns among the large builders are artificially inflating new home prices, therefore creating a risk for buyers in the […]
Are mortgage buydowns a lifeline or a risk for new homebuyers? Read More »
Monthly payments for new and existing homes are now nearly equal, amid a trend of stagnating prices and increased use of mortgage buydowns among builders. That was one of the main findings from Realtor.com’s Q3 New Construction Report. According to the report, buyers purchasing a new home last quarter had an average mortgage payment only
New home price premium hits record low Read More »
From fast-growing Sun Belt metros to long-stalled coastal markets, local, county, and state jurisdictions are grappling with ways to unwind decades of regulatory deadweight, zoning bottlenecks, community opposition, and procedural drag that choke off new housing supply. A rare federal assist may be taking shape on Capitol Hill. On Wednesday, U.S. Reps. Mike Flood (R-Neb.)
House bill seeks to streamline affordable housing development Read More »