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Showing posts with the label housingmarket

Biden’s Plan to Upgrade Energy Efficiency and Weatherize Homes

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The newly elected Biden-Harris administration plans to focus on energy-efficient homes to achieve a 100 percent clean energy economy with net-zero emissions by 2050. Joe Biden is well aware that smarter energy use is cheap, fast, and a strong defense against the climate crisis. Through this plan, the administration can substantially improve the American lifestyle and make it easier to handle the pandemic, high energy bills, and poor housing conditions.  The President of the United States plans on improving homes in several ways, such as zoning changes to rehabilitating housing in distressed neighborhoods. The new administration plans on boosting the energy efficiency of homes and hopes to reduce energy costs building off of the weatherization assistance efforts of the Department of Energy. They aim to reduce the consumption of energy and improve performance in lower-income households.  What is Weatherization and How Does it Work  Weatherization has been the nation's most...

Evo Haven: The Solution to the Housing Crisis

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The past year has been quite turbulent for the housing market, with the pandemic being one of the biggest contributing factors. However, the real estate market was quick to bounce back and saw a recovery in 2021. Moving forward, in 2021, we can see the real estate market go through surging prices, scarce inventories, and excessive new home construction, which leads us to question whether there is another housing crisis on the cards. To get a clearer view of the housing crisis, let’s dig into some factors that work to solve this problem.  depositphotos.com Higher Lending Standards  Many of the country’s largest banks and mortgage companies were taken down by loose mortgage lending practices. It caused Congress and federal regulators to adjust how mortgage lending is controlled. Getting a mortgage has become more transparent as not just everyone can get the loans now. Those looking to get loans will have to go through severe income and assets evaluation. Those who do not conform...