Primary Residence Buyer Matching Period
A Program To Prioritize Owner-Occupant Home Buyers
link to Primary Residence Buyer Matching Period Instagram Reel
Priced out of the housing market?
You're not alone.
Turns out, half of Americans view affordable housing as a big issue, while investors buy up a growing share of homes.
But are we thinking creatively enough about addressing this situation?
Possibility 231 of 239
Primary Residence Buyer Matching Period. A government policy that gives owner-occupant home buyers a 14 day window to match any existing approved offers from investors or second-home buyers on residential properties. If the owner-occupant matches the offer, they are guaranteed the right to purchase the property over investor or second-home buyers.
Key Aspects Of THE Primary Residence Buyer Matching Period
1
View details on existing approved offers, including buyer type (investment, second home, third home, etc.)
2
Local board will be established to approve all bids, curbing speculation and protecting owner-occupants from price inflation
3
Connect with a certified realtor to match an offer within the time limit
For Future Public Release
Subject: Primary Residence Buyer Matching Period - A Program To Prioritize Owner-Occupant Home Buyers
To Be Released ON: April 3, 2027
HUD Unveils the Primary Residence Buyer Matching Period
WASHINGTON, D.C. - The Department of Housing and Urban Development (HUD), announces today the Primary Residence Buyer Matching Period.
This new policy gives owner-occupant home buyers a 14-day window to match any existing offers from investors or second-home buyers on residential properties. If matched, the owner-occupant buyers will be given priority to purchase. Local boards will also be established to review and approve all bids to curb speculation and protect owner-occupant buyers from being priced out.
"We believe this program will help more families put down roots in their communities and build long-term wealth through homeownership," said the HUD secretary. "By giving owner-occupants priority over investors and second-home buyers, we're ensuring that homes in our communities are lived in, not just owned."
Learn more about how this works on your favorite real-estate marketplace.
Advanced Reader Copy - Subject To Change - Contingent On Future Actions
Possible Claims Related TO THE Primary Residence Buyer Matching Period
Questions About THE Primary Residence Buyer Matching Period
Could this program lead to more affordable housing? Or reduce real estate accumulation? Or perhaps make the housing situation more manageable for the middle class?
(1) “Key facts about housing affordability in the U.S.” Pew Research Center, Washington, D.C. (March 23, 2022) https://pewrsr.ch/3NeCTP2.
(2) “Investors Bought a Quarter of Homes Sold Last Year, Driving Up Rents” Tim Henderson, Stateline (July 22, 2022) https://stateline.org/2022/07/22/investors-bought-a-quarter-of-homes-sold-last-year-driving-up-rents/.
