Vice President Kamala Harris' proposal to provide $25,000 in down-payment assistance has generated mixed reactions, highlighting a divide between those who see it as beneficial and others who warn it may inflate home prices.
According to a Realtor.com analysis, a $25,000 federal credit could represent a meaningful 10% down payment in various U.S. metro areas, depending on median home prices.
Key swing states for the upcoming election, including several Pennsylvania and Michigan metros, are central to the discussion on home affordability and could influence voter sentiment significantly.
The proposed assistance aims to help first-time buyers, but there are concerns that it might inadvertently escalate housing costs, complicating the very issue it seeks to address.
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