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Janet Yellen Says It's 'Almost Impossible' For First-Time Homebuyers To Enter Housing Market [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
That's made it "almost impossible" for first-time homebuyers to enter the housing market, U.S. Treasury Secretary Janet Yellen said during her testimony before the House Ways and Means Committee. "With house prices having gone up and now with much higher interest and mortgage rates, it's almost impossible for first-time buyers," Yellen said. President Joe Biden has proposed a pair of tax credits to help solve the housing crisis. The first proposed tax credit would provide $10,000 to first-time homebuyers. A separate $10,000 tax credit is proposed for homeowners who sell their "starter home" to move into a bigger house. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Want To Grow Your Wealth Passively? Unlock Real Wealth with Cityfunds' Exclusive 8% Yield Fund "We know that affordable housing and starter homes are an area where we really need to
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