Real Estate News 03/11/2024

Today’s News Synopsis:

President Joe Biden declared triumph on bread-and-butter issues in his State of the Union address, describing the U.S. economy as “the strongest in the world.”

In The News:

ABC News – “Biden proposes relief for homebuyers. Here’s what to know“ (03-09-24)

“Biden proposed a pair of tax credits for current and prospective homeowners meant to ease affordability and stimulate the housing market.”

Yahoo Finance –  “The Fed’s 2% inflation target is a source of growing liberal discontent“ (03-10-2024)

“The Federal Reserve’s goal is to get the inflation rate at least near 2% before it begins cutting interest rates.”

Zillow –  “Understanding Affordability” (03-06-24)

“Affordability is a paramount issue in housing and will continue to be into the future. This dashboard brings the impact of higher mortgage rates to new homeowner affordability and “emotional algebra” to bear on price-to-income ratios to surface the reality of saving for a down payment all by yourself.”

NAR – “Colors to Avoid When Selling a Home” (03-04-2024)

“There’s a reason why home stagers prefer white or neutral colors when preparing a home for the market. Some colors can be distracting and a turn-off to home buyers. ”

Yahoo Finance-  “How Biden riffed on the economy during a fiery State of the Union” (03-08-24)

“President Biden departed from his own script numerous times during Thursday night’s State of the Union address to talk about economic issues.”