Monday, January 31, 2022

did the president succeed or fail, Nancy? [video]

Nancy, where are we at with Biden's promises on fixing the housing market?... (continue reading).
Roomvu

BIDEN'S FIRST YEAR:

Has the President Succeeded or Failed in Fixing the Housing Market?

  ▶︎ 

  Prepared for:  
 Nancy Monts-lium 

Report Source: Realtor.com

Nancy, where are we at with Biden's promises on fixing the housing market?

Most of Biden's housing policies and campaign promises are tied up in his Build Back Better bill, which is struggling to make it through Congress. The administration want to provide more funds to increase the supply of housing but it hasn't been able to cross the legislative finish line. However, even if the plan passes and more money is allocated for affordable home construction, experts aren't optimistic about its success.

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What Promises has Biden Made to Homebuyers? 

Biden promised first-time homebuyers:

a tax credit of up to $15K to help offset high prices in the housing market.

Downpayment Toward Equity Act of 2021:

which would provide $25K to lower-income buyers to purchase their first home.

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Anna Perry 

Communications Manager

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