Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the new bill that Congress passed!
Today’s article is from MortgageProfessional.com “Senate passes ROAD to housing act.” This bill still needs to pass the house, but it is the administrations attempt to address affordable housing challenges. And, it’s bipartisan!
So what is in the bill? There’s a to still uncover, but here’s what we’ve found so far: – Federal grants to help housing and builders – Cutting of red tape – Zoning help – Building housing in rural areas that have transit hubs – Making it easier to bring in young appraisers. The cost of getting appraisers has escalated, and this should help with that – Easing lending on tiny homes
There are around 35 different provisions in this bill. It’s been over 10 years since bipartisan housing help has passed through the senate, and many amendments are strong immediate housing needs. Listen in as we discuss this and more!
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About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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Interest rates are of course making home less affordable nowadays, but that’s not the only increase. Home insurance has increased in some areas as much as 50% in recent years. What can we do about this?
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