New Perks for Buyers and Sellers—Home Sweet Home Just Got Sweeter!
July 02, 2024 | Read Online | | | | Hey there, Future Homeowners and Savvy Sellers! | | President Biden just dropped some major housing news, and it's got everyone buzzing. Let's dive into the details of his new housing affordability plan and see what it means for you. | | INCENTIVES
Biden's Housing Affordability Plan: Tax Breaks for First-Time Buyers & 'Starter Home' Sellers | | Key Points: | $10,000 tax credit for first-time homebuyers spread over two years. One-time $10,000 tax credit for sellers of "starter homes." Measures aimed at boosting housing affordability amid high costs and low supply.
| | Deep Dive: | President Biden's new plan includes juicy tax credits to tackle the affordable housing crisis. First-time homebuyers get a two-year "mortgage relief credit" totaling $10,000. Sellers of "starter homes" can snag a one-time $10,000 credit to help boost the housing supply. While mortgage rates and prices have been climbing, these incentives aim to make buying and selling homes a bit more manageable. | | Why it Matters: | These tax breaks could be game-changers for both buyers struggling with high costs and sellers looking to move up. With the average household spending over 41% of their income on home purchases, this plan might just be the push needed to ease the burden and balance the market. | | Curious about how these tax credits can impact you? Click HERE for the full scoop and get all the details! | | Happy house hunting and selling, everyone! 🏡 | Best regards,
The New Wealth Daily Team | P.S. Don't miss out on the latest housing trends—Subscribe now and stay in the know! | | MUST-WATCH | | | | |
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