Housing and Urban Development Secretary Shaun Donovan left the door open to extending the tax credit but said that the White House will be «focused like a laser»
on stabilizing the housing market.
«This legislation puts FHA on firmer footing to achieve its dual mission of helping to
stabilize the housing market during tough times and providing affordable home ownership options to underserved American families while protecting the American taxpayer by bolstering the strength of the fund.»
These moves and other housing policy actions — along with a reduced backlog of unsold homes following several years of little new construction — helped
stabilize housing markets by 2012 (Duca 2014).
Any changes to the mortgage interest deduction now or in the future could threaten recent progress
toward stabilizing the housing market, critically erode home prices and values, destroy middle - class wealth accumulation and hurt economic growth.
Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to
stabilize the housing market in the near - term, and provide support in the future.
In December, Federal Reserve economists said the interest from hedge funds
helped stabilize some housing markets and increased offerings to families shut out of homeownership by the tighter credit environment.
The left - leaning New Democratic Party (NDP) came to power last year with a pledge to improve housing affordability and its first full budget is expected to include measures to curb speculative demand, crack down on tax cheats and money laundering, and
stabilize housing markets.
A stabilizing housing market.
Oh, and he also saved the auto industry,
stabilized the housing market, and oversaw the expansion of marriage equality to the entire nation.Image by Occupy Democrats, LIKE our page for more!
Like Ontario, British Columbia introduced several measures including a tax on foreign buyers in the Vancouver area last August in an effort to
stabilize the housing market.
Would it help to
stabilize the housing market?
On the one hand, I can see how a 20 % standard would ensure that home buyers are responsible and reduce the likelihood that they default on their mortgages, which would help
stabilize the housing market.
Since 2009, government agencies, servicers, investors and consumer advocates have collaborated to
stabilize the housing market and help homeowners avoid foreclosure following the financial crisis.
Apgar continued, «Together, these initiatives represent a combined $ 3 billion investment that will ultimately impact a broad group of struggling borrowers across the country and in doing so further contribute to the Administration's efforts to
stabilize housing markets and communities across the country.»
NAR was concerned that a QRM definition that included a 20 % or 30 % downpayment requirement would create significant barriers for millions of home buyers to qualify for low - cost financing, and could potentially frustrate efforts to
stabilize the housing market.
«Housing and homeownership issues affect all Americans, and
stabilizing the housing market is critical to the nation's economy making a meaningful recovery.»
On July 30th, 2008, the President signed the Housing and Economic Recovery Act of 2008 (H.R. 3221) into law to
stabilize the housing market and help alleviate the financial crisis.
«Clearly there are many challenges to
stabilizing the housing market,» Villacorta says.
(TNS)-- Despite increases in home prices and
a stabilizing housing market, many experts say the foreclosure crisis is far from over.
DONOVAN ANNOUNCES RECOVERY ACT»S HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST - TIME HOMEBUYERS TO BUY A HOME FHA plan will stimulate new home sales and help stabilize housing market
The FHA also began with a few other purposes and goals in mind: — To regulate the interest rate and mortgage terms it insures and thus increase the number of people who can afford to buy a home — To improve the national standards of housing — To set standards for home construction — To establish a strong financing system to encourage home ownership — To stabilize the housing market
(MCT) REGIONAL SPOTLIGHT —
The stabilizing housing market is becoming a curse for first - time homebuyers.
The Cincinnati metro area was one of the hardest hit areas in the nation following the housing market downturn and an area where the Administration's broad approach to
stabilizing the housing market has been very active.
This would help to absorb the inventory and
stabilize the housing market.
Assistant Treasury Secretary Michael Mundaca stated that, despite its problems, the homebuyer tax credit helped to spur more than 2.5 million new home purchases and helped to
stabilize the housing market.
The President took immediate action to
stabilize our housing market and protect the middle class.
The President immediately took unprecedented steps to
stabilize our housing market and protect the middle class, and later, when there was a log jam in Congress, the President took a number of significant administrative and enforcement actions that helped heal the housing market.