Estudios Técnicos reports worsening affordability, which drops to 57% in some regions. #NewsismyBusiness
Puerto Rico could see decreased funding from agencies like FEMA and HUD. #NewsismyBusiness
Recent debt data for Puerto Rico indicates that local consumers are likely to take on additional debt this holiday season. #NewsismyBusiness
High interest rates and an increase in the cost of homes are compounding the problem. #NewsismyBusiness
An Estudios Técnicos report indicates that the island needs to establish a self-sustaining economic development plan to reduce its dependency, despite the funds’ contribution to stability post-Hurricane Maria and during the pandemic. #NewsismyBusiness
Energy costs, persisting worker shortage and Puerto Rico’s tax load are the three main concerns.
The Index’ most recent result shows that a typical family has only 54% of the income needed to qualify for a home loan, assuming a down payment of 20%.
The tool gathers data from 42 hospitals.
Inflation, home price increases have affected a typical family's ability to get a mortgage.
The disparity in income is even greater when people's educational level increases, the analysis shows.
When President Biden signed American Rescue Plan Act (H.R. 1319), expectations were created in many in the United States and Puerto Rico that economic conditions will improve. In a preliminary assessment, economic analysis firm Estudios Técnicos Inc. estimated that Puerto Rico will receive an amount close to $10 billion in funds from H.R. 1319. A […]
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