The Biden administration said Wednesday it is awarding $85 million to 21 state and local governments to help them address barriers to developing more affordable housing.
A housing development in Middlesex, Pa., is shown on March 29, 2024. On Friday, June 21, 2024, the National Association of Realtors reports on existing home sales for May.
“The investment is part of a larger strategy to lower rents and help more Americans buy a home,” Vice President Kamala Harris told reporters Wednesday during a conference call. A National Association of Realtors study released last week revealed that homeownership has moved even further out of reach for most Americans as home prices reached record levels last month. It has become a key issue among younger voters.
Home prices jumped roughly 6% between May 2023 and May 2024, while sales declined about 3% during the same period. At the same time, the number of unsold homes grew 6.7% between April 2024 and May 2024, which is the equivalent of nearly four months of inventory.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden rakes in $85M in May donations – well short of Trump’s $141M fundraising haul Fox News senior White House correspondent Jacqui Heinrich takes a look inside Fox News' latest survey on the presidential race and key issues on 'Special Report.'
Read more »
Live updates: Hallie Biden, Beau Biden’s widow, completes testimony in Hunter Biden gun trialHunter Biden faces three felony charges related to a gun he purchased in 2018. His trial began Monday in Delaware.
Read more »
Live updates: Hallie Biden, Beau Biden’s widow, describes Hunter Biden’s drug useHunter Biden faces three felony charges related to a gun he purchased in 2018. His trial began Monday in Delaware.
Read more »
Hunter Biden gun trial: Beau Biden's widow Hallie Biden testifies about crack useThe Hunter Biden trial comes after former President Donald Trump was found guilty on 34 felony counts of falsifying business records.
Read more »
Hunter Biden gun trial: Beau Biden's widow Hallie Biden testifies about crack useThe Hunter Biden trial comes after former President Donald Trump was found guilty on 34 felony counts of falsifying business records.
Read more »
Hunter Biden trial live updates: Hallie Biden testifies about drug addictions that rocked the Biden familyThis is additional taxonomy that helps us with analytics
Read more »