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How a strategic coalition is fighting homelessness in Dallas

Housing Wire

Chief among those challenges is a lack of affordable housing, according to industry sources in the Dallas area who are attempting to address the crisis. The voucher program, also referred to as Section 8 , is designed to cover rental costs to ensure very low-income families, the elderly and the disabled can afford housing.

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Down payment assistance programs are a boon amid mounting pressure on homebuyer affordability

Housing Wire

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’”

FHA loan 442
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HW+ Member Spotlight: Reina Ramos

Housing Wire

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. Early in my career I worked for one of the country’s largest mortgage lender during the early 2000s.

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Housing Market Tracker: Inventory drops as mortgage rates move higher

Housing Wire

I am keeping an eye on how much growth we can get with mortgage rates over 6%. I am looking forward to seeing how the data reacts to higher rates. Unlike the COVID-19 recovery, which was fast and sharp, we are now dealing with a much different backdrop. Since Nov.

Mortgages 487
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Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments.

Finance 441
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How to chip away debt and become a first-time homebuyer

Housing Wire

As you start the real estate process, saving for a down payment—often while paying off debt in tandem—can feel like a big hurdle. How much house can you afford to buy? For a long time, I would make minimum payments on credit cards/student loans and glance at my accounts a few times per year. Buying a home?

Loans 437
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2023 is the year of action for the housing industry

Housing Wire

If we can get past Q1 then things start looking up for the rest of the year, with rates expected to get down to 5.2%. I’ve never been one for New Year’s resolutions or coming up with themes for each year, but much to my surprise when I sat down to write, a theme emerged from the holiday fog: 2023 is a “Year of Action.”.