Congresswoman Alexandria Ocasio-Cortez has proposed a $30 billion annual budget to combat the housing affordability crisis in the United States. The plan aims to address increasing housing costs and provide financial relief for those struggling to afford homes.
Positive
Investing in companies focused on housing development, affordable housing initiatives, or related sectors could benefit from increased government funding aimed at alleviating housing issues.
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Real estate investment trusts (REITs) may face pressure if the proposed budget primarily focuses on government-subsidized housing and decreases demand for market-rate rentals, potentially impacting their stock prices.
Oct 10, 2024, 12:46 PM
Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.
Oct 8, 2024, 10:33 AM
Realtor.com broke down the top ten real estate markets that are likely to see the most impact from falling mortgage rates. Topping the list is Washington, D.C.
Oct 6, 2024, 8:11 PM
Housebuilders say they have thousands of social homes ready to be built but no customers to buy them.