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May 29—CHEYENNE — Some cities and counties across Wyoming have already begun tackling the issue of affordable housing in their areas, and lawmakers are working to figure out how state ...
Nov. 17—CHEYENNE — The national housing crisis leaves the country short of at least 4 million housing units, and the gap between supply and demand continues to increase. Cheyenne is not immune ...
Mar. 14—CHEYENNE — The Wyoming Community Development Authority released a statewide housing needs assessment at the beginning of the month. It is not the first to find that there is a housing ...
CHEYENNE – A bill that incentivizes affordable housing development in local communities is headed for the 2025 general session. Tax increment financing (TIF) is a financial assistance program ...
Fall: Booming housing market halts abruptly; from the fourth quarter of 2005 to the first quarter of 2006, median prices nationwide dropped off 3.3 percent. [49] Year-end: A total of 846,982 properties were in some stage of foreclosure in 2005. [50] 2006: Continued market slowdown. Prices are flat, home sales fall, resulting in inventory buildup.
Greg McBride, CFA, Bankrate’s chief financial analyst, thinks the 30-year fixed will remain the dominant mortgage product. “A fixed-rate mortgage provides the certainty borrowers want,” he says.
HUD ratcheted up Fannie Mae and Freddie Mac affordable-housing goals for next four years, from 50 percent to 56 percent, stating they lagged behind the private market; they purchased $175 billion in 2004—44 percent of the market; from 2004 to 2006, they purchased $434 billion in securities backed by subprime loans [39]
[71] Between 2000 and 2003, the interest rate on 30-year fixed-rate mortgages fell 2.5 percentage points (from 8% to all-time historical low of about 5.5%). The interest rate on one-year adjustable rate mortgages (1/1 ARMs) fell 3 percentage points (from about 7% to about 4%).