Builders are creating online educational programs to help potential buyers clean up their credit and obtain loans.
"'It becomes a win-win,' said Dan Klinger, president of K. Hovnanian American Mortgage, which doesn't charge potential buyers to work with Debt Resource USA. 'We get to sell one of our homes, and the customer gets to clean up his credit and learn good, fiscal responsibility at the same time.'"
"Though no one expects the programs to significantly increase sales -- Hovnanian reports just 51 graduates in the last 18 months -- every sale counts for builders as they see earnings plummet, orders tank and cancellations rise as the worst housing correction in decades shows few signs of letting up."
"The programs address everything from debt to income ratios to why opening a store-branded card at the cash register might not be a good deal. They also teach students about budgeting -- not spending a fortune on furniture for the new house or forgoing that daily latte to build up a safety net should a pipe break or the homeowner get laid off."
Read the full story: Builders Help Buyers to Help Themselves
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Not in my parking spot: LA renters oppose ADU development in their garages
Some tenants advocates say taking away residents’ parking spaces harms senior citizens and people with disabilities who rely on their cars to navigate the city.
NITA’s first budget outlines $5 billion operating plan
The plan also proposes a $9.73 billion capital program for 2027 through 2031.
In Texas, data centers are swallowing promised parkland
Residents who moved to Taylor, Texas for a rural community now have to contend with three data centers in their backyard.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority