Tag Archives: Budget

Mortgage rates hovering around the 7% mark are cutting into buyers’ budgets, according to a new report from Redfin. It found that a buyer on a $3,000 monthly budget can afford a home valued at $429,000, assuming a 7.4% mortgage. But how does this stack up when compared to last year?

Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years.  This information comes to us from a new analysis by Redfin which found that ...

Higher raw material costs, along with continuing shortages, contributed to homeowners underestimating the costs to complete a DIY project.

Included in the plan is $47.9 billion for the Department of Housing and Urban Development. How does this stack up to last year’s funding?

A new survey revealed factors that were proving to be a challenge for homebuyers in finding the right property. But here’s what it found about generational behaviors while buying a home.

A new report looks at the many factors that go into renovating homes and the headwinds that home flippers face, especially while looking for funding.

A study ranking 150 cities on the basis of their operating efficiency looked at the best and worst in keeping the best services and budgets for their residents. While the best city isn’t what one would expect, the worst one may or may not surprise.

HUD Secretary Ben Carson is preparing for a big June as he kicks off the newly proclaimed National Homeownership Month with a forum at his own agency today. He’ll also go before Congress next week to discuss potential HUD budget cuts via Trump’s recent 2018 budget blueprint, which slashes the agency’ funding by more than $6 billion. The cuts will also significantly reduce HUD’s rental assistance program, which Carson recently discussed in a Sirius XM radio interview.

The president plans to reduce spending in nearly every department, including the Department of Housing and Urban Development, and move the difference into defense spending.