Stretched Housing Affordability amid Economic Shifts
January 17, 2024
In this edition of Above the Line, we look at the most pressing real estate, and tax developments of the week. From the challenging landscape of housing affordability to significant fiscal policy shifts and the booming market in renewable energy tax credits.
Let's dive in.
Stretched Housing Affordability Amid Rising Rates
The International Monetary Fund
The IMF sheds light on how increasing interest rates globally are making home ownership more challenging, signaling significant implications for both the real estate market and prospective buyers.
Bipartisan Push for $78 Billion Tax Credit Extension
Yahoo Finance
The deal, a result of rare bipartisan cooperation, aims to stimulate economic growth by enhancing tax breaks for businesses and low-income families, particularly through extended child and housing tax credits. The deal's enactment faces uncertainty due to existing fiscal divisions in Congress, underscoring the complexities of legislative processes in a politically divided landscape.
Surge in U.S. Energy Tax Credit Trading
Reuters
Reuters reports on the remarkable growth in the U.S. renewable energy tax credit market, now valued up to $9 billion, illustrating the increasing momentum behind clean energy derivative assets.