Biden’s Housing Affordability Plan: Tax Breaks for First-Time Buyers & ‘Starter Home’ Sellers

New Perks for Buyers and Sellers—Home Sweet Home Just Got Sweeter!                                                                                                                                                                                                                                                                                                                                                                                                                 July 02, 2024 | [Read Online]( [🎬 Watch and Learn]( Hey there, Future Homeowners and Savvy Sellers! President Biden just dropped some major housing news, and it’s got everyone buzzing. Let’s dive into the details of his new housing affordability plan and see what it means for you. INCENTIVES Biden’s Housing Affordability Plan: Tax Breaks for First-Time Buyers & ‘Starter Home’ Sellers [2-minute read]( Key Points: - $10,000 tax credit for first-time homebuyers spread over two years. - One-time $10,000 tax credit for sellers of “starter homes.” - Measures aimed at boosting housing affordability amid high costs and low supply. Deep Dive: President Biden’s new plan includes juicy tax credits to tackle the affordable housing crisis. First-time homebuyers get a two-year “mortgage relief credit” totaling $10,000. Sellers of “starter homes” can snag a one-time $10,000 credit to help boost the housing supply. While mortgage rates and prices have been climbing, these incentives aim to make buying and selling homes a bit more manageable. Why it Matters: These tax breaks could be game-changers for both buyers struggling with high costs and sellers looking to move up. With the average household spending over 41% of their income on home purchases, this plan might just be the push needed to ease the burden and balance the market. Curious about how these tax credits can impact you? Click [HERE]([Â](for the full scoop and get all the details! Happy house hunting and selling, everyone! 🏡 Best regards, The New Wealth Daily Team P.S. Don’t miss out on the latest housing trends—[Subscribe](now and stay in the know! MUST-WATCH [[Trump SURGES Ahead of Biden in Shock - New Poll! What it Means for 2024](Â]( [[Say Goodbye to Your Passport Singapore's Futuristic Travel Revolution](Â]( [tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 NEW WEALTH DAILY 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv]( [Terms of Service](