Real Estate

Biden looks to give a big boost to homebuyers and builders

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A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November.

George Frey | Bloomberg | Getty Images

Anyone looking to buy a home today is likely frustrated by sky-high prices and slim pickings. But President-elect Joe Biden, who takes office Wednesday, will aim to ease those issues as he gears up to implement his plans for the housing market.

From home financing to home construction, Biden’s plans are focused on affordability. Here are some policies he could push for:

  • $15,000 first-time homebuyer tax credit
  • Urging big banks to get back into FHA lending
  • Encouraging new construction of both…



Source cnbc.com

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