Twin Cities Habitat for Humanity CEO Chris Coleman and other CDFI leaders recently met with Secretary of Treasury Janet Yellen and Sen. Amy Klobuchar for a roundtable discussion at the Neighborhood Development Center to discuss opportunities to support Minnesota CDFIs. Partnering with CDFIs is crucial to Habitat's ability to offer affordable mortgage products to our homebuyers. #AffordableHousing
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Affordability is driving #housing market dynamics. At the start of 2022, East TN homebuyers needed an annual income of ~$59k to qualify for a mortgage on the median-priced home – but that number has since ballooned to more than $110k as of August 2023. With interest rates elevated and house prices holding steady, a sizable share of households cannot even afford a lateral move – much less an upgrade.
Valuable information for real estate agents.
Affordability is driving #housing market dynamics. At the start of 2022, East TN homebuyers needed an annual income of ~$59k to qualify for a mortgage on the median-priced home – but that number has since ballooned to more than $110k as of August 2023. With interest rates elevated and house prices holding steady, a sizable share of households cannot even afford a lateral move – much less an upgrade.
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🏠📈 Exciting news from the Mortgage Bankers Association's Weekly Survey! Applications surged in late January, signaling a booming demand from homebuyers! 💥 Despite a slight interest rate bump, the rise in applications suggests a growing interest in homeownership. 📈🏡 With more loan applications pouring in, we're witnessing a dynamic shift in the housing market's demand. 🌟 Let's ride this wave of enthusiasm together! 🏄♂️💼 . #HomebuyingBoom #MortgageTrends #MarketUpdate #HousingDemand #RealEstateTrends #TimeToBuy
🏠📈 Exciting news from the Mortgage Bankers Association's Weekly Survey! Applications surged in late January, signaling a booming demand from homebuyers! 💥 Despite a slight interest rate bump, the rise in applications suggests a growing interest in homeownership. 📈🏡 With more loan applications pouring in, we're witnessing a dynamic shift in the housing market's demand. 🌟 Let's ride this wave of enthusiasm together! 🏄♂️💼 . #HomebuyingBoom #MortgageTrends #MarketUpdate #HousingDemand #RealEstateTrends #TimeToBuy 📊
📣 Exciting News for FHA Homebuyers! 🏡 HUD's new guidelines now offer increased flexibility for verifying gift funds, and BankSouth Mortgage is rolling out these changes ahead of the August effective date. This makes it simpler for you to receive financial support from family and friends. Let's talk about how these updates can help you achieve your homeownership dreams. Reach out today! #BankSouthMortgage #YourLocalLender #HUD #FHA #FHALoans #FHAGuidelines #GiftFunds #Homeownership
🏠📈 Exciting news from the Mortgage Bankers Association's Weekly Survey! Applications surged in late January, signaling a booming demand from homebuyers! 💥 Despite a slight interest rate bump, the rise in applications suggests a growing interest in homeownership. 📈🏡 With more loan applications pouring in, we're witnessing a dynamic shift in the housing market's demand. 🌟 Let's ride this wave of enthusiasm together! 🏄♂️💼 . #HomebuyingBoom #MortgageTrends #MarketUpdate #HousingDemand #RealEstateTrends #TimeToBuy
Fla. in Top 5 for Homebuyers with PMI Contact me to discuss the latest scoop in real estate! #paradiseluxurygroup #MarcoIslandFloridaRealEstate #BonitaSpringsFloridaRealEstate #BonitaBeachFloridaRealEstate #EsteroFloridaRealEstate #FortMyersFloridaRealEstate #floridarealestate
📣 Exciting News for FHA Homebuyers! 🏡 HUD's new guidelines now offer increased flexibility for verifying gift funds, and BankSouth Mortgage is rolling out these changes ahead of the August effective date. This makes it simpler for you to receive financial support from family and friends. Let's talk about how these updates can help you achieve your homeownership dreams. Reach out today! #BankSouthMortgage #YourLocalLender #HUD #FHA #FHALoans #FHAGuidelines #GiftFunds #Homeownership
Are you struggling to pay your mortgage? We want to hear from you The recent federal budget had a slew of new spending programs aimed at making housing more affordable, but many of them are unlikely to pay dividends in the short term and have faced criticism in other ways. Among the new changes is a move to offer first-time homebuyers a 30-year amortization period for newly built homes. That new rule comes as a new survey from CIBC shows the majority of Canadians feel home ownership is out of reach. What do you think?
📣 Exciting News for FHA Homebuyers! 🏡 HUD's new guidelines now offer increased flexibility for verifying gift funds, and BankSouth Mortgage is rolling out these changes ahead of the August effective date. This makes it simpler for you to receive financial support from family and friends. Let's talk about how these updates can help you achieve your homeownership dreams. Reach out today! #BankSouthMortgage #YourLocalLender #HUD #FHA #FHALoans #FHAGuidelines #GiftFunds #Homeownership
A Brush With Kindness Program Manager at Twin Cities Habitat for Humanity
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