How To Afford A House; New Tax Credit Tools From IRS

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Homeownership is a distant dream for many young Americans.

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The “American Dream” has long been built on the foundations of the home. However, as income and wealth inequalities swell and house prices reach new heights, that dream is becoming increasingly elusive, especially for those looking to buy their first home. This week Forbes published a series of stories to help you understand the flaming housing market and evaluate your place in the hearth. Plus, read on for the latest on tax hikes, reinvented index funds, wills, and more.

Keyword The Talking Heads

House prices are burning across the country –Here’s what (and doesn’t) start the fire. If you’re still interested in taking advantage of today’s low mortgage rates, Make sure you can actually afford the house You hope to buy. In the meantime, there is some encouraging news: The Biden administration is taking steps to close the loophole between black and white home ownership rateswhich is now wider than it was more than 50 years ago, just before the 1968 Fair Housing Act was passed.

The administration is also easing federal regulations to get it done easier for those with student loan debt to get approved for low down payment FHA mortgages. And a new startup just launched a rewards credit card that you can use Earn points on your rental and finally apply it to a down payment on a home.

Repair test run

New unemployment claims stayed flat last weekwhich signals that the ailing labor market has a longer recovery ahead of it. Wondering how exactly is the Fed’s rate policy affecting employment, inflation, and even housing construction? Forbes consultant breaks it down. And on the eve of June 10th, the mayors of 11 US cities (including LA and Denver) approved the establishment Pilot programs that offer reparations to some black residents of their communities.

Novel graphics: wood! Timber prices are falling

Fact set

Source: fact set

Index funds of the future

Meet our hedge fund reporter, Antoine Gara, Exxon’s activist investor, the Attempt to reinvent the index fund with a fascinating new ETF. While Bitcoin fluctuates between $ 30,000 and $ 35,000 (up from $ 63,000 in mid-April), Michael Saylor’s business analytics company MicroStrategy doubles with it another $ 500 million purchase the volatile cryptocurrency. Tech-heavy Nasdaq hits new highs; here are the best performing stocks lead the increase.

Keeping up with child tax credits

The IRS launched two new tools to help the 36 million Americans eligible for the newly improved child tax credits make the change. Payments will be in bank accounts in a few weeks, however Here are the details you need to know today.

Do you want to write a will?

It’s not a fun job, but hopefully it is dramatic court case in Oklahoma convinces you Prepare a clear and professionally written will. Unfortunately, a new government study found that Covid-19 may be more deaths in nursing homes by almost a third in 2020. Finally Here’s a quiz to help you determine when a senior in your life may be financially exploited.

source https://collegeeducationnewsllc.com/how-to-afford-a-house-new-tax-credit-tools-from-irs/