The 43 percent DTI is a standard set by the Consumer Financial Protection Bureau (CFPB) for qualified mortgages but does not apply to FHA or, under a temporary exception which expires in 2021, to GSE.
In addition to affordable housing, high-quality senior housing is another aspect of multifamily that’s growing in demand. Woo noted that demographics support the sector , as the overall population is aging and older people want a better quality of life.
Housing contribution to GDP below historical watermark The strong economy and tight jobs market has led many analysts to question the need for the $1.5 trillion tax cut package. “We’ve never seen a Congress in history serve up tax. Retail sales, labor.
“While demand for housing remains as strong as ever. It hit 4.49 percent in September, the highest since July 2011, according to mortgage lender Freddie Mac. But rates have been retreating as.