Reported about 1 month ago
Redfin's CEO Glenn Kelman expressed support for Kamala Harris's proposal of a $25,000 down payment tax credit for first-time homebuyers, particularly because it is linked to an initiative to increase housing supply. However, he emphasized a stronger need for discussion on altering federal lending standards, which he believes are currently hindering the availability of affordable homes and encouraging builders to focus on high-end developments. Kelman argues that adjusting lending standards could significantly boost the supply of affordable housing.
Source: YAHOO