News and Resources

The latest from the Alliance, our partners, and peers.

Choose your topic

View All
Resources
News
Feature
View All
Resources
News
Feature
Shining a Light on the Modern Housing Story

More than 20 years ago, the federal government recognized June as National Homeownership Month to celebrate the value of owning a home and help bolster the homeownership rate throughout the country. Each year, the American…

Shining a Light on the Modern Housing Story

More than 20 years ago, the federal government recognized June as National Homeownership Month to celebrate the value of owning a home and help bolster the homeownership rate throughout the country. Each year, the American Property Owners Alliance (The Alliance) takes part in the celebration by launching a unique campaign to guide our advocacy efforts and create meaningful conversation among current and prospective homeowners. This year, we’re excited to honor National Homeownership Month by launching the #OurHousingStory campaign. Throughout June, The Alliance will paint a picture of the state of housing in America by highlighting the experiences of renters, buyers and homeowners alongside the latest housing market data and trends. As a nonprofit, nonpartisan grassroots organization, our aim is to demonstrate to policymakers the tangible effects of rising housing costs on the lives of Americans, urging immediate action to tackle the collective housing challenges we face. It's no secret that Americans face a range of obstacles when it comes to housing – from fluctuating mortgage rates to low supply to rising property taxes, home prices and rents. At the same time, the overall cost of living in America is increasing at a rapid rate, and housing is making up the largest expense. In fact, housing comprises about 33% of Americans’ household income. All these factors combined create barriers to owning a home and protecting the equity Americans build through homeownership. While the White House issues a National Homeownership Month proclamation each year to recognize the value of homeownership and the pressing affordability issues Americans face, lately, the federal government’s actions to address today’s housing challenges are not meeting the moment. The data surrounding escalating housing costs is shocking, but it doesn’t tell the full story of today’s challenges. By elevating the voices of modern homeowners, buyers and renters, we’re amplifying how building wealth through homeownership has changed throughout the past 10 years, 20 years, 30 years and even longer. What’s more, we’re showcasing to policymakers the critical need to push forward common-sense, pro-housing policy solutions now so we can safeguard homeownership in America for years to come.

How You Can Get Involved

At The Alliance, we bring together industry experts with homeowners, buyers and renters to create a strong voice for our leaders to hear, and we want you to add your voice! Get involved in the #OurHousingStory campaign by
[rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
 
First-Time Home Buyer Resource Part 2: Navigating the Market as a First-Time Buyer

Purchasing a home is the largest financial transaction most Americans will make, and often the most fiscally rewarding. Once you decide buying a home is the right investment for you and your future, it’s time…

First-Time Home Buyer Resource Part 2: Navigating the Market as a First-Time Buyer

[rsnippet id="39" name="First Time Home Buyers Resource"] Purchasing a home is the largest financial transaction most Americans will make, and often the most fiscally rewarding. Once you decide buying a home is the right investment for you and your future, it’s time to dive into the home search to find a property that meets your needs. Navigating today’s ever-changing housing market can seem daunting, especially for first-time buyers. However, with the right tools and resources, getting the keys to your first home can feel much more manageable. The Alliance has created part two of the First-Time Home Buyer Resource to help buyers embark on their home search, set a budget and understand the process of making an offer on their first home.

Access expert insights, learn about the value of a buyer’s agent and take advantage of the resources available to you as you start your homebuying journey by downloading our home buyer guide below.

Access the First-Time Home Buyer Resource Part 2

 
Thinking about buying your first home, but don’t know where to start? Learn more about the first steps in the home buying journey and the various programs available for new buyers in The Alliance’s First-Time Home Buyer Resource: Part 1.
A Big Change in Housing Transactions: Everything You Need To Know

In March, the National Association of REALTORS® (NAR) came to a settlement agreement that would resolve litigation brought on behalf of home sellers related to broker commissions. The agreement, which is pending court approval, is expected…

A Big Change in Housing Transactions: Everything You Need To Know

In March, the National Association of REALTORS® (NAR) came to a settlement agreement that would resolve litigation brought on behalf of home sellers related to broker commissions. The agreement, which is pending court approval, is expected to bring some changes to housing transactions. What are the changes and when will they take effect? Traditionally, sellers have paid a commission on the sale price of their home to their listing agent, who would make an offer of compensation to the buyer broker who brought the buyer who purchased the home. These offers of compensation have customarily been visible to real estate agents on a Multiple Listing Service (MLS), the databases where agents list homes for sale. As part of the proposed settlement, NAR has agreed to implement a rule that would prohibit offers of compensation on an MLS. Offers of buyer agent compensation would continue to be an option for consumers to pursue off the MLS. Additionally, buyers will need to enter into a written agreement with their agent that outlines exactly what services and value their agents provide, and for how much. These changes are expected to take effect in late July. How will real estate agents be paid? Real estate agents will continue to negotiate payment directly with their clients. Payment may not necessarily be percentage-based – buyer’s agents may be paid a flat fee or at an hourly rate. It is possible that some buyers may end up paying their agents out of pocket in addition to their downpayment and closing costs. As of now, buyers cannot include an agent fee in their mortgage or financing of their home.  How will the settlement impact home prices? Because both buyer’s and seller’s agent commission fees had traditionally been factored into the price of a home, many are anticipating a decrease in home prices as a result of these pending changes to the agent payment structure. However, despite this speculation that home prices will drop if NAR’s settlement is approved, it is not guaranteed that the agreement will result in lower prices for those looking to enter the market. Several other contributing factors - such as low inventory, increasing demand and fluctuating mortgage rates - continue to create roadblocks for prospective buyers and fuel the nation’s housing affordability crisis. The full impact of NAR’s settlement remains unclear when it comes to home prices and how agents will be paid. The Alliance will continue to provide the latest news and resources as the situation progresses. Follow us on Twitter (X), Facebook and LinkedIn to stay informed on the latest housing industry news and updates. [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
U.S. Government Passes Spending Bill to Fund Several Key Housing Programs, But the Threat of a Partial Shutdown Remains

The National Flood Insurance Program will lose funding if Congress cannot approve a budget to keep remaining government agencies open by March 22. On Friday evening, Congress approved a $460 billion spending package to fund…

U.S. Government Passes Spending Bill to Fund Several Key Housing Programs, But the Threat of a Partial Shutdown Remains

The National Flood Insurance Program will lose funding if Congress cannot approve a budget to keep remaining government agencies open by March 22.

On Friday evening, Congress approved a $460 billion spending package to fund many federal agencies and programs. With these new appropriations bills, key housing programs under the departments of Housing and Urban Development and Veterans Affairs have secured funding through the end of the year. Now, the government must negotiate a second spending bill to ensure all federal agencies are funded ahead of the March 22 deadline. If Congress fails to come to a budget conclusion, the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP) will be impacted. The NFIP will continue to pay out valid claims until funding depletes, but if the program runs out of funds before Congress can come to a spending conclusion, no new policies can be written and existing policies cannot be renewed. Currently, the NFIP is funded through March 22. Home sales in some areas could be impacted by an NFIP authorization lapse, as many mortgage companies will not approve loans without flood coverage. But even though the NFIP is the most commonly used flood insurance program, homeowners and future buyers may have other options; private flood insurance companies also offer coverage that would not be impacted by a government shutdown. Learn more about private flood insurance options here. [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Once Again, A Looming Government Shutdown Could Halt Access to Housing Resources

Everything you need to know about how a government shutdown would impact homeowners and buyers if lawmakers cannot come to a federal-spending conclusion by new March deadlines.   What is a government shutdown? Once again,…

Once Again, A Looming Government Shutdown Could Halt Access to Housing Resources

Everything you need to know about how a government shutdown would impact homeowners and buyers if lawmakers cannot come to a federal-spending conclusion by new March deadlines.

  What is a government shutdown? Once again, Congress was able to narrowly avoid a government shutdown by approving a temporary funding bill to keep U.S. government agencies open, shifting new deadline dates to March 8 and March 22. This “continuing resolution” will fund the Departments of Transportation, Agriculture, Housing and Urban Development, and Veterans Affairs, until March 8. Other federal agencies will receive funding until March 22. Before these deadlines, the U.S. federal government must pass appropriations bills to fund government operations for the next fiscal year. If lawmakers cannot pass the 12 appropriation bills needed to fund the government before these new deadlines, federal agencies must stop all non-essential functions until Congress acts, which is known as a government shutdown. If Congress passes some of the appropriations bills, only agencies without appropriations must shut down which is known as a partial shutdown. A government shutdown impacts federal programs that homeowners and buyers rely on. With the possibility of a full or partial shutdown in the coming months, we’ve compiled a list of potential impacts on federal loans and insurance, with resources to help you navigate a shutdown should it occur.   Federally Backed Mortgages About half of today’s mortgages are federally backed, many of which are utilized by low-income and first-time home buyers. Each federal lender has historically been impacted by government shutdowns differently:   U.S. Department of Housing and Urban Development: Federal Housing Administration and Ginnie Mae The Federal Housing Administration will continue to insure single-family loans (except reverse mortgages and Title 1 loans) during a government shutdown. Loan processing times could be delayed due to agency staffing limitations as a result of a shutdown. More information on the U.S. Department of Housing and Urban Development’s processes during a government shutdown can be found here. Ginnie Mae will also continue to operate during a government shutdown, however staffing limitations may cause delays in response times. Click here for frequently asked questions regarding Ginnie Mae’s functions during a federal funding lapse.   U.S. Department of Housing and Urban Development Services The U.S. Department of Housing and Urban Development’s Headquarters, regional and field offices will close for the duration of a government shutdown, with limited staff available to answer questions or concerns. In the event of an emergency, state or city housing offices can often provide referrals to local providers. Click here for more information. Currently, the U.S. Department of Housing and Urban Development is funded through March 8.   U.S. Department of Agriculture The U.S. Department of Agriculture (USDA) does not issue new loans or grants during government shutdowns. Although lenders may close loans with outstanding commitments, the USDA cannot guarantee these loans until employees return to work. Click here for more information on the USDA’s operational procedures during a federal funding lapse. Currently, the U.S. Department of Agriculture is funded through March 8.   Department of Veteran Affairs The Department of Veteran Affairs continues to process VA loans during government shutdowns. This means your loan application or payout should not be impacted by a government shutdown. More information can be found here. Currently, the Department of Veteran Affairs is funded through March 8.   National Flood Insurance The Federal Emergency Management Agency (FEMA) recently announced that its National Flood Insurance Program (NFIP) will not be able to issue new policies if it’s authorization lapses as a result of a government shutdown. The NFIP will continue to pay out valid claims until funding depletes, but if the program runs out of funds before new legislation is agreed upon, no new policies can be written and existing policies cannot be renewed. Currently, the NFIP is funded through March 22. Home sales in some areas could be impacted by an NFIP authorization lapse, as many mortgage companies will not approve loans without flood coverage. But even though the NFIP is the most commonly used flood insurance program, homeowners and future buyers may have other options; private flood insurance companies also offer coverage that would not be impacted by a government shutdown. Learn more about private flood insurance options here.     [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Executive Director Newsletter Q1 2024

As we continue to face housing affordability challenges affecting renters, buyers and homeowners, the American Property Owners Alliance remains committed to advocating for policies and regulatory changes that unlock more value for property owners and…

Executive Director Newsletter Q1 2024

As we continue to face housing affordability challenges affecting renters, buyers and homeowners, the American Property Owners Alliance remains committed to advocating for policies and regulatory changes that unlock more value for property owners and broader access to homeownership. In Focus: Tax Policies Impacting Homeowners and Renters Tax season is right around the corner, and The Alliance is helping homeowners understand and take advantage of the tax credits available to them. At the same time, we are advocating for federal tax policies that would expand deductions for homeowners and incentivize the development of more affordable homes and rentals. New tax provisions allow property owners to deduct up to 30% of the cost of qualified residential property equipment upgrades. If you made energy efficiency upgrades in 2023, be sure to take advantage of energy efficiency tax credits or keep them in mind for improvements you’re planning for 2024. Tax Cuts and Jobs Act provisions that have impacted homeowner tax deductions are set to expire in 2025. The Alliance is laying the groundwork now to help ensure that any new tax law will restore critical tax deductions for homeowners. Furthermore, bipartisan policies are on the table right now that can expand tax incentives to address America’s affordable housing shortage, improving access to affordable homes and rentals. We welcome you to learn more about these commonsense solutions and add your voice to support the swift passage of these policies.   What's New During Black History Month, we honor and celebrate the many generations of Black Americans who have helped shape our nation. This month and throughout the year, we also acknowledge that the gap in the Black-White homeownership rate is the largest it has been in decades; today, only 44% of Black Americans own a home, compared to 72.7% of White Americans. Fortunately, there are influential leaders who are taking action across the public and private sector to address barriers to homeownership that have an outsized impact on minority populations. Learn about three leaders paving the way for equitable homeownership. In my new piece, read how The Alliance and aligned organizations are focused on closing the homeownership gap, and learn about our work to address the racial disparities riddling the housing market and improve equitable access to homeownership for all.   What's Coming Up With presidential primary elections underway in many states, it’s critical for leaders to address the years of underinvestment and underbuilding that have left America with a severe housing shortage and a lack of affordability in the market. Federal policies exist to increase housing supply and make homes more affordable, including housing grants to remove regulatory barriers to building more homes, tax credits to convert unused or outdated buildings into residential housing, and incentives to build and rehabilitate homes in the communities most in need of investment. We’re putting a spotlight on the role of the federal government in strengthening housing supply and affordability in communities throughout the country. Learn more about our focus and how to take action by visiting our Action Hub today.

###

And make sure you’re following along on Twitter and LinkedIn for industry expertise. Thank you, Colin Allen, Executive Director   [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
Black History Month Spotlight: The Path to Inclusive Homeownership

During Black History Month, we honor and celebrate the many generations of Black Americans who have helped shape our nation, and we reflect on the triumphs and challenges they have faced throughout U.S. history. At…

Black History Month Spotlight: The Path to Inclusive Homeownership

During Black History Month, we honor and celebrate the many generations of Black Americans who have helped shape our nation, and we reflect on the triumphs and challenges they have faced throughout U.S. history. At the same time, this month reminds us of the work that still needs to be done in securing a more equitable future for all. A major aspect of that future is unlocking more access to homeownership. Today, the gap in the Black-White homeownership rate is the largest it has been in decades as only 44% of Black Americans own a home compared to the 72.7% of White Americans. Owning a home is one of the best ways to build equity and strengthen generational wealth. Yet challenges such as fluctuating mortgage rates, historically low supply, a lack of affordability and limited financial education are creating barriers to these wealth-building benefits.

The Current Landscape

In cities and towns throughout our country, home prices are skyrocketing. Take Dallas, Texas, for example. This major metro area has the second highest migration of Black residents and, in 2015, was a top destination for Black Californians looking to relocate. A decade ago, the median price of a home in Dallas was $280,000. Fast forward to today and the median price of a home in this growing city is now $439,000. Yet the cost of housing is only one part of the issue. The overall cost of living just about anywhere in America today is increasing faster than many wages can keep up with. Picture this: A decade ago, the average price of a car was around $34,000 and the average American family spent about $4,000 per year on groceries. Today, the average price of a car is around $48,000 and the average American family spends about $5,700 per year on groceries. Unless our leaders act, these numbers will continue their upward climb and the gap in the Black-White homeownership rate will only widen.

Pro-Housing Organizations and Advocates

Fortunately, many organizations and individuals are dedicated to breaking down barriers to homeownership and empowering Black Americans to build wealth through this investment:
  • The 3by30 initiative advocates for expanded pre- and post-purchase counseling for borrowers, as well as targeted down payment assistance programs and investments in affordable housing.
  • Ready Life is a Black-owned fintech company with the goal of equipping communities with the tools to build and preserve generational wealth, helping set more families and individuals up for homebuying success.
  • LaRese Purnell is the co-owner and managing partner of CLE Consulting Firm and author of “Financial Foundations.” Purnell helps expand financial education opportunities and address the most fundamental questions Americans have regarding their finances.
  • Secretary Marcia L. Fudge of the U.S. Department of Housing and Urban Development has worked throughout her career to assist underserved communities, advocating for pro-housing policies and programs that will help make the dream of homeownership and its benefits a reality for more Americans.
Learn more about some of the organizations and advocates who are creating a more equitable path to building wealth through homeownership.

Pro-Housing Policies

The federal government plays a critical role in closing the Black-White homeownership gap by incentivizing the development of affordable homes and providing direct assistance to buyers. After years of underinvestment in housing, it’s imperative for our leaders in Washington to commit to commonsense solutions that will improve equitable access to affordable homes. These pro-housing policies exist, now’s the time to see them through:
  • The Neighborhood Homes Investment Act is bipartisan legislation that would create a new federal tax credit to incentivize the development and renovation of family housing in the neighborhoods most in need of investment, adding about 500,000 family homes to the market in the next 10 years.
  • A key component to improving access to homeownership is expanding support for first-time buyers. This includes increasing pre- and post-purchase consultation for homebuyers, implementing alternative credit modeling to support equitable access to mortgage loans, and employing a combination of downpayment assistance and incentives for owners to sell to first-time buyers.
    • The More Homes on the Market Act is bipartisan legislation that would incentivize current homeowners to sell to help put more homes on the market, benefiting sellers as they would not have to pay as much in capital gains taxes on their home sale, allowing them to better leverage the equity they’ve built throughout their lifetime.

Your Voice Matters

Black History Month is a reminder of the critical need to break down barriers and address the racial disparities riddling today’s housing market. But this isn’t a mission we only work towards during February—it’s a year-round effort, and it takes all of us to see it through. By strengthening our collective voice in support of the solutions on the table, we can put the dream of homeownership within reach for all who want to achieve it. Get involved in our efforts and help influence policy decisions impacting home buyers and the future of homeownership. [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]  
Three Leaders Paving the Way for Equitable Homeownership

Did you know the gap in the Black-White homeownership rate is the largest it’s been in decades? Only 44% of Black Americans own a home, compared to the 72.7% of White Americans. Homeownership is the…

Three Leaders Paving the Way for Equitable Homeownership

Did you know the gap in the Black-White homeownership rate is the largest it’s been in decades? Only 44% of Black Americans own a home, compared to the 72.7% of White Americans. Homeownership is the foundation of strong communities and one of the best ways to build wealth in America – everyone should have the opportunity to reap these benefits. It takes an all hands-on-deck approach to break down the barriers that minority home buyers face today. That’s why The Alliance is working to unite industry leaders and grassroots advocates to advance pro-housing solutions that will improve equitable access to homeownership and help close the Black-White homeownership gap. During Black History Month, we’re highlighting three influential leaders who are taking action across the public and private sector to tackle the challenges black home buyers face and unlock more opportunities to build wealth through homeownership.

Ashley Bell, Founder & CEO of Ready Life

As the CEO and founder of the Black-owned fintech startup, Ready Life, Ashley Bell uses his legal and financial expertise to revolutionize the home buying experience for Black Americans. Bell emphasizes the importance of providing first-time and minority home buyers with financial education resources to help these individuals successfully enter the housing market, advocating for a new path to homeownership that doesn’t rely on traditional credit scores for mortgage approvals. According to the Consumer Financial Protection Bureau, the mortgage denial rate for Black applicants was 16.4%, almost three times the denial rate for White and non-Hispanic applicants. Bell is addressing this disparity by advancing a non-traditional credit model to improve the likelihood of mortgage approval for Black buyers, who face higher denial rates. “Credit is like water. Where credit flows, things grow, opportunity grows. Where credit doesn’t grow, things don’t. For me, it’s about those deserts—the communities, the people that don’t have access to that opportunity, to that water.” – Ashley Bell, CEO and Founder of Ready Life

LaRese Purnell, Founder & Managing Partner of CLE Consulting

LaRese Purnell also understands that the path to homeownership is riddled with roadblocks for minority groups. As an innovative and strategic leader, Purnell is committed to teaching financial literacy and the importance of homeownership for building generational wealth. With 19 years of experience in business management, taxes and finance at large corporations and nonprofit organizations, Purnell uses his knowledge and experience to empower Americans with the financial tools to build and maintain wealth. Purnell’s book “Financial Foundations,” addresses fundamental financial questions and takes a conversational approach to help individuals establish the network and tools they need to build wealth and achieve financial freedom. Purnell also offers financial literacy courses and shares his knowledge at events across the country. The Alliance has been proud to partner with Purnell to host events across the country that connect buyers with financial education resources to set them on the path to build wealth through homeownership.

Marcia Fudge, Secretary for the U.S. Department of Housing and Urban Development

Secretary Marcia Fudge has spearheaded several initiatives under the U.S. Department of Housing and Urban Development (HUD) to remove barriers to homeownership and promote equity in housing. Secretary Fudge worked with the Federal Housing Agency recently to update its policy on student loan payment calculations—which previously disproportionately impacted those of color—to provide more access to single-family FHA-insured mortgage financing for creditworthy individuals with loan debt. In an effort to expand credit availability, Secretary Fudge has also advocated for alternate credit modeling to improve access to homeownership for all. HUD’s fiscal year 2022 budget included $100 million for Secretary Fudge’s FirstHOME Homebuyer Assistance initiative, which provides funding to expand homeownership opportunities for households of color by increasing the production of affordable housing nationwide. Secretary Fudge also assisted in launching the first interagency task force dedicated to ending bias in the home valuation process. The Property Appraisal and Valuation Equity (PAVE)—made up of a team from 13 federal agencies—created an action plan that examines the forms of bias that exist in residential property valuation practices and provides a blueprint for government and industry stakeholders to advance equity through concrete actions. The Alliance was proud to welcome Secretary Fudge’s Chief of Staff, Julienne Joseph, to our recent event in Cleveland, where we joined housing advocates for a conversation on the benefits of homeownership for unlocking generational wealth.

Become An Advocate for Equitable Homeownership

As an organization committed to expanding access to homeownership, The American Property Owner’s Alliance works to promote equity in homeownership through grassroots advocacy and resources that support first-time buyers. During this pivotal election year, we welcome you to join or efforts to advance pro-housing solutions that address key issues, from support for first-time buyers to expanding America’s affordable housing stock. Together, we can create a strong voice for policymakers to hear and expand critical programs and initiatives that will allow more Americans to build wealth through homeownership. Follow us on Twitter (X), Facebook and LinkedIn to learn more about our priorities and stay informed on the latest in housing throughout the year. [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
Take Advantage of New Energy Efficiency Tax Credits for Homeowners

Tax incentives help current homeowners protect their investment and make homeownership more accessible for all. When filing this year, make sure you know about the new federal tax credits that will help make homes more…

Take Advantage of New Energy Efficiency Tax Credits for Homeowners

[rsnippet id="5" name="Take Action Page"] Tax incentives help current homeowners protect their investment and make homeownership more accessible for all. When filing this year, make sure you know about the new federal tax credits that will help make homes more energy efficient while reducing energy costs and demand.

Tax Incentives for Property Owners


Preserving and expanding tax benefits for property owners is a top priority for the American Property Owners Alliance. That’s why we join together with our strong group of advocates to move forward tax policies that support homeowners and housing providers.

[rsnippet id="37" name="About APOA and Restore Property Owner Tax Incentives"]
2024 Preview: What’s Ahead for The Alliance

In 2023, The Alliance activated across a range of housing issues, setting the stage for an eventful 2024. This year, we look forward to growing our work to protect property rights and unlock more equitable…

2024 Preview: What’s Ahead for The Alliance

In 2023, The Alliance activated across a range of housing issues, setting the stage for an eventful 2024. This year, we look forward to growing our work to protect property rights and unlock more equitable access to property ownership. We’re working to bolster support for current and aspiring property owners and break down the barriers to homeownership by advocating for solutions to America’s most pressing housing issues - from housing affordability to property owner tax incentives. In 2024, The Alliance will continue to serve as a trusted resource for first-time buyers looking to embark on their home buying journey, so more Americans can access its wealth-building benefits. Supporting Access to Homeownership Today, the path to homeownership is filled with roadblocks, especially for first time home buyers. Low inventory and high home prices make it increasingly difficult for prospective buyers to enter the market. It’s critical that in 2024, we continue to use our voices to advance solutions that will improve housing affordability and expand support for first-time buyers, like implementing alternative credit modeling, developing downpayment assistance programs and providing more direct support to buyers to promote equitable access to homeownership for all. Protecting the Value of Homeownership Homeownership remains one of the best tools to build wealth and sustain our communities, that’s why it’s essential to have protections in place to safeguard this investment. Unfortunately, in 10 states and Washington, D.C., this investment is at risk due to an unjust tax foreclosure policy known as home equity theft. By advocating for an end to home equity theft where it remains on the books, working to restore property owner tax incentives and sharing important estate planning resources throughout the year, our goal is to help ensure the most valuable investment – one’s home – is protected for years to come. Prioritizing Housing in the Election With the 2024 election approaching, it’s crucial to stay up to date on where your candidates stand on issues impacting home buyers and owners. Current and future property owners will have the opportunity to choose leaders that will prioritize the housing policies that support them by registering to vote and updating their registration status ahead of election day. Join The Alliance to stay up to date on housing and the election and see how you can support pro-housing policies throughout the year. Stay In the Know The Alliance has a lot to look forward to this year, and we can’t wait to bolster our support for current and future homeowners in 2024 and beyond. Learn about our priorities and follow us on Twitter (X), Facebook and LinkedIn to stay informed on the latest in housing throughout this new year. [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
Executive Director Newsletter Q4 2023

2023 was a monumental year for the American Property Owners Alliance. We hosted events across the country that connect our members to industry experts and advocated for policies and regulatory changes that unlock more value…

Executive Director Newsletter Q4 2023

2023 was a monumental year for the American Property Owners Alliance. We hosted events across the country that connect our members to industry experts and advocated for policies and regulatory changes that unlock more value for property owners and broader access to homeownership. Housing is at the center of everything we do, and we’re excited to share all that the American Property Owners Alliance has achieved this year, including: ✔️ Holding leaders accountable to protect property rights, improve housing affordability, and end the unethical practice of home equity theft through opinion editorials in The Boston Herald, Dayton Daily News, and AL.com. ✔️ Supporting first-time buyers with new resources including a step-by-step guide to prepare for homeownership and reliable financial education. ✔️ Sponsored events in Dallas, Charlotte, Cleveland, and Montgomery, convening housing industry experts, local leaders and residents for discussions on advancing housing affordability, equity in homeownership, financial education and more.   And we didn’t stop there. We advocated for policy changes like the Neighborhood Homes Investment Act and the Revitalizing Downtowns Act, driving 3,213 messages to Congress. We also encouraged Washington to restore property owner tax credits and expand support for first-time home buyers. In 2024, we’re committed to supporting current and aspiring homeowners in every way we can. Read more about our advocacy accomplishments in 2023 and see the many ways Congress can support policies that are essential to securing access to homeownership and protecting property owners’ investments.

###

Make sure you’re tuned in on Facebook, LinkedIn and Twitter to see what else we’ve been up to this year and stay up to date on the latest in housing as we head into 2024. Thank you, Colin Allen, Executive Director   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
 
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
The Alliance’s 2023 By the Numbers

The American Property Owners Alliance (The Alliance) is on a mission to advance policies that help ensure every American can reap the wealth-building opportunities owning a home brings. From rising mortgage rates to low home…

The Alliance’s 2023 By the Numbers

The American Property Owners Alliance (The Alliance) is on a mission to advance policies that help ensure every American can reap the wealth-building opportunities owning a home brings. From rising mortgage rates to low home inventory and high prices, the challenges 2023 brought ignited our efforts to advance policies, programs and regulations that will improve housing supply and affordability in America. As we wrap up 2023, let’s look back at some highlights from the year. From expanding resources for first-time home buyers to calling for an end to home equity theft in the states where it remains legal, The Alliance activated across a range of housing issues and policies. What’s more, we grew our strong base of advocates eager to make their voice heard.

Mobilizing Audiences for Action

This year, more than 9,500 Americans joined The Alliance’s network of industry experts and advocates standing up for property rights. Not only did our database grow, but they also took action. Throughout the year, advocates sent more than 3,200 messages to Congress in support of the Revitalizing Downtowns Act and the Neighborhood Homes Investment Act to increase the supply of affordable homes across the country. What’s more, petitions in support of ending home equity theft where it remains on the books, expanding financial education for first-time buyers and restoring property owner tax incentives garnered more than 300 signatures.

Sharing Resources & Updates

In 2023, The Alliance launched two new landing pages sharing resources, critical information and calls for action on ending home equity theft and expanding support for first-time buyers. The Alliance’s News & Resources page continues to provide audiences with the latest updates regarding our priorities and the decisions in Washington. This year, we added 33 publications to the page, spanning newsletters from our executive director to an overview of housing market myths versus facts.

Convening the Experts & Strengthening Communities

The Alliance met with more than 465 prospective and current homeowners and led critical housing discussions in four cities this year. Colin Allen, The Alliance’s executive director, joined with local leaders and industry experts in Charlotte, Dallas, Cleveland and Montgomery to examine the path to homeownership and building generational wealth, explore the pro-housing solutions on the table to help break down barriers to homeownership and share valuable financial education resources with those navigating their local housing market. Colin Allen also published three articles informing audiences in states where home equity remains on the books about how they can take action to help end this unethical practice and strengthen property owner protections. Learn more about this unjust tax foreclosure policy and the steps state and local leaders can take to eradicate it in The Boston Herald, Dayton Daily News and AL.com.

What’s In Store for The Alliance?

We’re excited to ramp up our efforts in 2024 and grow our group of advocates in this critical election year. Use the form below to sign up for updates and see how we’re helping Americans hold their leaders accountable to solve America’s housing supply and affordability crisis, restore and strengthen property owner tax incentives, and assist first-time buyers on the path to building equity through homeownership. [rsnippet id="41" name="About APOA and Join Us - Property Ownership"]
First-Time Home Buyer Resource Part 1: Take The First Steps Towards Homeownership

Homeownership is how most Americans build wealth and is one of the most important investments you can make in your community. Although today’s market is riddled with roadblocks for buyers, with the right resources, the…

First-Time Home Buyer Resource Part 1: Take The First Steps Towards Homeownership

[rsnippet id="39" name="First Time Home Buyers Resource"] Homeownership is how most Americans build wealth and is one of the most important investments you can make in your community. Although today’s market is riddled with roadblocks for buyers, with the right resources, the dream of homeownership is still achievable. The Alliance has created a guide to help first-time buyers navigate the first steps in the home buying process featuring advice from experts and buyers who recently purchased their first home. Eight in ten Americans say purchasing a home is a priority for them. The desire is there, but rising mortgage rates, high home prices and low inventory make it more difficult for buyers to achieve homeownership. The average age of a first-time buyer is the highest it’s ever been and the share of first-time buyers in the market is the lowest on record. A more challenging market demands more support for buyers. That’s why The Alliance created our First Time Home Buyer Resource and supports housing supply and affordability solutions as well as expanded support for first time buyers.

Everyone who wants to build equity through homeownership deserves the opportunity. Our First-Time Home Buyer Resource provides prospective buyers with the resources they need to take the first steps towards homeownership. Learn more about the various programs available for new buyers, the different types of mortgage options and receive real advice from industry experts and other first-time buyers.

Access the First-Time Home Buyer Resource

Take Advantage of These Homeowner Tax Credits Before the New Year

Tax incentives help current owners protect their investment and make homeownership more accessible for all. Before 2023 comes to a close, make sure you know about and take advantage of the new federal tax credits…

Take Advantage of These Homeowner Tax Credits Before the New Year

Tax incentives help current owners protect their investment and make homeownership more accessible for all. Before 2023 comes to a close, make sure you know about and take advantage of the new federal tax credits that went into effect this year. These incentives help make homes more energy efficient while reducing energy costs and demand.

Tax Incentives for Property Owners

 


Preserving and expanding tax benefits for property owners is a top priority for the American Property Owners Alliance. That’s why we join together with our strong group of advocates to move forward tax policies that support homeowners and housing providers.

[rsnippet id="37" name="About APOA and Restore Property Owner Tax Incentives"]

How Alabama can strengthen property owner protections

Homeownership is a direct investment in families, communities and the economy. It’s an American dream, and it’s one worth protecting. While the path to homeownership is riddled with roadblocks, buyers aren’t the only ones presented…

How Alabama can strengthen property owner protections

Homeownership is a direct investment in families, communities and the economy. It’s an American dream, and it’s one worth protecting. While the path to homeownership is riddled with roadblocks, buyers aren’t the only ones presented with challenges today. For many, the equity and generational wealth they have built through homeownership is threatened due to a lack of estate planning and, in states like Alabama, an unjust tax foreclosure policy known as home equity theft.  

Read the full article in AL.com

  [rsnippet id="31" name="About APOA and Join Us"]
The Alliance Leads Discussion on Financial Education and Homeownership in Montgomery, Alabama

On October 22, The Alliance led an event in Montgomery, AL, where industry experts and community leaders gathered with more than 70 local home buyers and owners to discuss strengthening resources for those on the…

The Alliance Leads Discussion on Financial Education and Homeownership in Montgomery, Alabama

On October 22, The Alliance led an event in Montgomery, AL, where industry experts and community leaders gathered with more than 70 local home buyers and owners to discuss strengthening resources for those on the path to homeownership and best practices for safeguarding the equity built through homeownership. The event kicked off with remarks from Colin Allen, executive director of The Alliance; Chris Searcy, Pastor of Fresh Anointing House of Worship; and Bill Green of the Douglass Leadership Institute. Attendees enjoyed a keynote address from LaRese Purnell, author of “Financial Foundations,” as well as a panel discussion and Q&A on “Making Homeownership a Reality.” Panelists featured Cassandra Andrews of Chosen Realty; Federal Home Loan Bank of Atlanta members Deborah Hill and Kimberly Lumpkin of Synovus Bank, and Steve Stringer and Bill Renfroe of River Bank & Trust. Throughout the conversation, these experts discussed the challenges first-time buyers face, wealth gaps affecting generations of Black families, and the solutions on the table to help improve equitable access to homeownership for all. Homeownership is an investment in families, communities and the country. Yet, the path to homeownership today is riddled with roadblocks such as low supply, high home prices, competitive bidding and mortgage rates hovering close to 8%. These challenges create barriers to home buying, keeping hopeful millennial and Generation Z buyers on the sidelines. In fact, the median age of a first-time home buyer today is the highest it’s ever been, at 36 years old. It's never too early to prepare for the home buying journey, and our panelists discussed the steps every individual needs to know on the path to homeownership, including:
  • Saving for a downpayment
  • Creditworthiness and financial education
  • Questions to raise with realtors, lenders, underwriters and inspectors
  • Protecting your investment and building generational wealth
The Alliance is working to advance the solutions that will expand support for first-time buyers and improve access to homeownership in Alabama and throughout the country. By expanding pre- and post-purchase consultation, we can provide more direct support to buyers during every step of the journey, from compiling savings to securing homeowners insurance. Next, implementing alternative credit modeling that’s not based solely on credit scores will strengthen equitable access to mortgage loans and set buyers up for financial success. Lastly, developing downpayment assistance programs to help buyers secure an affordable property, and creating incentives for current owners to sell to first-time buyers, will help expand the marketplace. Conversations at the event also touched on the importance of protecting homeownership long after one acquires the keys and is in the door. This includes developing an estate plan to ensure all assets and valuable items are managed, and that the next generation is set up for success. What’s more, Alabamians can further property owner protections in their state by advocating for an end to home equity theft, an unjust tax foreclosure policy that allows the government to take more than what is owed in taxes, interest and penalties when a homeowner falls behind on their property taxes. The event in Montgomery is the fourth of its kind this year, followed by conversations in Dallas, Charlotte and Cleveland. Sign up to learn more about future events and stay up to date on the latest housing news and resources. The Alliance is committed to helping individuals and communities throughout the country access the wealth-building benefits of homeownership. Stay tuned to see where we’re headed in 2024, and follow us on XLinkedIn and Facebook to keep up with our efforts and be the first to know about future events near you.   [rsnippet id="31" name="About APOA and Join Us"]
Protecting Your Investment Through Estate Planning

Homeownership brings households throughout the country an avenue to create and strengthen generational wealth, and a place to house cherished memories and time spent with loved ones. Through life planning, you can ensure these moments…

Protecting Your Investment Through Estate Planning

Homeownership brings households throughout the country an avenue to create and strengthen generational wealth, and a place to house cherished memories and time spent with loved ones. Through life planning, you can ensure these moments and investments remain protected for years to come. An estate plan details who will inherit your assets after you’ve passed. It’s not always easy and can be challenging to think about, but having a plan in place is critical to ensure the next generation is set up for success and valuable possessions are managed, with one of the most important possessions being the place you call home. If you don’t designate who will receive your property after you pass, you lose control over what happens to it. The process differs by state, but often results in a probate court deciding who will inherit your home, a lengthy process that can produce a great deal of fees and even drive rifts in families. It’s important to remember that the courts won’t automatically transfer assets to the surviving spouse, nor will they know the most responsible or trusted child, sibling or loved one to give ownership of your property. If an individual does not have any heirs—no spouse, children, grandchildren, surviving parents, siblings, nieces, nephews, aunts or uncles—the property will be returned to the state. This process may also occur if assets go unclaimed for an extended period of time. Learn about the laws in your state. Today, just one in three American adults (34%) have an estate plan, and of those individuals, 20% have not updated their plan in the past five years. What’s more, about 72% of adult American women, and 59% of adult American men, are without a plan. Estate planning isn’t just for the rich—everyone can benefit from having one in place. Explore the answers to common questions many individuals have about estate planning and learn how you can get started with the process.   Estate Planning Frequently Asked Questions Question: Why do I need a will? Answer: A will allows you to designate heirs to your property, investments, bank balances and valuable possessions, and ensure that these wishes are carried out after you pass. Likewise, a will allows you to leave any assets to an institution, organization or charity of your choice. A will is critical to protecting your loved ones by preventing them from receiving a large tax burden after you pass, eliminating any family arguments before they start, and ensuring any children are cared for by those you trust most. Ultimately, it makes for a seamless process and gives your loved ones one less thing to worry about after you pass.   Question: When should I create a will? Answer: You can begin creating a will as soon as you become a legal adult. It’s critical to have a will in place and to update your will when experiencing any of the following major life occurrences:
  • Owning property
  • Getting married
  • Having children
  • Amassing significant savings or investments
  • Venturing on big trips or traveling for extended periods of time
  • Inheriting money or other assets
  • Going through a divorce
  • Welcoming grandchildren and new family members
  Question: How often can I update my will? Answer: You can change your will as often as you like. Even if you haven’t experienced any of the aforementioned major life occurrences since the last time you updated your will, you should still read over the document every few years to ensure it remains as you like.   Question: How do I create a will? Answer: Begin preparing your Last Will and Testament by gathering a list of your assets, debts and beneficiaries, as well as the chosen executor and any legal guardians, if necessary. You may create the document on your own through a number of online will makers, or you may work in-person with an attorney to have a guide by your side throughout the process. Once your will is drafted, it must be witnessed by typically two individuals. These are people of sound mind, at least 18 years of age, and trusted by you and your loved ones. Many states require a will to be notarized. You can do so at law firms or law offices, AAA and UPS offices, accountant offices, real estate firms and offices, and similar places. Locate a notary in your area.   [rsnippet id="31" name="About APOA and Join Us"]
Unlocking Generational Wealth Through Homeownership: A Conversation in Cleveland, Ohio

On September 17, The Alliance hosted an event in Cleveland, OH, where prospective buyers were able to discuss building wealth through homeownership with housing and finance industry experts. LaRese Purnell, Author of “Financial Foundations,” U.S.…

Unlocking Generational Wealth Through Homeownership: A Conversation in Cleveland, Ohio

On September 17, The Alliance hosted an event in Cleveland, OH, where prospective buyers were able to discuss building wealth through homeownership with housing and finance industry experts. LaRese Purnell, Author of “Financial Foundations,” U.S. Department of Housing and Urban Development Chief of Staff, Julienne Joseph, and local leaders spoke to more than one hundred Cleveland residents about solutions to the housing affordability crisis and tools for first-time buyers to navigate the financial journey of homeownership. “Homeownership education and counseling is key…and the reason why I say that is that it empowers you. It allows you to take ownership of the process,” said Joseph. Today, first-time home buyers make up just 26% of buyers in the market, compared to 34% just last year. Homeownership is the number one driver of wealth in the U.S., but rising mortgage rates, affordability challenges and low inventory are making it more difficult for first-time home buyers to enter the market. It’s clear more support is needed to help Americans achieve the dream of homeownership. "We're trying to help folks accumulate wealth so they can use it for their own well-being, and so you can pass it down to your kids and your families through sustainable homeownership," said Colin Allen, executive director of the American Property Owners Alliance. In addition to The Alliance’s work to expand first-time home buyer support nationally, events like this are critical to directly engaging with prospective homeowners, allowing them to interface with experts who understand their unique market challenges and connecting them with resources in their community. “We have to do so much more to connect our community with the resources and programs that are available. Buying a home is complicated, it’s confusing and it’s consequential…it can be intimidating. But a lot of those barriers can come down if we meet people where they are,” said Congresswoman Shontel Brown, who spoke at the event. The conversation in Cleveland is the third event of its kind this year, following conversations in Dallas and Charlotte. Next month, The Alliance is hosting an event in Montgomery, AL, to help provide local homeowners with helpful resources on their ownership journey and to use their home to build generational wealth and also to help prospective homeowners as they embark on the path to homeownership. Event information can be found here. “This isn’t just important in Cleveland,” said Purnell, “but this information is necessary around our nation.” Visit our website to see how you can get involved as we make the dream of homeownership accessible for everyone. Follow us on X, LinkedIn and Facebook to stay up to date on our efforts and be the first to know about future events near you.   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
Ohio needs to close its unjust tax foreclosure loophole

Homeownership is a direct investment in families and communities across the Buckeye State and throughout our nation. It’s the “American dream” — owning a home provides unmatched value and wealth-building opportunities for individuals, families and…

Ohio needs to close its unjust tax foreclosure loophole

Homeownership is a direct investment in families and communities across the Buckeye State and throughout our nation. It’s the “American dream” — owning a home provides unmatched value and wealth-building opportunities for individuals, families and future generations. Protecting Ohioans on the path to building equity through homeownership is critical. Protecting their equity long after it’s been accrued is just as important. Unfortunately, here in Ohio, many homeowners are at risk of losing their equity due to a loophole allowing local governments to take more than what is owed in property taxes — otherwise known as home equity theft.   Read the full article in the Dayton Daily News   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Protecting and Expanding America’s Affordable Housing Supply

America faces a housing shortage unlike ever before. Years of underproduction and underbuilding have resulted in skyrocketing housing costs, a decline of about 4.7 million affordable apartments, and an insufficient supply of about 1 million…

Protecting and Expanding America’s Affordable Housing Supply

America faces a housing shortage unlike ever before. Years of underproduction and underbuilding have resulted in skyrocketing housing costs, a decline of about 4.7 million affordable apartments, and an insufficient supply of about 1 million homes on the market, compared to the 4 million available in 2007. Large investors, private equity firms and other corporations are escalating affordability challenges by purchasing large portions of residential property as profit making ventures. These groups charge high rent or sell at prices unaffordable for most Americans, and they’re less willing to negotiate affordable rental agreements. Ensuring there are enough affordable rentals to meet demand is critical, especially for Americans who want to save for a downpayment and access the benefits of homeownership. To close the supply-demand gap, we must incentivize development of more affordable rental properties and protect local housing providers who contribute more than 40% of all rental housing today and are more likely to negotiate affordable rent. These small, mom-and-pop landlords—those who own properties of about one to four units in their local community and conduct the day-to-day management—are more likely to provide naturally occurring affordable housing (NOAH). NOAHs are multifamily rental properties that are affordable to low-income households without a public subsidy attached. Large investors are less likely to provide these affordable rentals without government incentives because they can afford to have a “this is the rent, take it or leave it” mentality. Today, NOAHs account for most affordable housing units across the United States. Preserving and expanding NOAHs is critical to ensuring Americans can access affordable rentals now and into the future. Supporting local housing providers is a key pillar of this effort. Unfortunately, NOAHs are at risk due to ongoing effects of the COVID-19 pandemic, which exacerbated the housing affordability crisis and put economic strains on millions of households and their landlords. As housing providers share their stories with us to help bring the challenges they face to light, Nathan R. of Chicago stated, “Now, people that used to live here [Chicago] are being priced out not just of homeownership, but rental housing too… Our renters are often working two jobs just to pay for the now $995 one-bedroom rent.” Megan E., a housing provider in Los Angeles, shared, “I own rent controlled units in the city of L.A. During the Covid era rent freeze and eviction moratorium, I have lost thousands of dollars and have found it difficult to make necessary repairs. The city has shown complete disregard for the small business housing providers like myself. We already had significantly below market rents before the pandemic due to the strict rent control laws in place. With the rent freeze, we’ve seen operating costs skyrocket with record inflation year after year. Freezing all increases since our last increase in 2019 has meant net operating income has fallen significantly.” You might think rent control is the best solution to avoid rising rents. However, economists have studied the impact of rent control across a number of markets and drawn the same conclusion: rent control actually decreases affordability in the long run. You heard that right—rent control is a band-aid solution that undermines small housing providers’ ability to maintain NOAHs and stalls the development of additional housing stock by taking away incentives for developers. The right path to housing affordability is to provide targeted assistance to renters who are facing economic distress and invest in increasing America’s housing stock to close the supply-demand gap. Fortunately, there are long-term solutions on the table right now that can support renters and protect and expand America’s affordable housing stock:
  1. Providing direct, targeted assistance to renters facing economic distress will help stabilize households and properties and set individuals up for financial success when entering the market.
  2. Creating housing grant programs to help pass pro-housing policies at the state and local levels will remove regulatory barriers so more homes can be built faster.
  3. Passing the Neighborhood Homes Investment Act would create a new federal tax credit to incentivize the development and renovation of family housing in the communities that need it most, putting about 500,000 more family homes on the market in the next decade.
  4. Passing the Revitalizing Downtowns Act would create a tax credit to convert unused office buildings into residential, commercial and retail spaces, adding more affordable housing units to the market.
By pushing forward these solutions, we can not only tackle today’s housing crisis, but we can help the small, local housing providers continue to serve their communities in the most effective ways possible. Here are two things you can do today to support our effort:
  • Visit our Action Hub to add your voice in support of pro-housing solutions.
  • Housing providers, share your story and help policymakers understand the challenges you face and the most effective solutions.
  [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Financial Education Support Can Improve Black Homeownership Rates

Thousands of Black Americans are leaving large metropolitan areas like New York City, Los Angeles and Chicago for growing communities throughout the South. In North Carolina, about 44,250 Black residents moved to Charlotte’s Mecklenburg County…

Financial Education Support Can Improve Black Homeownership Rates

Thousands of Black Americans are leaving large metropolitan areas like New York City, Los Angeles and Chicago for growing communities throughout the South. In North Carolina, about 44,250 Black residents moved to Charlotte’s Mecklenburg County in 2021, now accounting for 35.2% of Charlotte’s population and 22.3% of the entire state’s. In Georgia, the population of Black residents has nearly doubled in the past 30 years, totaling more than 3 million residents according to the 2020 census. To top that, Texas recently surpassed Georgia as having the highest number of Black residents with about 3.4 million individuals, according to Pew Research Center. Factors such as the cost of raising children, accessibility and quality of life, coupled with the stability provided by Fortune 500 companies headquartered throughout the region, make these southern states an appealing place to live. However, one area in particular is creating challenges when relocating: the housing market. According to the National Association of REALTORS®, the gap in the Black-White homeownership rate is the largest it’s been in decades, with only 44% of Black Americans owning a home, compared to the 72.7% of White Americans. As the South’s popular metro areas continue to grow, housing supply can’t keep up with demand. Rising mortgage rates on top of regulatory barriers, infrastructure limitations, high costs to build, and general resistance to new construction have driven up property values and limited the availability of affordable homes. In addition to supply constraints, other factors have disproportionate impacts on minority residents. Nationally, young Black Americans have lower credit scores than their white counterparts, making it harder to qualify for loans at affordable rates. What’s more, college debt is creating a barrier to homeownership for many: 36% of U.S. millennials say their college debt is a major obstacle to saving for a down payment. According to the Center for Responsible Lending, for a variety of reasons, borrowers who attended historically Black colleges and universities are disproportionately burdened with debt, making it more difficult to build wealth through homeownership or invest in retirement funds. Pursuing a college education shouldn’t come at the cost of owning a home. These are milestones that should only put Americans on the path to more wealth-building opportunities. While there are many resources to assist homebuyers and current homeowners—including the Financial Literacy and Education Commission’s budgeting tools, the Federal Student Aid’s resource hub, and various grant programs and housing counselors—we need a more proactive approach to helping young buyers understand the role of credit in the home buying process. As executive director of the American Property Owners Alliance (The Alliance), I dedicate a great deal of time advocating for local, state and national policy solutions that remove barriers to homeownership and increase housing supply. It’s critical that our leaders prioritize resources that support Black residents long before the home buying process begins. As more individuals and families put down roots in growing areas, some may want additional support in learning how to build credit and manage debt so they can ultimately position themselves to purchase a home and build generational wealth. They should be able to find the support they need, easily. At The Alliance, we’re calling on Congress to support three bipartisan solutions that will aid buyers on multiple fronts and unlock more equitable access to homeownership. First is expanding pre- and post-purchase consultation to provide buyers with more direct support at every step of the homebuying journey, from saving for a downpayment to securing homeowners insurance. Next, is implementing alternative credit modeling that’s based on your bill and rent payment history, not solely on credit scores. This way, buyers can have competitive access to mortgage loans. Lastly, developing downpayment assistance programs will help buyers secure an affordable home, and creating incentives for current owners to sell to first-time buyers will help expand the marketplace. These efforts, combined with even more creative housing policy solutions and assistance programs, will set up all first-time homebuyers for success. People are moving to their desired communities with hopes of upward mobility, and homeownership is a major component of that dream. By expanding financial education resources for today’s buyers and those to come, we can create a foundation for homeownership to thrive for generations. [rsnippet id="30" name="Sign Up for Updates (Get Involved button)"]
Executive Director Newsletter Q3 2023

The American Property Owners Alliance is focused on advancing solutions to improve protections for homeowners and address housing affordability issues across the nation. Read more below about the actions we’ve taken recently to combat Home…

Executive Director Newsletter Q3 2023

The American Property Owners Alliance is focused on advancing solutions to improve protections for homeowners and address housing affordability issues across the nation. Read more below about the actions we’ve taken recently to combat Home Equity Theft, provide the Federal Housing Finance Agency with input as they consider new multifamily protections and to explore potential opportunities for new tenant protections backed by the federal government, and recognize the ongoing value of homeownership in June.

Calling for an End to Home Equity Theft

The Alliance remains committed to ending the practice of home equity theft everywhere it remains legal. In several states, local governments are authorized to take beyond what is owed in property taxes when a homeowner falls behind and underpays, robbing homeowners of the wealth they’ve built over a lifetime. The Alliance is working to end this unethical practice in 10 states and Washington D.C. where it is remains on the books. A recent survey conducted by The Alliance concluded that a majority of respondents oppose the practice. I recently partnered with Pacific Legal Foundation to share our opinion with the Boston Herald about how this practice impacts homeowners in Massachusetts and nationwide. State legislators should begin crafting legislation now to close all loopholes allowing a practice that undermines the value of homeownership and the financial benefits that come with it. Read our opinion piece in the Boston Herald.

Federal Housing Finance Agency Multi-Family Tenant Protections Comment Portal

Housing providers play a key role in creating opportunities for upward mobility for tenants by helping them access safe, affordable homes. In May, the Federal Housing Finance Agency (FHFA) published a Request for Input (RFI) to investigate issues tenants residing in multi-family properties face and to explore new tenant protections backed by the federal government. Earlier this year, the White House directed the FHFA in its “Blueprint for a Renters Bill of Rights” to “identify the opportunities and challenges of adopting and enforcing tenant protections including policies that limit egregious rent increases at properties with enterprise-backed mortgages.” Through the end of this month, the FHFA is collecting input from tenants and multifamily housing providers, as well as other stakeholders, to identify these challenges and inform policies related to rent increases, source of income, communication timeframes, causes for eviction and more. Providing perspective from housing providers is critical at this moment, please visit our page to share your input before the July 31 deadline.

#UnlockingHomeownership Wins During National Homeownership Month

During the 21st National Homeownership Month, we celebrated the ongoing value of homeownership and took action on key issues that will unlock more value for current owners and broader access to homeownership. Some key wins included: 🏠 Sending over 950 messages to Members of Congress in support of the Neighborhood Homes Investment Act and Revitalizing Downtowns Act 🏠 Adding over 5,000 new advocates to The Alliance 🏠 Gathering over 150 signatures pledging support to end home equity theft   And, while Homeownership Month has wrapped, we remain laser-focused on supporting pro-housing policies. Visit our Action Hub to learn about key issues and add your voice.

###

For more updates, news, and resources, follow me on LinkedIn and Twitter. Thank you, Colin Allen, Executive Director   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
 
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
Broadening the Path to Homeownership: A Q&A with Ready Life’s Ashley Bell

The Alliance’s executive director, Colin Allen, recently sat down with Ashley Bell, Founder and CEO of Ready Life, to discuss the role financial education plays in the homebuying journey and how expanding resources in this…

Broadening the Path to Homeownership: A Q&A with Ready Life’s Ashley Bell

The Alliance’s executive director, Colin Allen, recently sat down with Ashley Bell, Founder and CEO of Ready Life, to discuss the role financial education plays in the homebuying journey and how expanding resources in this area can set first-time buyers up for success. Bell leads Ready Life, a Black-owned fintech company, with the goal of equipping communities with the tools to build and preserve generational wealth. Through Ready Pay, a digital spending and payment account, customers can make financial transactions—whether buying a home or just making everyday purchases. Ready Life also offers a platform for small businesses and nonprofits, presenting a new way to accept payments. In addition, Ready Life Mortgage puts forward a new path to homeownership that doesn’t use traditional credit scores for mortgage approvals. For example, when users pay their rent on time through Ready Pay, Ready Life uses this data to underwrite a mortgage and help set families and individuals up for homebuying success. Homeownership provides an important avenue to build wealth, but the path to owning a home today is ridden with roadblocks for many buyers. What’s more, the gap in the homeownership rate between Black and white families in America is the largest it’s been in decades: 44% of Black Americans own a home compared to the 72.7% of white Americans. It's time to not only close this gap, but to also put resources in place so all who desire to own a home one day can successfully enter the market and begin building equity. In this Q&A discussion, Allen and Bell explore Ready Life’s work to build a more equitable path to homeownership:   Allen: What drew you into this area of banking and finance, and financial awareness? Bell: Credit is like water. Where credit flows, things grow, opportunity grows. Where credit doesn’t grow, things don’t. For me, it’s about those deserts—the communities, the people that don’t have access to that opportunity, to that water. The co-founder of my company is Dr. Bernice King, and Dr. King and I have been joined at the hip at trying to make sure we can erase those deserts and bring that opportunity to the people that need it the most.   Allen: How did you and Dr. King come up with the idea of Ready Life and expanding access to credit through a new and innovative opportunity? Bell: Dr. King and I started working together during the Covid crisis. [….] During that time, I was promoted up to the White House to become Policy Advisor on Entrepreneurship and Innovation. In that role, I was able to coordinate and work with all of the agencies to help create and to execute what became the Payroll Protection Program (PPP), and in that, it was really tough to reach that last mile of entrepreneur, and Dr. King really had a passion there. She saw the hurt that was going on in our country and the lack of access to those federal funds. In our collaboration working together, we were able to reach many of the people that were off the grid that needed help when big banks and big companies were sucking up all the federal dollars—some using it well and some using it not so well. During Covid, you had the culmination of a great economic crisis and also at the same time, the greatest civil unrest in our country since 1968, and her father [Dr. Martin Luther King Jr.] said around that time that there were “inseparable twins” of economic and racial injustice. You cannot separate the two—if you choose to talk about racial justice in our country, you can’t have that conversation without economic justice. So, Dr. King has been focused on her father’s work on the racial side, and I’ve been focused a lot on the economic side, and we felt that joining the two could create a comprehensive ecosystem of solutions that we hope can put a dent in the racial wealth gap, and that’s what is the nexus of what created Ready Life.   Allen: Is there a nexus between homeownership and entrepreneurship? Does having that financial security through homeownership play a role in the ability to be able to start your own business? Bell: Yes, it’s absolutely connected, and Ready Life is at the forefront of allowing people to be more than a credit score, to be bigger than the three digits that are attached to your name and your social security number. Credit scores are now the proxy for the old status quo. Every number tells us that when you look at the fact that 54% of African Americans are deemed to be not worthy of having the credit to own a home. Well, that's impossible to believe that half of a race of an entire people shouldn't have a home in this country. That lets you know that numbers are off. For people whose credit scores work for them, that's great. Keep using them. But for us, we think that there's a vast majority of people who have the cash and have the ability to pay. That was highlighted when you and I were together in Atlanta—when they showed that the average rent in Atlanta was $1,538 and mortgage was $1,500. So how can you have a system where people are paying the exact same thing, but half of them are able to create equity in their home? And that equity goes as a safety net when there's a health crisis, and when you're looking at starting a business and getting a home equity line to create wealth, generational wealth—all those things come from owning a home. You see companies every day popping up financing cars and other unsecured debt not using a credit score. That model just hasn't been brought to the real estate market yet. We’re bridging the gap in this new world that believes that credit scores are a thing of the past, and what’s in the future, is a world where three digits don’t define you.   Allen: Are there other resources that the federal, state, and local government should be leaning into to offer opportunities like what you’re doing? Bell: The federal government needs to do everything it can to help create this new marketplace where we can get investors to come and pull capital, and to create alternative scoring systems to give access to credit to those people who the current system doesn't serve. This is happening in silos all across our country now—the auto loan industry is leading it, the unsecured loan industry is leading it, and Ready Life is going to be embracing that as well. What the federal government needs to do is create a regulatory environment where every company doesn't have to reinvent the wheel every time—every company who is doing these loans, they're all coming up with their own algorithms. The quicker we can speed up creating that marketplace where capital can flow, that credit, that water that we talked about, can reach the people that need it most. That is what the federal government can do the best.   Allen: What can first-time home buyers, who maybe aren’t ready to enter the market yet, do education- and savings-wise to prepare? Bell: So right now, interest rates are high, not a lot of people are buying houses, and that's on purpose. But it’s a great time to put yourself in the best position and take advantage of the market when it bounces back. Ready Life leans into using your rent as a primary indicator of your ability to pay a mortgage. That's what current credit scores don't do. Some will take rent into consideration, may give you five points or 10 points here. But at the same time, a missed credit card payment from two years ago will affect your credit score more than paying rent for two years. That system doesn't add up for me. It doesn't add up for most Americans. So what we believe is that your rent should be a priority and other things should go to support that. You should understand how to evaluate your credit, do the things to get your debt down, and to get your credit score up. But at the exact same time, you should also be aware of services like Ready Life, how you spend your money and what you spend it on. We can create a separate credit profile for you and work with you to be able to have a pathway to homeownership that's alternative to the current system.   [rsnippet id="27" name="About APOA and Sign Up for Updates (...impact homeownership)"]
Massachusetts property owners need better protections

In several states, local governments are authorized to take beyond what is owed in property taxes when a homeowner falls behind. Known as home equity theft, this practice robs homeowners of the wealth they’ve built…

Massachusetts property owners need better protections

In several states, local governments are authorized to take beyond what is owed in property taxes when a homeowner falls behind. Known as home equity theft, this practice robs homeowners of the wealth they’ve built over a lifetime. In fact, it’s happening right here in Massachusetts, despite a recent Supreme Court ruling holding the practice unconstitutional. According to a recent study by Pacific Legal Foundation, homeowners in Massachusetts lose an average of 82% of their equity to this tax foreclosure policy. For the 315 Massachusetts homes in Pacific Legal Foundation’s dataset, households lost a total of $48 million, with the average homeowner losing more than 15 times the debt they owed.   Read the full article in the The Boston Herald   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Survey Indicates Americans Want an End to Home Equity Theft

Washington, D.C.—The American Property Owners Alliance (The Alliance) finds majority of respondents in a May 2023 survey oppose the practice known as home equity theft, which allows state and local governments to keep beyond what…

Survey Indicates Americans Want an End to Home Equity Theft

Washington, D.C.—The American Property Owners Alliance (The Alliance) finds majority of respondents in a May 2023 survey oppose the practice known as home equity theft, which allows state and local governments to keep beyond what they are owed in taxes, interest and penalties when a property owner falls behind on their property taxes and enters foreclosure—no matter how small the debt. Property ownership is one of the most significant ways to build equity in America, but in Alabama, Arizona, Colorado, Illinois, Maine, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, South Dakota and Washington, D.C., the practice of home equity theft remains legal and puts homeowner’s equity at risk. What’s more, in Alaska, California, Idaho, Montana, Nevada, Ohio, Rhode Island, Texas and Wisconsin, loopholes exist allowing this practice in certain instances. The Alliance opposes home equity theft in all circumstances and, in March, filed an amicus brief with the U.S. Supreme Court in support of the petitioner in Tyler v. Hennepin County, a case examining the practice in Minnesota. On May 25, the Court ruled 9-0 in favor of 94-year-old Geraldine Tyler who lost her home and $40,000 in equity due to what was originally a $15,000 debt. The Court’s unanimous decision is based on Hennepin County’s unconstitutional retaining of excess value following a foreclosure and a long-standing principle that the government cannot take more from a taxpayer than what they owe. While this is a win for property rights and will help property owners challenge this practice armed with legal precedent, home equity theft is still on the books in 12 states and D.C. “Those states where home equity theft is still in effect must pass legislation that will protect the equity of property owners, particularly senior citizens and other members of the community who may be more vulnerable and facing foreclosure, and close all legal loopholes allowing the government to take more than what’s owed in property taxes,” said Colin Allen, The Alliance’s Executive Director. Consumers agree—it’s time for action. A survey was conducted by The Alliance from May 10-16, 2023, and has a margin of error of +/-3.1%. While nearly equal numbers of respondents in each jurisdiction where home equity theft is legal were surveyed, the findings from the survey are weighted to represent the actual population of each jurisdiction relative to the others. The survey found:
  • 56% of respondents had never heard of the term “home equity theft,” and 54% of respondents were unaware that this practice legally exists where they live.
  • 62% of respondents describe the policy of home equity theft as unethical.
  • 77% of respondents agree that state law should be changed to end the practice of home equity theft, so that going forward, only the amount owed in property taxes, interest and penalties—and nothing more—could be collected by the government or private investor.
  • 74% of respondents find it unfair that under the law where they live, when the government or a private investor takes a piece of property to get the unpaid property tax dollars owed to it, they are allowed to keep not just the amount owed, but the full equity value of the home.
  • 60% of respondents support a prohibition on private debt collectors profiting from seizing then selling homes where very small amounts of property tax are due.
  For more information on where home equity theft occurs and how to take action to end it, visit The Alliance’s website.   CONTACT Amber Hord apoamedia@propertyownersalliance.org   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
National Homeownership Month Event in Dallas

The key to #UnlockingHomeownership for more Americans is prioritizing solutions that will put more affordable homes on the market. Recently, The Alliance partnered with Axios to lead a conversation in Dallas on equity and affordability…

National Homeownership Month Event in Dallas

The key to #UnlockingHomeownership for more Americans is prioritizing solutions that will put more affordable homes on the market. Recently, The Alliance partnered with Axios to lead a conversation in Dallas on equity and affordability in the housing market. Homebuyers across the country are facing historically low housing supply coupled with high prices and a competitive market. Our conversation with industry experts focused on solutions that will put more affordable homes on the market in Dallas and other metro areas that are grappling with acute housing shortages. Some highlights from the event include: 🗝️ Benefits of Homeownership: during National Homeownership Month and always, we recognize the value of homeownership for building wealth and strengthening communities. As I noted in Dallas, “homeownership represents independence and financial stability.” The Alliance supports a range of policies that can unlock more access to homeownership and more value for current owners. 🗝️ The Key to Improving Housing Affordability: solutions exist to put more affordable homes on the market to address housing supply and affordability challenges head-on. Bipartisan legislation like the Neighborhood Homes Investment Act would create 500,000 available homes to help close the supply-demand gap for moderately priced homes. Take action to make this happen today. 🗝️ Ending Home Equity Theft: When an individual falls behind on their property taxes, no matter how small the debt, home equity theft allows state and local governments to seize the property and keep the full sale amount, beyond what they are owed in taxes, interest and penalties.  The only way to end home equity theft is by changing the laws that allow this practice in the 12 states and D.C. where it remains legal—learn more. See the full breakdown of the conversation in Dallas and learn how we’re making strides for homeowners.   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
The Alliance and Axios Lead Critical Housing Discussion in Dallas

On June 6, the American Property Owners Alliance led a discussion with Axios on housing affordability in Dallas. Guests joined in-person and virtually to hear conversations with local experts and leaders, including David Noguera—the City…

The Alliance and Axios Lead Critical Housing Discussion in Dallas

On June 6, the American Property Owners Alliance led a discussion with Axios on housing affordability in Dallas. Guests joined in-person and virtually to hear conversations with local experts and leaders, including David Noguera—the City of Dallas’ Director of Housing and Revitalization, Linda McMahon—President and CEO of The Real Estate Council, and Texas State Representative John Bryant. I also had the pleasure of joining Axios on stage for a View from the Top segment examining barriers that prevent Americans from achieving homeownership and pro-housing solutions on the table that can address these challenges head-on. Throughout the event, speakers discussed the lack of housing supply and the need for housing affordability in Dallas, as well as the wealth-building benefits of homeownership. With June being National Homeownership Month, there was no better time to have these conversations. Dallas faces the challenge of effectively accommodating current residents as new ones rapidly move in—ensuring every household can not only find a home in this growing city but find one that meets their unique goals and financial needs. The Dallas area isn’t the only area trying to navigate this obstacle as the current housing shortage impacts communities all throughout America. According to a survey by NerdWallet, nearly 28 million Americans began 2023 with a plan to purchase a home in the new year, yet only about 1 million homes are available on the market today. What’s more, fluctuating mortgage rates are not only keeping buyers from entering the market, but they’re also preventing current owners from selling, limiting supply even more. As we discussed in Dallas, prioritizing the policies that will invest in affordability and provide communities with the tools to increase supply is key to improving the path to homeownership for all. Today, the low-income housing tax credit serves as a critical resource, providing an incentive to construct and rehabilitate affordable rental housing for low- and moderate-income households. What’s more, on the table right now is the Neighborhood Homes Investment Act, legislation that would renovate and rehabilitate homes in the communities most in need of investment, adding about 500,000 affordable homes to the market. On top of that, policymakers can further increase housing supply by passing the Revitalizing Downtowns Act, legislation that would convert unused commercial and office buildings into residential and mixed-use spaces. Those who joined us in Dallas know that homeownership is one of the most significant ways to build wealth in America—it is an investment in you, your family, your community and the country. Advancing the solutions that will both unlock more equitable access to homeownership and unlock more value for current homeowners is essential to protecting this investment for years to come. Though we discussed them in Dallas, these solutions can support all areas throughout the country facing housing shortages. As we continue through National Homeownership Month and what’s proving to be a volatile year for the market, I look forward to seeing how the Administration supports these policies and expands their efforts to improve homeownership in America.   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
The American Property Owners Alliance Commends Supreme Court Decision in Tyler v. Hennepin County

Washington D.C.—On May 25, the Supreme Court ruled in favor of the petitioner in Tyler v. Hennepin County, a case examining the practice of home equity theft. The Alliance applauds the Supreme Court for their…

The American Property Owners Alliance Commends Supreme Court Decision in Tyler v. Hennepin County

Washington D.C.—On May 25, the Supreme Court ruled in favor of the petitioner in Tyler v. Hennepin County, a case examining the practice of home equity theft. The Alliance applauds the Supreme Court for their unanimous decision to protect 94-year-old Geraldine Tyler from the unjust Minnesota tax foreclosure laws that took not only what Ms. Tyler owed in taxes but also all her equity. Property ownership is one of the most significant paths to building equity and financial security in America. Homeowners’ entitlement to this equity is one of the most cherished property rights protected by law. If a homeowner unfortunately falls behind on their property taxes, they should not have to worry about the government taking more than what is owed. In March, The Alliance joined the National Association of REALTORS® to file an amicus brief in support of Tyler and the rights and interests of property owners everywhere. The Alliance supports property owners on their path to building equity, and we continue to work to protect that equity after it is accrued. Abolishing home equity theft everywhere it occurs will protect the most vulnerable and safeguard the rights of property ownership for years to come. CONTACT Amber Hord apoamedia@propertyownersalliance.org   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Executive Director Newsletter Q2 2023

The American Property Owners Alliance has spent the past few months calling on policymakers to protect property owner rights and make homeownership more accessible for Americans. We’re also focused on sharing information and resources to…

Executive Director Newsletter Q2 2023

The American Property Owners Alliance has spent the past few months calling on policymakers to protect property owner rights and make homeownership more accessible for Americans. We’re also focused on sharing information and resources to help home buyers position themselves for financial success throughout the homebuying process. Read more about The Alliance’s recent involvement in the home equity theft debate, supporting legislation to increase the supply of affordable homes, and educating homebuyers during Financial Literacy Month.

Combatting Home Equity Theft

Recently, The Alliance worked in conjunction with the National Association of REALTORS® to oppose home equity theft, a practice currently legal in 12 states and Washington D.C. On April 26, the Supreme Court heard oral arguments in Tyler v. Hennepin County, a Minnesota case examining the practice of home equity theft. The Alliance filed an Amicus Brief emphasizing what is at stake for property owners in this case and the importance of ending an unethical practice. Where home equity theft is legal, the government can take more than what it is owed in property taxes in the instance of foreclosure. Home equity theft affects thousands of Americans each year as has a disproportionate impact on elderly populations. Pacific Legal Foundation—who is defending the petitioner in Tyler v. Hennepin County—found more than $860 million in life savings has been lost to home equity theft in communities across the country. Property ownership is an important path to build wealth and home equity theft leaves individuals at risk of losing the equity they’ve built over a lifetime. We’re calling on policymakers to find solutions that will protect the equity that property owners have built by closing all loopholes that allow home equity theft. Read more about The Alliance’s involvement in the case and the path to end home equity theft.

Supporting Solutions to Put More Homes on the Market

America is facing a severe housing shortage that demands immediate solutions to increase the supply of available homes and curb rising home prices. Right now, there is bipartisan legislation that could expand access to homeownership in communities that need it most. The Neighborhood Homes Investment Act would create new incentives to develop and renovate family homes to address the severe shortage of middle-income housing. Homebuyers deserve a pathway to sustainable homeownership and neighborhood stability – and the NHIA will help achieve that. It’s time for action, learn how policymakers can take action to increase available homes on the market.

Advocating for Financial Education During Financial Literacy Month

Purchasing a home is a significant financial decision that requires preparation, planning, and financial education. From financing resources to budgeting tools and guidance from licensed real estate agents, we’re bolstering financial education and advancing housing policy solutions to set up first-time buyers for success. The American Property Owners Alliance recently partnered with the Douglass Leadership Institute to hold an event in Charlotte, NC gathering industry experts and residents for a conversation on building wealth and preparing for homeownership. We focused on building a positive credit history, strategies for building equity through homeownership, and how to protect the equity you’ve built. Preparing for homeownership begins long before you start looking for a home. Check out our Financial Education Hub to see what free and low cost resources are available to help you achieve your financial goals and how we can increase support for first-time buyers.

###

For more updates, news, and resources, follow me on LinkedIn and Twitter. Thank you, Colin Allen, Executive Director   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
 
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
Retirement Accounts You Should Consider

Saving for retirement doesn’t involve a one-size-fits-all plan. Since every situation is unique, it’s important to look for the retirement account that best lines up with your personal job situation and future goals. Here are some…

Retirement Accounts You Should Consider

Saving for retirement doesn't involve a one-size-fits-all plan. Since every situation is unique, it's important to look for the retirement account that best lines up with your personal job situation and future goals.
Here are some of the types of retirement accounts you might be eligible to use:
  • 401(k).
  • Solo 401(k).
  • 403(b).
  • 457(b).
  • IRA.
  • Roth IRA.
  • Self-directed IRA.
  • SIMPLE IRA.
  • SEP IRA.
  • HSA.
Here's a look at how each type of retirement plan works and how to make the most of these long-term savings vehicles. Read the full article in US News   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
The American Property Owners Alliance Statement on Implications of Tyler v. Hennepin County Decision

Washington D.C.—On April 26, as the Supreme Court hears oral arguments in Tyler v. Hennepin County, a Minnesota case examining the practice of “home equity theft”, the American Property Owners Alliance (The Alliance) supports the…

The American Property Owners Alliance Statement on Implications of Tyler v. Hennepin County Decision

Washington D.C.—On April 26, as the Supreme Court hears oral arguments in Tyler v. Hennepin County, a Minnesota case examining the practice of “home equity theft”, the American Property Owners Alliance (The Alliance) supports the petitioner and opposes home equity theft in the 12 states and D.C. where this practice is legal. This follows the Amicus Brief filed by National Association of Realtors® and The Alliance with the Supreme Court of the United States opposing property tax foreclosure laws which allow local governments to keep home equity beyond what may be owed in taxes, interest, and penalties. Property ownership is a significant path to building wealth in America, yet home equity theft places individuals – particularly elderly populations – at risk of losing this investment. In addition to the 13 jurisdictions where this practice is legal, nine states allow for home equity theft in certain situations. Regardless of the ruling in this case, we need legislative solutions that will protect the equity property owners have built by closing all loopholes that allow home equity theft. When unexpected financial hardships occur, families and individuals should not lose the entirety of their home equity to aggressive government actions. CONTACT Amber Hord apoamedia@propertyownersalliance.org   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Preparing for Homeownership: Financial Education

Buying a home is a significant financial decision that requires careful preparation. Financial education is key to helping you make a property investment that will build your wealth for years to come. The American Property…

Preparing for Homeownership: Financial Education

Buying a home is a significant financial decision that requires careful preparation. Financial education is key to helping you make a property investment that will build your wealth for years to come. The American Property Owners Alliance helps prospective owners like you develop skills that will help you at every step of the home buying process, from determining what you can afford to saving for a downpayment and securing the best mortgage rate. Here are some financial education resources available to you at low or no cost to set you up for financial success at every step of the home buying journey.
money

Free Financial Education

Many government websites offer free resources on personal finance, such as the Federal Reserve's Consumer Information website offering reliable advice on building and protecting your creditsetting up checking and savings accounts and more. There’s even a guide to all federal financial education resources. Your city and state likely offer free financial education programs and resources, which you can find on official government websites.

Budgeting Tools

Using a savings goal calculator and creating a budget to meet your goal each month can help you understand how long it will take you to save for a down payment. The Financial Literacy and Education Commission offers hundreds of free tools to help you manage your finances, especially when it comes to debt repayment and budgeting. Check out their website to access budget worksheetstax withholding calculators, and debt repayment calculators that show how long it will take to pay off your debt based on different monthly payment scenarios.

Managing Your Student Debt

Student debt is cited as one of the biggest barriers to homeownership. Understanding your student loan repayment options and the assistance available to you can help you avoid fees and excess interest, putting more money in your pocket for a down payment on a home. The Federal Student Aid resource hub provides a one-stop shop to learn about student loan repayment based on where you are in the process.

Pre-Homeownership Counseling

There are U.S. Department of Housing and Urban Development approved counselors across the country that provide advice on buying a home, renting, defaults, forbearances, foreclosures, and credit issues at low or no cost to homeowners. Learn more about these services and find a housing counselor near you.

Guidance from REALTORS®

Realtors are licensed real estate agents who are held to a higher ethical standard than other brokers or real estate agents. They are members of the National Association of REALTORS ® and have access to housing market insights and data that other agents may not. Once you’ve saved for your down payment and are ready to explore mortgage lending options, a REALTOR® can help you navigate this process and make a smart property investment that will put you in the best position to build wealth. You can use this tool to find licensed REALTORS® in your area.

Join The Alliance

Americans already face growing barriers to homeownership, from low housing supply to rising mortgage rates. Homeownership is a major component of wealth building and upward mobility, and action must be taken now to improve equity in homeownership. This starts with bolstering financial education and advancing housing policy solutions to set up first-time buyers for success. Join The American Property Owners Alliance and follow us on Twitter and Facebook to get ongoing support and updates, no matter where you are in your homeownership journey
[rsnippet id="21" name="Hide Date on Blogs"]

Join Now

How to make your home more energy efficient — and get a tax break too

The Inflation Reduction Act, or IRA, is the most ambitious legislation ever enacted in the United States to combat climate change. Starting this year, homeowners can get new tax credits and rebates for making their…

How to make your home more energy efficient — and get a tax break too

The Inflation Reduction Act, or IRA, is the most ambitious legislation ever enacted in the United States to combat climate change. Starting this year, homeowners can get new tax credits and rebates for making their abodes better for the environment. The benefits apply to big changes like installing solar panels, or smaller ones like swapping a gas stove for an induction range. The benefits vary depending on your income, and additional benefits may be available where you live, so it’s worth checking with a tax expert, a consumer guide or a credible source like the Congressional Research Service or the Bipartisan Policy Center. Here are some of the ways you can outfit your environmentally smart dream home — often with help from the IRA. Read the full article in The Washington Post   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Congress Has Another Chance to Pass the Neighborhood Homes Investment Act

Today, about 1.3 million homes are available on the market compared to the 4 million in 2007. America is facing a serious housing shortage that demands immediate solutions to increase the supply of available, affordable homes. Right…

Congress Has Another Chance to Pass the Neighborhood Homes Investment Act

Today, about 1.3 million homes are available on the market compared to the 4 million in 2007. America is facing a serious housing shortage that demands immediate solutions to increase the supply of available, affordable homes. Right now, there is bipartisan legislation that, if passed, would expand access to homeownership in communities that need it most. Reintroduced this March and cosponsored by Sens. Todd Young (R-IN), Ron Wyden (D-OR), Jerry Moran (R-KS) and Sherrod Brown (D-OH), the Neighborhood Homes Investment Act (NHIA) would create 500,000 available homes to help close the supply-demand gap for moderately-priced housing. Last year, The Alliance amplified voices across America to put pressure on Congress to pass the NHIA in year-end legislation. Our campaign resulted in 1,086 individuals taking action, leading to a total of 4,170 interactions with members of Congress via an email or tweets. Though the NHIA did not pass in 2022, it is back on the table this year and we’re encouraging Americans once again to advocate for this crucial pro-housing policy.

What is the Neighborhood Homes Investment Act?

The NHIA would create new incentives to develop and renovate family homes—a critical solution to address the severe shortage of middle-income housing. This solution helps close the gap in housing supply and demand while also strengthening communities. The passage of this solution will support multiple sectors of the economy by spurring billions of dollars in development activity, wages and salaries, and federal, state and local tax revenues. It also supports upwards of 33,000 construction- and construction-related jobs.

Why It’s Time for Action

Across the country, empty or poorly maintained homes contribute to declining property values. In many neighborhoods, it often costs more to build or renovate a house than what the property would sell for. Instead of abandoning these homes altogether, the NHIA would provide builders with the tools they need to bring more affordable homes to the market. Homebuyers deserve a pathway to sustainable homeownership and neighborhood stability. By passing the NHIA, we are one step closer to achieving just that. This pro-housing policy can help improve access to affordable homes in your community and across America. Right now, we can amplify our voices to make sure the new Congress hears us loud and clear.
The Alliance is here to help current and future homeowners access a property that meets their needs, and to help you navigate the decisions that are still on the table to do so. As Americans face economic uncertainty, we must protect the rights of current property owners and ensure access to ownership opportunities for potential buyers.
Executive Director Newsletter Q1 2023

Over the last two months, the housing market continues to shift. The current landscape poses challenges for buyers and sellers at all stages in the homeownership journey. With low availability of homes on the market…

Executive Director Newsletter Q1 2023

Over the last two months, the housing market continues to shift. The current landscape poses challenges for buyers and sellers at all stages in the homeownership journey. With low availability of homes on the market coupled with rising mortgage rates, buyers face challenges. As the cost of living continues to rise, renters and homeowners alike are facing economic obstacles. Read below for ways that The Alliance is involved in addressing the housing supply and affordability crisis, advocating on behalf of property owners, and restoring tax incentives for homeowners.

Tackling the Housing Supply & Affordability Crisis

The housing affordability crisis remains top of mind for buyers, housing providers, and current owners. Across the nation, there’s a missing middle of housing - or lack of diverse housing options beyond single family homes and large apartment buildings convenient to public transportation and other community services. The Alliance is working to make housing more affordable and accessible while protecting property rights and continuously advocating for policies that will alleviate the crisis. Proposals like rent control ordinances decrease the supply of low- to mid-range housing units over time because developers are less likely to build in rent-controlled areas. Policies supporting rent control also place a large financial burden on small housing providers, creating additional challenges to maintain buildings and invest in updates on top of current inflation. The Alliance supports more effective and sustainable alternatives for closing the missing-middle gap such as modernizing zoning and creating new tax credits so builders can quickly increase housing stock and turn unused office spaces into residential units creating more affordable properties for renters and buyers. From housing grants to new incentives to build and rehabilitate middle income homes, solutions exist, and we’re committed to pushing for ways to make homes more affordable. Read more about our thoughts on the rent control discussion and about three solutions to increase access to homeownership and revitalize communities.

Advocating for Property Owners

As an alliance committed to protecting the interests of current and aspiring property owners, we recently joined the National Association of REALTORS® and a host of other organizations to oppose property tax foreclosure laws which allow local governments and private businesses to keep home equity beyond what is owed in taxes, interest, and penalties rather than returning that equity to the original owner. Homeownership is one of the best tools to build equity and wealth. We denounce the unconstitutional practice of home equity theft, meaning the unfair collection of home equity above what is owed in unpaid property taxes as part of a foreclosure settlement, as it strips families of significant savings and wealth built through property ownership. Property ownership strengthens our communities and boosts the economy. Read more about our request to the Supreme Court to protect property owners and their financial security.

Coming Up: Tax Season

Tax season is here, and some policies to propose a national sales tax on the use or consumption of taxable property or services have been introduced through the Fair Tax Act of 2023. The Fair Tax Act would restructure the nation’s tax system and significantly increase the national debt. While this bill would eliminate the IRS and the income tax, it would impose a 23%, or higher, tax on your home at the time of sale. As an alliance committed to protecting property owners’ rights, we have serious concerns with the potential impacts of this Act. Learn more about this legislative proposal.

###

For more updates, news, and resources, follow me on LinkedIn and Twitter.   Thank you for your time, Colin Allen, Executive Director   [rsnippet id="20" name="American Property Owners Alliance Section Only"]  
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.
 
Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.
  [rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
Addressing America’s Housing Crisis Requires Long-Term Solutions

Throughout the country, a shortage of middle-income housing and affordable rentals is limiting Americans’ ability to build their savings and pursue property ownership. As inflation rises and large investors drive up rental prices for the…

Addressing America’s Housing Crisis Requires Long-Term Solutions

Throughout the country, a shortage of middle-income housing and affordable rentals is limiting Americans’ ability to build their savings and pursue property ownership. As inflation rises and large investors drive up rental prices for the sake of profit, America’s housing crisis will only continue to escalate if Congress doesn’t step in immediately. With the 118th Congress sworn in and eager to enact change, it is important to choose a sustainable path that will ensure home purchase and rental prices remain affordable for years to come. While many solutions are on the table, some are short-sighted and don’t address the heart of the issue—we need to build more housing. Rent control has been proposed as a solution to curb the problem of housing affordability. However, several case studies prove that rent control is an ineffective, band-aid solution that ultimately decreases the supply of affordable rentals over time and shifts the financial burden of lower rent to mom-and-pop housing providers. The reality is, developers are reluctant to build in rent-controlled areas because of limited return on investment, which decreases the supply of low- to mid-range housing units. In areas where rent control is newly imposed, large-scale investors have proven likely to convert rentals to owner-occupied condominiums, further constraining rental supply. In a survey examining the effects of the 1994 rent control expansion in San Francisco, buildings where rent control was imposed were 8 percentage points more likely to be converted to higher-end, owner-occupied condominium housing than the non-rent controlled property control group. As a result of these high rental prices, fewer tenants lived in rent-controlled buildings, small multi-family housing decreased, and most rental supply catered to higher income households. With a “this is the rent, take it or leave it” mentality, rent control and its supporters continue to reduce supply, heighten demand, undermine quality of life and limit property owners’ ability to make improvements. For example, data spanning periods of change in rent control laws in Cambridge, Massachusetts, found rent control policies imposed about $2 billion in costs on local property owners, yet only $300 million of that cost was passed on to renters in the form of lower rent. The study indicates that rent controlled properties ultimately made the Cambridge housing market and nearby neighborhoods less desirable, and they continue to do so in cities throughout the country. Today, we can achieve a more affordable, navigable housing market by implementing smart policies, unlike the short-sighted option of rent control. These solutions include:
  1. Creating tax credits to convert unused or outdated commercial and office buildings into residential and mixed-use space that will maximize the use of existing properties and create more housing units in urban areas.
  2. As builders have focused on high-end properties with a guaranteed return on investment, middle-income housing and affordable rentals become scarce. We should modernize zoning to remove barriers to different types of home-building.
  3. Increasing the low-income housing tax credit will provide states with more funding which they can then use to incentivize the construction and rehabilitation of affordable rental housing.
As an immediate measure, local governments should consider employing targeted assistance to renters and housing providers to protect the vulnerable when gaps between rising wages and rising rent occur. By pushing forward these smart solutions, Americans can save money, support their households and move one step closer to building equity through property ownership. The American Property Owners Alliance (The Alliance) advocates for the rights of current and future property owners. Our aim is to educate and mobilize citizens in understanding, promoting and influencing the policies that support property owner protections. We understand that we can’t close the property ownership gap overnight. What we can do is work together at the federal, state and local levels to push forward creative, long-term solutions. We’re playing our part in solving America’s housing crisis. It’s time for Congress to do the same.

 

[rsnippet id="20" name="American Property Owners Alliance Section Only"]

 

Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.

Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.

[rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
NAR and The American Property Owners Alliance Oppose Home Equity Theft

Washington D.C.—On March 6, National Association of Realtors® (NAR), the American Property Owners Alliance (The Alliance), filed an amicus brief with the Supreme Court of the United States opposing property tax foreclosure laws, which allow…

NAR and The American Property Owners Alliance Oppose Home Equity Theft

Washington D.C.—On March 6, National Association of Realtors® (NAR), the American Property Owners Alliance (The Alliance), filed an amicus brief with the Supreme Court of the United States opposing property tax foreclosure laws, which allow local governments to keep home equity beyond what may be owed in taxes, interest, and penalties. In Tyler v. Hennepin County, at issue is a Minnesota statute allowing the government to seize a homeowner’s property to satisfy a government debt and keep any surplus from the sale in excess of the debt owed as a windfall rather than rightfully returning it to the homeowner.

Stripping property owners’ equity interest is one of several troubling examples of government encroachment on private property rights that NAR and the Alliance defend against. Rent control measures, eviction moratoria, and tax-foreclosure laws, such as the one at issue in this case, illustrate the increase in government interventions depriving citizens of vested property interests without paying just compensation and why NAR and the Alliance are weighing in, in defense of property owners nationwide.

Property ownership remains one of the most significant ways to build financial security in America. When unexpected financial hardships occur, families and individuals should not lose the entirety of their home equity, no matter the size of the debt. In 14 states, including Minnesota, existing laws allow governments to take homes, land, and excess profits from foreclosures when property owners fall behind on their taxes, a practice known as home equity theft. This unjust, unconstitutional practice strips households of significant savings and wealth often built by individuals and families over a lifetime. In a brief to the Supreme Court, we request that the Court reverse the Eighth’s Circuit’s ruling and uphold constitutionally protected private property rights under the Fifth Amendment. The brief argues the Takings Clause does not permit the government to retain value in excess of an amount owed - taking away vested private property rights of individuals - without paying just compensation. We urge the Court to recognize this direct threat and the increase in government restrictions on private property nationwide by rejecting any attempts to divest property owners of longstanding property interests.

NAR and The Alliance support property owners on their path to building equity, and we continue to work to protect that equity after it is accrued. Abolishing home equity theft will protect the most vulnerable and improve property ownership for years to come.

Read the Amicus Brief.


CONTACT
Amber Hord
apoamedia@propertyownersalliance.org

 

###

 

[rsnippet id="18" name="APOA Blog Executive Director Release"]
Homeowner Tax Deductions for 2023

Tax incentives help current owners protect their investment and make homeownership more accessible for all. When filing this year, make sure you know about these new federal tax credits that will help make homes more…

Homeowner Tax Deductions for 2023

Tax incentives help current owners protect their investment and make homeownership more accessible for all. When filing this year, make sure you know about these new federal tax credits that will help make homes more energy efficient while reducing energy costs and demand.

Tax Incentives for Property Owners



Preserving and expanding tax benefits for property owners is a top priority for the American Property Owners Alliance. Click here to see how you can advocate for tax policies that support homeowners and housing providers.

Sign up for updates and we’ll keep you informed on policy changes that impact your investment.

Click Here
[social_warfare]
5 Housing Market Myths Debunked

Everchanging headlines, data and predictions make the housing market challenging to navigate. Unfortunately, misconceptions about buying, selling and owning a home remain for many Americans. The Alliance is here to dispel common myths and set…

5 Housing Market Myths Debunked

Everchanging headlines, data and predictions make the housing market challenging to navigate. Unfortunately, misconceptions about buying, selling and owning a home remain for many Americans. The Alliance is here to dispel common myths and set the record straight on today’s housing market.

Market Myths vs Facts

 

 

Sign up for emails and follow The Alliance on Facebook, Twitter and LinkedIn to stay updated on the decisions impacting the housing market and our efforts throughout the year.

Click Here

[social_warfare]

What Will The Alliance Accomplish in 2023?

The American Property Owners Alliance (The Alliance) is a nonpartisan, nonprofit that was founded in 2020 to protect the interests of current and aspiring property owners. Property ownership strengthens our communities, boosts the national economy…

What Will The Alliance Accomplish in 2023?

The American Property Owners Alliance (The Alliance) is a nonpartisan, nonprofit that was founded in 2020 to protect the interests of current and aspiring property owners. Property ownership strengthens our communities, boosts the national economy and remains one of the best tools to build wealth. Our grassroots network advances policies that ensure everyone can reap these benefits. Last year was marked by incredible progress for The Alliance. From naming new leadership to growing our network of advocates, the successes of 2022 have strengthened our commitment to protecting and improving property ownership in America.

2022 Highlights

Colin Allen was named as The Alliance’s first executive director. With more than 17 years of policy and legislative experience, Colin brings a wealth of knowledge to this role, leading The Alliance in our mission to advance solutions that address the challenges that current and aspiring property owners face. Shortly after his appointment, Colin joined industry experts in Atlanta for Movin’ On Up!: Preserving Affordability, Parity and Progress in Real Estate for Black Americans. There, he moderated a conversation on the policy changes that can improve access to homeownership. 2022 closed with a major push to pass the Neighborhood Homes Investment Act (NHIA), a solution that would create new incentives for builders to develop and renovate family homes. The NHIA would address the severe shortage of middle-income housing to help close the gap in housing supply and strengthen communities throughout the country. The Alliance led a national campaign to empower individuals to unite their voices in support of the NHIA. This campaign resulted in more than 4,000 emails and tweets sent to members of Congress urging them to pass this critical legislation. While the NHIA did not make it into year-end legislation in 2022, we remain committed to advocating for creative solutions that will address America’s growing housing supply and affordability crisis.

2023 Commitments

As we begin this new year, we’re building on the momentum of 2022 to influence policy changes that will protect property ownership across the U.S. In 2023, we’re focused on growing our network of advocates and supporting creative solutions that will address America’s housing supply and affordability crisis, restore homeowner tax incentives, improve fair housing protections, and back smart infrastructure investments. Think: modernizing zoning to create more middle-income housing and converting unused office buildings into residential and mixed-use spaces. We understand that different solutions may more effectively solve housing challenges in different areas of the country. That’s why we are facilitating discussions around these solutions, to explore which opportunities will not only increase the supply of available homes, but also ensure Americans can access and sustain housing that meets their needs and budget. What’s more, The Alliance will continue to keep current and prospective owners informed on the policy decisions and news impacting their investment. To get involved with The Alliance in 2023, you can join our network and follow us on Facebook, Twitter and LinkedIn.
Stay In-The-Know on Alliance Policy Initiatives: Sign up for The Alliance’s Executive Director newsletter.

Fill out the form below to receive quarterly email updates from Executive Director, Colin Allen, on areas of focus and progress in protecting property ownership.

[rsnippet id="19" name="2023_APOA_CEC_SIGNUPS"]
The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone

It’s easy to blame remote workers for the pandemic’s chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive “Zoomtowns” make for vivid villains. But a…

The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone

It's easy to blame remote workers for the pandemic's chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive "Zoomtowns" make for vivid villains. But a new analysis from the Economic Innovation Group, a bipartisan public-policy organization, argues that, eventually, the shift to working from home may turn into the antidote for the price spikes that we've seen. That's because the places where remote workers are flocking — the Sun Belt region in the Southern US and suburban areas outside big coastal cities — are exactly the kinds of locations that are best-equipped to build cheap housing to absorb the flood of newly remote workers. Read the full article on Business Insider   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
What Would It Take to Turn More Offices Into Housing?

There’s about 998 million square feet of office real estate across the United States that’s available but in search of a tenant. That’s thousands of old cubicles, conference rooms, pantries and cafeterias sitting in ghostly…

What Would It Take to Turn More Offices Into Housing?

There’s about 998 million square feet of office real estate across the United States that’s available but in search of a tenant. That’s thousands of old cubicles, conference rooms, pantries and cafeterias sitting in ghostly quiet. That’s a vast amount of empty space — nearly 13 percent of the market — that could be turned into two-bedroom apartments, big-box retailers, boutique hotels, community college classrooms or even studios for artists. At least that is what city governments and developers are discussing with more urgency, as researchers estimate that office value will plunge 39 percent from prepandemic levels. What looks like a catastrophe to many building owners presents an opportunity, a possible catalyst for converting some older office spaces to new uses and transforming downtown neighborhoods into areas where people can also live, especially as the United States faces a deficit of more than three million homes. City and business leaders from New York, Chicago, Philadelphia and Seattle last month began a series of meetings, convened by the Brookings Institution, where they will exchange ideas on re-envisioning the future of their downtown business districts. Read the full article on The New York Times   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Guide to Low-Down-Payment Mortgages

It’s a perennial question for would-be home buyers: How can I possibly come up with such a huge down payment? The short answer, usually, is you don’t have to. Most first-time home buyers (and even…

Guide to Low-Down-Payment Mortgages

It’s a perennial question for would-be home buyers: How can I possibly come up with such a huge down payment? The short answer, usually, is you don’t have to. Most first-time home buyers (and even many repeat buyers) don’t have the 20 percent down payment needed to qualify for the lowest mortgage rates and to avoid extra costs like mortgage insurance. Even if you’ve managed to amass a reasonable sum, your down payment doesn’t buy you as much as it would have a year ago — mortgage rates are roughly double what they were then, and home prices haven’t deflated enough to offset those higher costs in many areas. But it’s still possible to lock in your sale with a smaller sum, whether you’re searching for a modest home on a teacher’s salary or financing something with a hefty year-end bonus or gift. Many programs, supported in some fashion by the federal government, allow down payments as low as 3 percent or even no money down. They go by funny names and a collection of abbreviations — Fannie Mae, Freddie Mac, F.H.A., V.A. and U.S.D.A., to name a few. Read the full article on The New York Times   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Congress Needs to Pass the Neighborhood Homes Investment Act

Today, about one million homes are available on the market compared to the 4 million in 2007. America is facing a serious housing shortage that demands immediate solutions to increase the supply of available, affordable…

Congress Needs to Pass the Neighborhood Homes Investment Act

Today, about one million homes are available on the market compared to the 4 million in 2007. America is facing a serious housing shortage that demands immediate solutions to increase the supply of available, affordable homes.

Right now, there is bipartisan legislation that, if passed, would expand access to homeownership in communities that need it most. The Neighborhood Homes Investment Act (NHIA) would create 500,000 available homes to help close the supply-demand gap for moderately-priced housing.

This pro-housing policy has over 120 bipartisan co-sponsors in the House and Senate, and there is still time for Congress to pass it before the end of the year. The Alliance is amplifying voices across America during this crucial period, putting pressure on policymakers to prioritize the passage of the NHIA.

What is the Neighborhood Homes Investment Act?

The NHIA would create new incentives to develop and renovate family homes—a critical solution to address the severe shortage of middle-income housing. This solution helps close the gap in housing supply and demand while also strengthening communities.

The passage of this solution will support multiple sectors of the economy by spurring billions of dollars in development activity, wages and salaries, and federal, state and local tax revenues. It also supports upwards of 33,000 construction- and construction-related jobs.

Why It’s Time for Action

Across the country, empty or poorly maintained homes contribute to declining property values. In many neighborhoods, it often costs more to build or renovate a house than what the property would sell for. Instead of abandoning these homes altogether, the NHIA would provide builders with the tools they need to bring more affordable homes to the market.

Homebuyers deserve a pathway to sustainable homeownership and neighborhood stability. By passing the NHIA, we are one step closer to achieving just that.

This pro-housing policy can help improve access to affordable homes in your community and across America. Right now, we can amplify our voices to make sure Congress hears us loud and clear. Before the new Congress takes office on January 3, let’s put pressure on current policymakers to prioritize housing supply.

Tell your member of Congress to prioritize the Neighborhood Homes Investment Act

The Alliance is here to help current and future homeowners access a property that meets their needs, and to help you navigate the decisions that are still on the table to do so.

As Americans face economic uncertainty, we must protect the rights of current property owners and ensure access to ownership opportunities for potential buyers.

Despite drop in new home sales, existing owners retain home values

As soaring mortgage rates push potential homebuyers out of the market, new home sales in September dropped by 10.9%, according to government data released Wednesday. But some industry experts say the market isn’t poised for…

Despite drop in new home sales, existing owners retain home values

As soaring mortgage rates push potential homebuyers out of the market, new home sales in September dropped by 10.9%, according to government data released Wednesday. But some industry experts say the market isn't poised for a crash yet. Read the full article on The National Desk

 

[rsnippet id="12" name="About APOA and Sign Up for Updates"]
Top Housing Markets This Fall Are Those With Affordable Homes

Home-buying demand remained robust in low-cost cities with strong local economies in the third quarter, helping lift Johnson City, Tenn., to the top of The Wall Street Journal/Realtor.com Emerging Housing Markets Index. Rising mortgage rates…

Top Housing Markets This Fall Are Those With Affordable Homes

Home-buying demand remained robust in low-cost cities with strong local economies in the third quarter, helping lift Johnson City, Tenn., to the top of The Wall Street Journal/Realtor.com Emerging Housing Markets Index. Rising mortgage rates have made most home purchases less affordable and pushed many buyers out of the market. Existing-home sales dropped for eight straight months through September. Homes are sitting on the market longer, and more sellers are cutting prices. Buyers’ focus on affordability benefited Johnson City. The metro area’s median listing price was $379,000 in September, up 27% from a year earlier, according to Realtor.com, while median list-price growth nationwide was 14%. Johnson City’s median listing price was $48,000 below the median listing price nationwide last month. The index identifies the top metro areas for home buyers seeking an appreciating housing market, a strong local economy and appealing lifestyle amenities. Read the full article on The Wall Street Journal   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Housing market first-timer? From contingency to foreclosure to housing market predictions, what you should know.

The U.S. housing market has gone from scorching to cooling within months as the momentum is also slowly shifting from a seller’s market to one more favorable to buyers. But some might be unfamiliar with…

Housing market first-timer? From contingency to foreclosure to housing market predictions, what you should know.

The U.S. housing market has gone from scorching to cooling within months as the momentum is also slowly shifting from a seller's market to one more favorable to buyers. But some might be unfamiliar with the most commonly used terms in the industry. "The more you know before you jump into either buying or selling a house, the easier it will be," said Kristina O'Donnell, a realtor with Realty One in the Philadelphia area. Read the full article on USA Today   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
How to Buy a House

Buying a home is a big accomplishment. It also requires a lot of planning, especially when it comes to your finances. From figuring out how much you can spend to finding the perfect mortgage, making…

How to Buy a House

Buying a home is a big accomplishment. It also requires a lot of planning, especially when it comes to your finances. From figuring out how much you can spend to finding the perfect mortgage, making smart decisions upfront can save you thousands of dollars down the road. However, you can make the process a lot easier—and less stressful—by taking the time at the start to answer some of the most important questions you will face. Buying a home is “the biggest expense most households will engage in,” says Mike Schenk, chief economist at the Credit Union National Association. “Before you even think about buying a house, you need to have your financial house in order.” That’s why we’ve put together a three-step guide to buying a home. Read on, and we’ll walk you through the process from setting your budget to choosing a mortgage to actually bidding and closing on a home. Read the full article on The Wall Street Journal   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
American Property Owners Alliance Announces Executive Director Appointment

Washington D.C.—The American Property Owners Alliance board has announced Colin Allen’s appointment as the first Executive Director for the organization. The American Property Owners Alliance (The Alliance) is a nonprofit, nonpartisan organization that was launched…

American Property Owners Alliance Announces Executive Director Appointment

Washington D.C.—The American Property Owners Alliance board has announced Colin Allen’s appointment as the first Executive Director for the organization.

The American Property Owners Alliance (The Alliance) is a nonprofit, nonpartisan organization that was launched in 2020 to protect and support property owners.

Colin will lead The Alliance in its mission to advance and promote solutions to property owners’ challenges. Colin will oversee efforts to educate property owners about federal issues and policies and mobilize a powerful collective of advocates to secure property owners’ rights and interests. His vision is to elevate the voices of Americans to safeguard the value of property ownership for families, communities and the country.

Colin Allen: “Voters of every background all across the country believe in our effort to protect and support property ownership. I look forward to helping current and aspiring property owners get involved in the political process and help them advocate for policies that create opportunity, build family wealth and protect their investment.”

Shannon McGahn: “Colin was an invaluable part of NAR for many years, and we are excited about his leadership of the APOA and his new role advocating for property owners and consumers. NAR and APOA align on many of the same goals and Colin understands the important role property ownership plays in building generational wealth for the American middle class. We look forward to continuing to work with the APOA as we advocate for our members, the real estate economy, consumers, and property owners.”

Colin brings more than 17 years of policy and legislative experience to the Alliance, which he will leverage to educate and mobilize property owners across the country. Prior to this appointment, Colin served as the Director of Government Advocacy and Policy Strategy at The National Association of REALTORS®. There he played a central role in the development and advocacy campaigns supporting homeownership and housing policy. His work focused on the legislative process, where he took an active role in the drafting and advocacy stages of legislation to reform insurance for home and commercial property owners, increase the availability of affordable ownership opportunities through Federal Housing Administration, and provide relief to independent contractors and small businesses.

CONTACT
Amber Hord
apoamedia@propertyownersalliance.org

 

###

 

[rsnippet id="18" name="APOA Blog Executive Director Release"]
America Still Needs More Homes

The biggest problem for America’s housing market is that there aren’t enough homes available. The sales slowdown probably won’t do much to alleviate the situation and over time could make it even worse. The National…

America Still Needs More Homes

The biggest problem for America’s housing market is that there aren’t enough homes available. The sales slowdown probably won’t do much to alleviate the situation and over time could make it even worse. The National Association of Realtors on Wednesday said 5.12 million previously owned homes were sold in June, at a seasonally adjusted annual rate, down from May’s 5.41 million. It was both the lowest level since the early months of the pandemic and below the prepandemic trend. It reflects just how much the affordability problem, driven by the sharp rise in mortgage rates and sky-high home prices, is weighing on sales. What is needed is for housing to somehow become more affordable. Read the full article on The Wall Street Journal   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Homeowner Assistance Fund

The Homeowner Assistance Fund (HAF) is a $9.961 billion federal program to help households who are behind on their mortgages and other housing-related expenses due to the impacts of COVID-19. The HAF program is overseen…

Homeowner Assistance Fund

The Homeowner Assistance Fund (HAF) is a $9.961 billion federal program to help households who are behind on their mortgages and other housing-related expenses due to the impacts of COVID-19. The HAF program is overseen by the U.S. Treasury Department and administered by the states, territories, and tribes. Nearly every state and territory has launched their HAF programs, and the others are working diligently to get their programs approved and up and running quickly. To help homeowners sooner, some states have been administering pilot assistance programs while they finalize their full HAF programs. Visit the link to find help. Read more   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Why homeownership is becoming incredibly tough for young people

Homeownership remains a key benchmark for younger Americans, yet many encounter numerous hurdles immediately upon entering the market. Some need help from their parents to meet basic down payments to qualify for a mortgage, while…

Why homeownership is becoming incredibly tough for young people

Homeownership remains a key benchmark for younger Americans, yet many encounter numerous hurdles immediately upon entering the market. Some need help from their parents to meet basic down payments to qualify for a mortgage, while all enter right into a housing market where inventory is historically low. First time homebuyers deal with these issues while facing rising inflation, growing interest rates, and a supply crunch that leaves them wading through an ultra-competitive market in search of housing suitably priced for first-time owners. Despite the drastic changes in the housing market and the strains of inflation, recent polling shows most American adults view homebuying as a hallmark of the American dream. Around 65 percent of Millennials and 59 percent of those in Gen Z put homeownership as a fundamental marker of success. But their main barrier is affordability, whether due to their own incomes or the cost of a home. Read the full article on The Hill   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Something Old, Something New: Biden’s Housing Plan

President Joe Biden released a far-reaching Housing Supply Action Plan in May that announces or proposes dozens of measures meant to sharply boost housing production. They include incentives for local zoning reform, new financing products…

Something Old, Something New: Biden’s Housing Plan

President Joe Biden released a far-reaching Housing Supply Action Plan in May that announces or proposes dozens of measures meant to sharply boost housing production. They include incentives for local zoning reform, new financing products from Freddie Mac and Fannie Mae, budget hikes for federal programs like HOME and LIHTC, efforts to promote manufactured housing and accessory dwelling units (ADUs), supply chain improvements, and increased recruitment of construction workers. While many of the items would improve access to affordable housing for low-income people, the document is billed as a plan to spur home construction across the board. Read the full article on ShelterForce   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
3 ways rising property values are actually bad for homeowners

As the value of homes rise, many empty nesters are faced with a difficult financial dilemma: stay in a home that’s too large and costly to maintain, or purchase a smaller — but just as…

3 ways rising property values are actually bad for homeowners

As the value of homes rise, many empty nesters are faced with a difficult financial dilemma: stay in a home that's too large and costly to maintain, or purchase a smaller — but just as expensive — home, on top of rising interest rates. Learn why rising property values aren't always positive. Read the full article on Business Insider   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
3 Property Rights Worth Protecting

Property ownership is an investment worth protecting. The constant flow of news makes it hard to stay up to date on the important policies and decisions that impact this investment. The American Property Owners Alliance…

3 Property Rights Worth Protecting

Property ownership is an investment worth protecting. The constant flow of news makes it hard to stay up to date on the important policies and decisions that impact this investment. The American Property Owners Alliance is here to help. The Alliance cares about the unique challenges current and aspiring property owners face and works to safeguard their interests by protecting the following rights.

Right to Improve Property

Owning property gives you the opportunity to design and decorate your space any way you like. The Alliance believes a property owner has the right to alter property, so long as you respect your neighbors, bring no harm to others and abide by the law. In keeping with local business codes, you have the right to use the floor plan, measurements, design tools and contractors of your choosing. The Alliance recently advocated for property owners in a ruling jeopardizing their right to use their home’s floor plan to complete necessary repairs or that dream remodel they worked so hard for. This is just one of the ways in which The Alliance advocates for property owners’ rights.

Right to Pay Fair Share in Taxes

Taxes are meant to benefit property owners because they support a range of community benefits—from supporting local infrastructure to making communities safer. Tax incentives also make property ownership more accessible and sustainable through mortgage interest deductions and state and local property tax deductions that make owning a home more affordable. Tax incentives for homeowners have been chipped away in recent years, which means the tax burden on property owners has grown. The Alliance believes property owners are valuable to communities and the country and have the right to pay their fair share in taxes. We’re advocating to restore tax incentives for property owners in order to protect current and aspiring owners, and to ensure communities continue to reap the benefits of property ownership.

Right to be Informed

Americans have the right to be informed of policy changes impacting their investment or access to property ownership. This way, property owners can raise their collective voice and have a say in these decisions. The Alliance is committed to helping you do both. Sign up for emails and bookmark our News and Resources webpage to stay updated on policy changes and the topics you care about most: housing affordability, fair housing, taxes, infrastructure and more. Then, sign our petition urging decision makers to prioritize support for property owners once again. [rsnippet id="15" name="Global Article Footer - APOA Blog July"]
A Proclamation on National Homeownership Month, 2022

For many Americans, a home is more than just a residence. It is a place that instills a sense of pride, security, and comfort that, no matter what challenges in life arise, they have somewhere…

A Proclamation on National Homeownership Month, 2022

For many Americans, a home is more than just a residence. It is a place that instills a sense of pride, security, and comfort that, no matter what challenges in life arise, they have somewhere to go and call their own. Whether owning or renting, a home is where we can live with dignity and watch our families grow. During National Homeownership Month, we recognize the importance of housing and reaffirm our commitment to ensuring that everyone has a place to call home. Homeownership is a major source of generational wealth for many Americans — it is a central part of the American dream. But for too many Americans — especially Black and Brown Americans — homeownership and the opportunity to build and pass down wealth through it are unattainable. Longstanding inequities in the housing system, from disinvestment to redlining and mis-valuation of homes in communities of color, have locked out entire generations from the American dream and the opportunity to build generational wealth. Housing also opens up opportunities that are tied to where one lives, and it is our shared responsibility to ensure that everyone has equitable access to those opportunities — from education and stable employment to quality health care and healthy food. As we mark National Homeownership Month, we recognize the importance of housing for all Americans. Whether owning, renting, or aspiring to do either, we renew our commitment to lowering costs and expanding access to safe, affordable homes that all Americans need and deserve. Together, we can ensure that every American has a safe place to call home. Read the full article on WhiteHouse.gov   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
The U.S. needs more homes, but builders may be slowing construction

Rising interest rates and record home prices are making it impossible for many Americans to buy a house, and that’s making builders less confident that if they build a home they’ll be able to sell…

The U.S. needs more homes, but builders may be slowing construction

Rising interest rates and record home prices are making it impossible for many Americans to buy a house, and that's making builders less confident that if they build a home they'll be able to sell it. A new poll conducted by the National Association of Home Builders shows builder confidence in the market for new single-family homes is at its lowest level since June 2020 after six straight months of decline, "a clear sign of a slowing housing market in a high inflation, slow growth economic environment," NAHB Chairman Jerry Konter said. Read the full article on NPR   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
The New Math of Reverse Mortgages for Retirees

Reverse mortgages, maligned for years as loans of last resort for struggling seniors, have gotten a makeover. For decades the industry’s image was tainted by horror stories about borrowers who faced foreclosure, and surviving spouses…

The New Math of Reverse Mortgages for Retirees

Reverse mortgages, maligned for years as loans of last resort for struggling seniors, have gotten a makeover. For decades the industry’s image was tainted by horror stories about borrowers who faced foreclosure, and surviving spouses who were evicted. But today, these products—first introduced in 1961—have evolved into tools that, with federal insurance and oversight, often do what was originally intended: ease financial burdens for retired homeowners with limited incomes who want to stay in their homes until death. Read the full article on The Wall Street Journal   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Skyrocketing Home Costs Spur Fed, State Aid to First-Time Buyers

Federal officials and state lawmakers are looking at new ways to help prospective home buyers compete with investors for scarce housing in hot real estate markets. Federal and state regulators are eyeing steps to make…

Skyrocketing Home Costs Spur Fed, State Aid to First-Time Buyers

Federal officials and state lawmakers are looking at new ways to help prospective home buyers compete with investors for scarce housing in hot real estate markets. Federal and state regulators are eyeing steps to make prospective first-time buyers better able to compete for homes. Lawmakers in California and New Jersey, among others, have proposed boosting down-payment assistance funds for first-time buyers, taxing investors who flip residential real estate, and giving owner-occupants greater leverage to purchase foreclosed homes. Read the full article on Bloomberg Law   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Why it’s so hard to buy a home right now

Home prices have skyrocketed by nearly 20% over the last year and mortgage rates have risen faster over the past three months than they have in decades. But the high cost to buy a home…

Why it’s so hard to buy a home right now

Home prices have skyrocketed by nearly 20% over the last year and mortgage rates have risen faster over the past three months than they have in decades. But the high cost to buy a home is not the only obstacle prospective buyers are facing. Other hurdles include a lack of available homes for sale that fit the buyer's criteria, bidding wars, and failing to have enough money for a down payment, according to a new study from the National Association of Realtors and Morning Consult. Read the full article on CNN   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
Property Ownership Benefits Us All

Property ownership is an investment in yourself and your community — in more ways than you might realize. Property owner tax dollars invest in communities, but that’s only part of the story: research shows that…

Property Ownership Benefits Us All

Property ownership is an investment in yourself and your community — in more ways than you might realize. Property owner tax dollars invest in communities, but that’s only part of the story: research shows that property ownership provides a range of social benefits, including increased volunteerism, improved health, and less crime. These benefits are the reason The American Property Owners Alliance believes federal policies should do a better job of supporting property owners and incentivizing property ownership. The positive impact of property ownership is far reaching. Learn how it benefits you, your community, and the economy — and why it’s worth protecting.  

You

Owning property gives you the freedom to live comfortably in a space that meets your needs. Rather than making rental payments that don’t invest for yourself, owning property helps you build wealth. According to a study conducted by the National Association of Realtors, the typical homeowner accumulated $176,123 in home equity in a span of 10 years on a median-priced single-family home.1 Homes are more valuable now than they’ve been in a long time. A recent analysis by Zillow marked the first time that homeowners earned more from appreciation of their home than their jobs in 2021.2 Purchasing a home is a big investment, but it’s a smart one.
 

Your Community

The community benefits of homeownership are far-reaching. Homeowners directly invest in their community through property taxes, which contribute to local schools, first responders, public parks, infrastructure like roads and bridges, and more. The value of a home is tied to the value of the neighborhood — which means homeowners are motivated to help improve their community. The National Association of Realtors found that homeowners are more likely to upkeep their homes and yards than renters, raising property values and improving the state of neighborhoods and communities.3 Homeowners also tend to volunteer more and are more likely to participate in local elections than renters.4
 

The Economy

The U.S. Census Bureau found that homeowners’ median wealth was nearly 89 times larger than the median wealth of renters.5 With more disposable income, homeowners purchase more local goods and rely on more services within their community, stimulating the economy where they live. This helps create jobs, improve public infrastructure, and helps your community’s economy operate independently of others. Plus, small businesses continue to be major drivers of the U.S. economy as a whole.6
 
The American Property Owners Alliance is an ally to property owners and works to advance public policies that support ownership throughout the United States. We serve as a trusted resource for property owners by providing timely, accurate information to help them safeguard their interests. We believe that the dream of homeownership is worth protecting. If you agree, we encourage you to add your name to our petition.
 
Join The Alliance
 
 
As mortgage rates keep climbing, homes are more expensive for both renters and buyers

One of the advantages to buying a home is that mortgage payments can be cheaper than renting — provided you have enough money saved up to afford a down payment and other costs of being…

As mortgage rates keep climbing, homes are more expensive for both renters and buyers

One of the advantages to buying a home is that mortgage payments can be cheaper than renting — provided you have enough money saved up to afford a down payment and other costs of being of a homeowner. However, even though U.S. rent prices surged in the last year, that rent growth has been outpaced by rising mortgage payments in recent months as home prices continue to rise. Read the full article on CNBC   [rsnippet id="12" name="About APOA and Sign Up for Updates"]
We All Play a Role in Achieving Fair Housing

April is National Fair Housing Month, a time when we celebrate the passage of the Fair Housing Act in 1968 and recognize progress towards ending housing discrimination in America. It’s also a time to think…

We All Play a Role in Achieving Fair Housing

illustration of houses and a person

April is National Fair Housing Month, a time when we celebrate the passage of the Fair Housing Act in 1968 and recognize progress towards ending housing discrimination in America. It’s also a time to think about how we can work together to achieve our shared goal of fair housing—where we can all access the housing we desire in communities that welcome us. Keep reading to learn about four organizations that are making strides to improve housing access—and see how you can join the effort to achieve fair housing. NeighborWorks America is a nonpartisan nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. NeighborWorks supports a network of nearly 250 organizations nationwide that help people access sustainable homeownership. Lee Anne Adams, Senior Vice President of National Initiatives at NeighborWorks America, explains, “To overcome the longstanding and growing inequities in our communities, we need to reach common goals and align resources across sectors to make an impact.” NeighborWorks’ network of organizations offers a range of services from financial coaching and pre-purchase counseling to homebuyer education, down payment assistance programs, and affordable first mortgage products. NeighborWorks’ impact nationally in 2021 includes its network investing more than $16.8 billion in their communities, creating and/or maintaining 49,000 jobs, and providing more than 470,000 housing and counseling services. Louisiana Fair Housing Action Center (LaFHAC) is a nonprofit civil rights organization that has been fighting against discrimination in housing since 1995. LaFHAC provides free legal representation to people who have experienced discrimination and challenges discriminatory policies and practices in the housing market. When asked why equitable access to housing is so important, Cashauna Hill, Executive Director of the Louisiana Fair Housing Action Center, explains, “Where we live influences nearly every aspect of our lives. Our zip code determines everything from whether we have access to fresh food and produce to how long we’ll have to wait for public transit, to even how long we’ll live. Equitable access to housing is important because where we live determines how or whether we’ll have access to opportunity.” The Fair Housing Justice Center (FHJC) is a nonprofit civil rights organization that serves all five boroughs of New York City and seven surrounding New York counties. FHJC works to eliminate housing discrimination by promoting policies that foster inclusive communities and strengthening the enforcement of fair housing laws. In addition to assisting people who file housing discrimination complaints, FHJC conducts proactive systemic testing investigations to identify patterns of housing discrimination that exist in the community. “Our investigations have led to legal challenges that have opened more than 70,000 housing units to previously excluded populations, recovered more than $53 million in damages and penalties, and changed the way many housing providers and government agencies do business,” explains Executive Director of the Fair Housing Justice Center, Elizabeth Grossman. Fair Housing Center of Central Indiana (FHCCI) is a nonprofit fair housing organization that works to create equal housing opportunities in Central Indiana through advocacy, enforcement, education, and outreach. FHCCI was established in 2012 through a U.S. Department of Housing & Urban Development grant awarded to the National Fair Housing Alliance to establish a fair housing agency in central Indiana. When asked what the future of fair housing looks like, Amy Nelson, the Executive Director of Fair Housing Center of Central Indiana, explains, “Truly achieving fair housing requires the full attention and support of the federal government, the courts, and all of us. Fair housing laws have never had funding or the strength of will to truly address our nation’s history of discriminatory practices that still impact our neighborhoods and our country today. I remain hopeful we can achieve the vision of fair housing laws that allows each person to have equal housing opportunity.”
The American Property Owners Alliance (The Alliance) convenes current and aspiring property owners and housing organizations to create a unified voice for policymakers to hear. We take action to expand policies and programs that promote equitable access to homeownership. Click here to sign-up for action alerts so you can advocate with us!
  If you believe you have experienced discrimination in renting or buying a home, getting a mortgage, or other housing-related activities because of your race, color, national origin, religion, sex, familial status, or disability—click here to learn how to file a complaint with HUD. HUD will investigate your complaint for free.
With housing stock low and prices up, Black, white homeownership gap growing | Opinion

A former Trump deputy assistant and the first Black mayor of Columbia S.C. say the gap between Black and white home ownership is larger now than when housing discrimination was legal. For generations, owning a…

With housing stock low and prices up, Black, white homeownership gap growing | Opinion

A former Trump deputy assistant and the first Black mayor of Columbia S.C. say the gap between Black and white home ownership is larger now than when housing discrimination was legal. For generations, owning a home — especially a first home — was a rite of passage for many Americans. The home you purchased was a place to raise a family, a sanctuary after a long day at work, and the backdrop to life’s most precious memories. A home also served as a critical investment in creating generational wealth. It was and remains a source of pride and dignity for the American family. Today, however, the possibility of owning a home is harder to come by, especially for Black Americans. The gap between Black and white Americans who own homes is larger today than when housing discrimination was legal — and it continues to grow.   [rsnippet id="7" name="Global Article Footer"]
American Property Owners Alliance Supports Appeal of Ruling on Homeowners’ Use of Floor Plans

Appellate Court ruling could prevent homeowners from using floor plans for appraisals, tax assessments WASHINGTON (April 05, 2022) – The American Property Owners Alliance (The Alliance) supports the effort to appeal the Eighth Circuit Court…

American Property Owners Alliance Supports Appeal of Ruling on Homeowners’ Use of Floor Plans

Appellate Court ruling could prevent homeowners from using floor plans for appraisals, tax assessments

WASHINGTON (April 05, 2022) - The American Property Owners Alliance (The Alliance) supports the effort to appeal the Eighth Circuit Court of Appeals ruling in Designworks Homes, Inc. v. Columbia House of Brokers Realty, Inc. to the U.S. Supreme Court. The Appellate Court decision means homeowners may be found liable for copyright infringement for using a reproduction of the floor plan of their home —including a copy or even a sketch of the floor plan—without authorization from their architect. This includes the use of floor plan reproductions or use of floor plan measurements in appraisals for mortgages, tax assessments, property evaluation documents, insurance documents, or home improvements. “Property owners have the right to use the floor plan and measurements of their property as they see fit,” said American Property Owners Alliance President, Jim Imhoff. “The Eighth Circuit ruling is a direct threat to that right and we support giving the Supreme Court the opportunity to reverse the Appellate Court’s misguided decision.” The Eighth Circuit Court ruling is deeply unpopular, according to an online survey of 1,029 homeowners who voted in the 2020 Presidential election. The survey was conducted by The Alliance from March 15-20, 2022 and has a margin of error +/- 3%. The survey found:
  • 71% of respondents strongly agree you have the right to do what you want with your property, as long as you respect your neighbors, don’t harm others, or break the law.
  • 85% of respondents strongly agree you have the right to remodel or renovate the inside of your home as you see fit, consistent with local building codes where applicable.
  • 89% of respondents strongly agree homeowners should be able to create a floorplan of their home anytime they want, and select whomever they want to fulfill that task.
  • 83% of respondents strongly agree the owner of a home has the right to use the measurements of the inside of that home, along with online design tools, to ensure that new furniture and appliances would fit before making those significant purchases.

 

[rsnippet id="12" name="About APOA and Sign Up for Updates"]
Mortgage rates rise above 4% for the first time since 2019

Mortgage rates climbed past 4% for the first time since May 2019. All these factors will continue to push mortgage rates higher in the months ahead. That means one of the main drivers of home…

Mortgage rates rise above 4% for the first time since 2019

Mortgage rates climbed past 4% for the first time since May 2019. All these factors will continue to push mortgage rates higher in the months ahead. That means one of the main drivers of home sales over the past two years -- super low mortgage rates -- is drying up. At today's rates, the monthly mortgage for a buyer of a median-priced home will be more than $340 higher than it was a year ago.   [rsnippet id="7" name="Global Article Footer"]
Planning to buy a home in the spring? Some new mortgage rules may affect your purchase

Some adjustments have been made in response to such events as the pandemic-associated economic crisis. Here are the new rules that you should know about before applying for a loan. Read the full article on…

Planning to buy a home in the spring? Some new mortgage rules may affect your purchase

Some adjustments have been made in response to such events as the pandemic-associated economic crisis. Here are the new rules that you should know about before applying for a loan.   [rsnippet id="7" name="Global Article Footer"]
Homes Earned More for Owners Than Their Jobs Last Year

Home values surged last year as low mortgage-interest rates stoked buyer demand and the number of homes on the market remained unusually low. Collectively, U.S. homeowners with mortgages gained more than $3.2 trillion in equity…

Homes Earned More for Owners Than Their Jobs Last Year

Home values surged last year as low mortgage-interest rates stoked buyer demand and the number of homes on the market remained unusually low. Collectively, U.S. homeowners with mortgages gained more than $3.2 trillion in equity in 2021 compared with a year earlier, according to housing-data provider CoreLogic.   [rsnippet id="7" name="Global Article Footer"]
4 Lesser-Known Tax Deductions for Landlords

The Alliance is here to help housing providers take advantage of the tax benefits available to them when filing this year. Whether you own one rental property or dozens, these tax deductions can help you…

4 Lesser-Known Tax Deductions for Landlords

The Alliance is here to help housing providers take advantage of the tax benefits available to them when filing this year. Whether you own one rental property or dozens, these tax deductions can help you keep more money in your pocket. Most rental property owner deductions can be claimed in Form 1040 and filed with your regular annual tax return.  

Pass-Through Deduction

Certain landlords who are owners of sole proprietorships, partnerships, S corporations and certain trusts may deduct up to 20% of their net rental income from their income taxes if their rental activity rises to the level of a business instead of an investment. Owners of rental property who spend at least 250 hours per year on the property or properties may also qualify. This deduction is set to be available from 2018 through 2025—take advantage of it while you can!  

Advertising Costs

Owners of rental property can deduct expenses that help you bring in new tenants and keep existing ones. This includes “For Rent” signs, newspaper ads, digital advertising and more.  

Legal and Professional Services

Owners of rental property may deduct fees paid to attorneys, accountants, advisors, and other professionals incurred from buying and maintaining the property.  

Travel and Transportation

Owners of rental property can deduct travel expenses incurred when traveling to their rental building to deal with a current tenant complaint or to locations related to maintaining the property — this includes the hardware store!   These 4 lesser-known deductions can help save you money this tax season, but don’t forget to claim deductions for utility, insurance, and repair costs when you file as well.  
Preserving and expanding tax benefits for property owners is a top priority for the American Property Owners Alliance. Sign our petition to advocate for tax policies that support homeowners.
Sign up for updates and we’ll keep you informed on policy changes that impact your investment.

Click Here
Homeowner Tax Deductions for 2022

Tax incentives help current owners protect their investment and make homeownership more accessible for all. Here are some key tax provisions that you should be aware of when filing this year. Preserving and expanding tax…

Homeowner Tax Deductions for 2022

Tax incentives help current owners protect their investment and make homeownership more accessible for all. Here are some key tax provisions that you should be aware of when filing this year.

Tax Incentives for Property Owners



Preserving and expanding tax benefits for property owners is a top priority for the American Property Owners Alliance. Click here to see how you can advocate for tax policies that support homeowners and housing providers.

Sign up for updates and we’ll keep you informed on policy changes that impact your investment.

Click Here
[social_warfare]
American Property Owners Alliance: Honoring Influential Women in Housing

Throughout America’s history, influential women have shaped the housing opportunities, social services, and vibrant communities we have today. As we celebrate Women’s History Month, The American Property Owners Alliance (The Alliance) is recognizing three female…

American Property Owners Alliance: Honoring Influential Women in Housing

Throughout America’s history, influential women have shaped the housing opportunities, social services, and vibrant communities we have today. As we celebrate Women’s History Month, The American Property Owners Alliance (The Alliance) is recognizing three female leaders who took a stand to create essential resources for those in need and build diverse and resilient communities.

Catherine Bauer was an influential leader in the fight for affordable housing. Her forward-thinking approach to housing policy led her to be the primary author for America’s first affordable housing legislation — the U.S. Housing Act of 1937. Bauer influenced housing and urban planning strategies throughout the terms of three different United States presidents.1

Patricia Roberts Harris made history as the first African American woman to hold a cabinet position when she was appointed to Secretary of Housing and Urban Development (HUD) in 1977. As HUD Secretary, Harris brought aid to deteriorating neighborhoods and worked to bring business back to impoverished areas.2 Harris was known for her leadership in battling housing discrimination and rehabilitating neighborhoods.

Jane Jacobs was a writer and activist who championed a community-based approach to city planning. In Jacob’s 1961 treatise, The Death and Life of Great American Cities, she claimed, “Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody.”3 Jacobs was known for her innovative approach to building vibrant communities that prioritized parks and public spaces that served the needs of residents.

These are just a few of the influential women who have or are improving America’s housing opportunities through advocacy and forward-thinking policy. It’s up to us to continue the mission to make housing more accessible and equitable. The Alliance is a nonpartisan, nonprofit that advocates for public policies that support property ownership and strengthen communities. If you’re interested in supporting this mission, join our efforts today.

Join Us

 

[social_warfare]

1 https://labgov.city/theurbanmedialab/catherine-bauer-wurster-hero-of-american-affordable-housing/
2 https://www.historicamerica.org/journal/2021/3/1/a-woman-of-firsts-patricia-roberts-harris
3 https://www.theatlantic.com/magazine/archive/2016/11/the-prophecies-of-jane-jacobs/501104/
Two-thirds of single women say they’re not waiting until marriage to become homeowners, study finds

Single women are also quietly dominating the housing market. About 2 in 3 single women (65%) reported that they would rather not wait until they were married to buy homes, regardless of how old they…

Two-thirds of single women say they’re not waiting until marriage to become homeowners, study finds

Single women are also quietly dominating the housing market. About 2 in 3 single women (65%) reported that they would rather not wait until they were married to buy homes, regardless of how old they were.   [rsnippet id="7" name="Global Article Footer"]
New York City’s Property Taxes Are Crushing Homeowners

‘Living Here is Getting More and More Difficult.’ Homes are taxed as a function of their market value across much of the nation, but New York City’s process is more complicated and problematic than most.…

New York City’s Property Taxes Are Crushing Homeowners

'Living Here is Getting More and More Difficult.' Homes are taxed as a function of their market value across much of the nation, but New York City's process is more complicated and problematic than most.   [rsnippet id="7" name="Global Article Footer"]
Buying a First Home Is Tougher Than Ever in Today’s Market. Here’s What Experts Say It Takes to Be Successful

Home inventory for people who typically qualify as first-time homeowners is at record lows. Still, despite the frustrations of buying your first home in a challenging market, now might be the time to lock in…

Buying a First Home Is Tougher Than Ever in Today’s Market. Here’s What Experts Say It Takes to Be Successful

Home inventory for people who typically qualify as first-time homeowners is at record lows. Still, despite the frustrations of buying your first home in a challenging market, now might be the time to lock in your mortgage payment, before interest rates increase.   [rsnippet id="7" name="Global Article Footer"]
Homebuyers Confront an Abnormal Market for Yet Another Year

Home prices are going up, along with mortgage interest rates. Is now the time to buy — before conditions worsen? Read the full article on Yahoo   TweetShare [...]Read More...

Homebuyers Confront an Abnormal Market for Yet Another Year

Home prices are going up, along with mortgage interest rates. Is now the time to buy — before conditions worsen?   [rsnippet id="7" name="Global Article Footer"]
Homeowners Gain Nearly $225K in Equity Over the Past Decade

Homeownership is seen as the largest source of wealth among families, with the median value of a primary residence worth nearly 10 times the median value of financial assets held by families. Read the full…

Homeowners Gain Nearly $225K in Equity Over the Past Decade

Homeownership is seen as the largest source of wealth among families, with the median value of a primary residence worth nearly 10 times the median value of financial assets held by families.   [rsnippet id="7" name="Global Article Footer"]
What Factors Are Holding Back Black Homeownership?

Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the process back by weeks. According to a new…

What Factors Are Holding Back Black Homeownership?

Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the process back by weeks. According to a new report by Zillow, the rate at which Black applicants were denied mortgages is 84% higher than white applicants in 2020 (the latest year for which data is available). This is up from the 74% rate seen in 2019.

 

[rsnippet id="7" name="Global Article Footer"]
Student Debt Getting in the Way of Millennial Homeownership

Millennial homeownership is on the rise — but student loan debt is still keeping millions of members of America’s largest generation from owning a home. Buying a house remains the No. 1 way to build wealth…

Student Debt Getting in the Way of Millennial Homeownership

Millennial homeownership is on the rise — but student loan debt is still keeping millions of members of America's largest generation from owning a home. Buying a house remains the No. 1 way to build wealth in the U.S. Due to their sheer numbers, millennials are the largest group buying homes right now, but their rate of homeownership lags behind previous generations.

 

[rsnippet id="7" name="Global Article Footer"]
Homeowner Assistance Fund Applications Are Now Being Accepted in Many States — Here’s How To Apply

Homeowners who need financial assistance with their mortgages and other housing-related expenses can apply for help via the Homeowner Assistance Fund (HAF), a federal program designed to help households who have fallen behind due to COVID-19.…

Homeowner Assistance Fund Applications Are Now Being Accepted in Many States — Here’s How To Apply

Homeowners who need financial assistance with their mortgages and other housing-related expenses can apply for help via the Homeowner Assistance Fund (HAF), a federal program designed to help households who have fallen behind due to COVID-19.   [rsnippet id="7" name="Global Article Footer"]
December Marks 3rd Straight Month of Growth for Us Builders

Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year. Read the full article on…

December Marks 3rd Straight Month of Growth for Us Builders

Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year.

 

[rsnippet id="7" name="Global Article Footer"]
What Will the 2022 Housing Market Look Like? It Could ‘Come Back Down to Sanity’

The Covid-19 pandemic upended the home-buying process. Historically-low mortgage rates coupled with an inventory shortage created a red hot market with houses selling within hours of being listed, often for well over asking price. Read the…

What Will the 2022 Housing Market Look Like? It Could ‘Come Back Down to Sanity’

The Covid-19 pandemic upended the home-buying process. Historically-low mortgage rates coupled with an inventory shortage created a red hot market with houses selling within hours of being listed, often for well over asking price.

 

[rsnippet id="7" name="Global Article Footer"]
Understanding the Homeowner Assistance Fund (HAF)

On or around August 2, 2021, the Treasury Department issued guidance for the Homeowner Assistance Fund (HAF), pursuant to section 3206 of the American Rescue Plan Act of 2021. Under the Homeowner Assistance Fund, the…

Understanding the Homeowner Assistance Fund (HAF)

On or around August 2, 2021, the Treasury Department issued guidance for the Homeowner Assistance Fund (HAF), pursuant to section 3206 of the American Rescue Plan Act of 2021.

Under the Homeowner Assistance Fund, the Treasury Department will provide financial assistance in an aggregate amount of approximately $9.961 billion. The $9.961 billion will be distributed to the states and run at state level. Some states are using the funds that they have received to run pilot programs. As of today, approximately 18 states have pilot programs up and running.



[rsnippet id="7" name="Global Article Footer"]

Millennials Are Supercharging the Housing Market

Alex and Michelle Angert lived the last years of their 20s without a permanent address. They moved out of a small Manhattan apartment in 2018 to stay in short-term rentals around the U.S. before embarking…

Millennials Are Supercharging the Housing Market

Alex and Michelle Angert lived the last years of their 20s without a permanent address. They moved out of a small Manhattan apartment in 2018 to stay in short-term rentals around the U.S. before embarking on a yearlong honeymoon to travel the world, starting in the Philippines.

When the pandemic cut their travels short last year, Mr. Angert, 31, decided to take a job in public relations in Richmond, Va. He and Mrs. Angert, who is also 31 and works at a healthcare tech company, started house hunting this spring. After losing out on multiple offers, they raised their $400,000 budget. In July, they plunked down $635,000 on a three-bedroom ranch in a tree-filled lot near a Richmond country club.

“I would have had all of these regrets in life if I didn’t travel,” Mr. Angert said. “But it feels like the right time to settle down and put down some roots.”



[rsnippet id="7" name="Global Article Footer"]

Financial Education Is Key To Smoothing The Home-Buying Process For First-Time Buyers

Homeownership is the “American Dream” handed down from generation to generation, and millennials have taken the baton. In its annual homebuyers report, the National Association of Realtors stated millennials (those currently aged 22-40) have been…

Financial Education Is Key To Smoothing The Home-Buying Process For First-Time Buyers

Homeownership is the “American Dream” handed down from generation to generation, and millennials have taken the baton. In its annual homebuyers report, the National Association of Realtors stated millennials (those currently aged 22-40) have been the largest share of homebuyers since its 2014 report. Of homebuyers surveyed, they accounted for 37% of those who bought homes between July 2019 and June 2020.

However, a separate survey of about 2,650 U.S. adults found that 64% of millennial respondents who bought into homeownership regretted their decision. Their biggest regret was not being prepared for home maintenance costs.



[rsnippet id="7" name="Global Article Footer"]

The Housing Affordability Crisis and the Solutions We Need Now

Housing is a basic human need, yet affordable housing is increasingly difficult for Americans to attain. Why is there a shortage of affordable homes? And how we can work together to bring solutions that will…

The Housing Affordability Crisis and the Solutions We Need Now

Making homes affordable and accessible Housing is a basic human need, yet affordable housing is increasingly difficult for Americans to attain. Why is there a shortage of affordable homes? And how we can work together to bring solutions that will make homes affordable and accessible?
How we got here
Two decades of underbuilding and underinvestment in housing[1]—especially the construction of affordable homes—has created an enormous gap between housing supply and demand that will require a national effort to close. There is now between 5 million to 6.8 million housing units missing from the housing inventory[2]. This supply-demand gap has driven a consistent and drastic rise in home prices that puts the dream of homeownership out of reach for many Americans. Without action on the federal level, the shortage of adequate affordable homes will continue to worsen and have a host of negative consequences for homebuyers and communities.
The effects of Covid on housing
The “perfect storm” of increased demand and low supply over the past year has created a competitive housing market. In areas like New York, Boston and the Bay Area, severe supply shortages have skyrocketed home prices leaving millions of low and middle-income families unable to afford centrally located homes. The median price for a single-family home in San Francisco has reached $1.8 million[3]; even with today’s low interest rates, that requires a monthly mortgage payment of roughly $7,500, assuming the family puts down the standard 20 percent. The problem now even extends to rural areas across the country where many families are spending half or more of their income on housing[4].
Americans should be able to afford homes that are close to work and meet their needs. In many regions across the U.S., this is extremely difficult—if not impossible—for homebuyers to find.
The state of housing today
Over the last few months, the hope of returning to normalcy has fueled an increase in consumer spending overall. The housing market has followed suit: low mortgage rates and positive consumer sentiment have sparked a sudden interest in homebuying[5]. Housing prices are skyrocketing because the demand is so great, and the supply is so thin.
Here are some key statistics that illustrate the current state of the housing market:
  • In September, the national average price for a home was $380,000, 8.6% higher than last year and 20.6% higher than 2019[6].
  • The number of homes for sale right now is 22.2% below this time last year. The total number of homes actively available for sale is less than half of what we saw in 2019[7].
Looking ahead
There has been a small increase in new listings this year, which is optimistic for buyers. However, the gap in our nation’s housing supply will take a long-term national effort to close. Traditionally, the federal government’s housing policies have consisted of demand-side interventions like tax incentives for homeowners, which have been slashed in recent years and do little to help reduce the cost of housing. The biggest cause of surging home prices today is the low supply that existed before the pandemic and has been exaggerated by the pandemic. America needs supply-side interventions that will drastically increase the number of affordable homes on the market.
The American Property Owners Alliance supports federal policies that:
  • Incentivize the construction and rehabilitation of homes for low and moderate-income families
  • Offer incentives to convert unused or underutilized commercial properties into residential units
  • Provide funding for state and local government to enact pro-housing policies at the local level
The Alliance’s 10 million advocates will be activating soon to pass federal legislation that can help close the housing supply gap. Sign up to receive alerts when there is an opportunity to take action to help make homes more affordable for Americans. Click here
  [social_warfare] [1] https://cdn.nar.realtor/sites/default/files/documents/Housing-is-Critical-Infrastructure-Social-and-Economic-Benefits-of-Building-More-Housing-6-15-2021.pdf [2] https://cdn.nar.realtor/sites/default/files/documents/Housing-is-Critical-Infrastructure-Social-and-Economic-Benefits-of-Building-More-Housing-6-15-2021.pdf [3] https://www.bayareamarketreports.com/trend/san-francisco-home-prices-market-trends-news [4] https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2019/03/25/rural-america-faces-a-housing-cost-crunch [5] https://www.forbes.com/sites/saibala/2021/04/27/the-covid-19-pandemic-has-fueled-a-crisis-in-the-housing-market/?sh=6ecd0b885928 [6] https://www.realtor.com/research/september-2021-data/ [7] https://www.realtor.com/research/september-2021-data/
To the chagrin of homebuyers, investors swarming in hot housing market

Having a hard time buying a home? You aren’t alone in this crazy housing market where over-bid offers, homes being purchased sight unseen, and cash offers are crushing the chance of the average homebuyer from…

To the chagrin of homebuyers, investors swarming in hot housing market

Having a hard time buying a home? You aren’t alone in this crazy housing market where over-bid offers, homes being purchased sight unseen, and cash offers are crushing the chance of the average homebuyer from getting a sniff at the home they want. But you know who isn’t struggling to buy a home? Investors. According to data from Redfin, investors purchased nearly 68,000 housing units in the second quarter alone – this included single-family homes, multi-family properties, townhouses and condominiums. This was the largest number of investment purchases in one quarter since Redfin started collecting their data in the year 2000. All told, those units cost $48.5 billion, which is also a record total, according to the report. This also isn’t something that was brought about solely by the pandemic and record-low mortgage interest rates. Investors have already been more active in the residential real estate market prior to the COVID-19 outbreak. In the first quarter of 2020, about 16% of all residential sales were made to investors. Soaring home prices have become an opportunity for investors – who are defined as a company or institution purchasing a home, instead of an individual – as the value of homes continues to increase, investors are practically guaranteed a strong return on their investment. According to the report, investors are focusing on single-family homes more than they ever have before, buying them and turning them into rental properties. In the second quarter, 16% of single-family home sales went to investors, also an all-time high. With so many Americans priced out of the homeownership market, investors are taking advantage, buying these homes, converting them to rentals, and turning a profit as housing providers. [rsnippet id="7" name="Global Article Footer"]
Will the Delta variant impact the housing market like its Alpha counterpart?

Looking back, the COVID-19 pandemic had a strange and unexpected impact on the housing market in 2020 when the Alpha strain encompassed the United States. While people were losing jobs, businesses were closing down and…

Will the Delta variant impact the housing market like its Alpha counterpart?