"Biden's Bold Housing Initiatives: Tax Credits, Relief, and Reform"

President Biden has proposed two tax credits to help Americans purchase homes amid soaring home prices and interest rates. The first-time homebuyer tax credit would provide $10,000 over two years, while a separate one-year tax credit of up to $10,000 would be available to current homeowners selling their "starter homes" to move into larger properties. The credits aim to make homebuying more affordable for middle-class families, but their implementation depends on congressional approval, which may be challenging in an election year.