Category: Real Estate
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U.S. Department of Energy Announces New Tools Making it Easier for Home Contractors to Install Energy Saving Appliances and Lower Costs
By making it easier for households and contractors to know if they qualify for these tax credits, this tool will enable more Americans to access them and to lower their utility bills.
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How Do Power Outages Affect Households?
Approximately 70% or 23.6 million of the households reporting an outage said at least one outage lasted 6 hours or more.
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Weekly Energy Saving Tip: Start small for big savings
Making small changes can add up to big savings over time.
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Dirty air from wildfires casts a cloud over household finances
Since 2018, wildfires have become more frequent and intense. Using the Camp Fire as a natural laboratory, a new working paper examines the effects of both fire and smoke-related air pollution on household credit card spending and repayment.
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Joint Center for Housing Studies Issues State of the Nation’s Housing Report
As rents have continued to rise, the number of renters that are cost burdened — those spending more than 30 percent of income on rent — has reached an all-time high.
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Cost of Rent and Utilities Rose Faster Than Home Values in 2023
The fact that the gross rent share of income did not rise nationally and in most states despite significant increases in rental costs could be due to higher renters’ incomes or to an increase in higher-income households joining the population of renters.
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Changes to Population Distribution and Commuting Patterns Blur the Line Between Rural and Urban–Greater Las Cruces Has Been There
For decades, American families have been moving farther away from city centers in search of lifestyle changes, more space and other amenities.
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Rents, home values depressed in air pollution hotspots
Wildfire smoke pollution may significantly affect housing market activity in locations hundreds or even thousands of miles away from the fires.
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Comment Period Open for Consolidated Annual Performance and Evaluation Report for two HUD Programs
The City of Las Cruces Housing & Neighborhood Services section has prepared a report of the Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME) activities and status of funds for the period of July 1, 2023 to June 30, 2024.
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Rooftop solar + energy storage = a winning pair!
A home energy storage solution, paired with rooftop solar panels, can be a winning combination.
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How the U.S. might outgrow pandemic-era housing (un)affordability problems
The U.S. housing market has experienced remarkable boom-bust cycles since the 1970s.
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City to Host Three Additional Realize Las Cruces Open Houses to Discuss Building Code Updates
The City of Las Cruces is hosting an open house to present a draft of the proposed updates to the Development Code: Realize Las Cruces.
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How Much Money Can I Save With Solar Energy?
Lowering electricity bills is one of the main reasons why consumers may decide to install rooftop solar panels.
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Is rooftop solar worth the price?
Wondering if rooftop solar panels are worth the cost? There are many factors to consider, but if your home is a good candidate, here are some of the potential cost benefits.
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Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics
Curious about the federal tax credit for solar photovoltaics (PV)? The Solar Energy Technologies Office’s (SETO’s) user-friendly informational guide gives an overview of the tax credit that you can claim for PV system costs.
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Mapping Home Price Changes: Two Different Stories About Our Broader Community
The Federal Reserve Bank of New York tracks the year-over-year change in home prices across 1,200 U.S. counties and the nation as a whole. Realtor.com also publishes year-over-year home price changes. The two sets of data tell two very different stories.
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Mortgage Lock‑In Spurs Recent Home Equity Lines of Credit (HELOC) Demand
Mortgage balances, the largest component of U.S. household debt, grew by only $77 billion (0.6 percent) in the second quarter of 2024, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data.
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CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans
Agency issues nationwide consumer advisory on predatory solar lending
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One Development in Colorado Breaks an Affordable Housing Drought
When Academy Place opened in April 2022, it was Broomfield’s first low-income housing tax credit project that was not senior housing in more than 20 years.
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Las Cruces Reads: Housing Stability and Mental Health
Exploring the Link Between Housing Stability and Mental Health, an article reposted from the July 16, 2024, “Fed & Main” newsletter by the Federal Reserve Bank of New York.
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Consumer Financial Protection Bureau Proposes Rules to Help Homeowners Avoid Foreclosure
Proposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve communication with homeowners
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Housing Search Assistance for Non-Elderly People with Disabilities: Final Comprehensive Report
HUD contracted a study to identify barriers that people with disabilities face accessing and using housing assistance — including navigating program eligibility requirements, searching for housing, and coordinating services and supports up to the point of moving into an assisted unit — and successful strategies to address those challenges.
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Consumers Expect Lower Inflation and Slower Home Price Growth Over the Next Year
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2024 Survey of Consumer Expectations, which shows that inflation expectations declined at the short- and longer-term horizons, but increased slightly at the medium-term horizon.
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CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use
New data provides details on appraisals, willingness to move, and disability accommodations.
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Trespassing Remains Prevalent in Most Areas, While Brush Fires and Structure Fires Persist: Property Dispatch Report (Blotter 6/12-6/18)
Our broader community saw owver 7,000 dispatch records created for the week ending June 18, 2024.
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Trespassing Remains Prevalent in Most Areas: Property Dispatch Report (Blotter 6/5-6/11)
Our broader community saw owver 7,000 dispatch records created for the week ending June 11, 2024. Below, please find those responses involving properties–including fire, burglary and trespassing.
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TRESPASSING REPORTED IN ALMOST EVERY NEIGHBORHOOD: Fire and Property Dispatch Report (5/29-6/4)
Follow Las Cruces Digest on Facebook to get weekly updates. Our broader community saw close to 4,000 dispatch responses by public safety officers for the week ending June 4, 2024.
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HUD Increases income limits making more households eligible for help
The U.S. Department of Housing and Urban Development, HUD recently increased the area median income, AMI limits which the County uses to determine eligibility for rent and utilities assistance.
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USDA Celebrates National Homeownership Month
Department Highlights Rich History in Making Homeownership a Reality for People in Rural and Tribal Communities
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FHA Releases New First-Time Homebuyers Webinar for National Homeownership Month
As we celebrate National Homeownership Month in June, FHA remains committed to providing more opportunities for first-time and low- and moderate-income homebuyers — including those in underserved communities — to attain stability and the wealth-building potential of homeownership.
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Pathways to Homeownership through Government Resources
Spring cleaning often begins with decluttering – removing obstacles and creating space for growth. Similarly, government housing assistance programs aim to remove the barriers to housing stability, by ensuring that people have access to safe, decent, and affordable housing options.
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CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs
Rising fees are draining down payments, pushing homeownership out of reach.
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Sneak Peek: Unveiling the Highlights of the 2024 Innovative Housing Showcase
Exhibits at the 2024 Innovative Housing Showcase will feature new housing and building technologies helping make the nation’s housing stock more sustainable, affordable, and resilient.
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SUDAY WELLNESS SPECIAL: May is Asthma Awareness Month
Asthma is a long-term condition that affects breathing for about 25 million people in America.
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New Mexico C-PACE Program launches website, statewide program administrator in place
The Economic Development Department (EDD), in partnership with statewide program administrator Adelante Consulting Inc., has launched a website for the state’s Commercial Property Assessed Clean Energy (C-PACE) Program.
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Sinkhole in Las Cruces Damages Vehicles, Displaces Homeowners
A large sinkhole in the front yard of a Las Cruces residence swallowed two vehicles and forced the temporary evacuation of occupants from three homes Monday evening.