Housing

Labour Plans Mortgage Guarantees to Help First-Time Buyers

(Bloomberg) — Keir Starmer’s Labour Party plans to provide mortgage guarantees to first-time buyers in a bid to help young Britons get onto the housing ladder if it wins next month’s general election. Most Read from Bloomberg Under Labour’s proposals, the state will act as a guarantor for prospective owners unable to save for a large deposit, making permanent an …

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Boomers, millennials locked in ‘showdown’ over housing: Fortune

street view of high income single-family home neighborhood As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination …

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D.C., Chicago are top YIMBY cities for housing development

San Francisco-based Pacaso, a tech-centric real estate marketplace, released a report Monday unveiling the top U.S. metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the cost of living for homeowners …

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