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Rebuild Philadelphia Introduces New Training Program

Pro Builder

Rebuild Philadelphia Introduces New Training Program ldeakins Fri, 03/31/2023 - 10:09 Rebuild Philadelphia has added a new Carpentry Academy to its Workforce Development program that seeks to bridge the construction equity gap Rebuild Philadelphia has recently implemented a Carpentry Academy as a stem of the Workforce Development program.

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Out-Of-Town Buyers Are Flocking to Philadelphia With Big Budgets, and Locals Can’t Keep Up

Pro Builder

Out-Of-Town Buyers Are Flocking to Philadelphia With Big Budgets, and Locals Can’t Keep Up. Buyers are relocating to Philadelphia from coastal job centers and spending 40% more on homes than locals. The typical Philadelphia home sold for just $300,000 in June, less than half of New York’s $705,000 median sale price.

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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. Buying is more affordable than renting in the following areas with a population of 1 million or more: Houston, San Antonio, Detroit, Philadelphia and Tampa. Thu, 01/27/2022 - 10:20.

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Forbearance Exits Expected to Add Inventory

Pro Builder

The intense housing market and strong equity growth will offer these homeowners more options than those in 2008 who were pushed into involuntary foreclosure, says Zillow. San Antonio; Fort Worth, Texas; and Philadelphia. September and October of this year is expected to be big for forbearance exits, and Zillow expects an additional 0.40

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 Now, with home values up, there remains 2.25 million at the end of 2019. Read More. .

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Top 10 Ivory Innovations Finalists for the 2023 Housing Affordability Prize

Pro Builder

RenoFi Philadelphia, Pennsylvania | Finance Category RenoFi.com is the first one-stop-shop marketplace for financing a home renovation. Their homes require down payments of $10-$30k, creating opportunities for low-wealth and BIPOC families that have generationally rented to enter into homeownership.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

In the Finance category, finalists include organizations focused on construction financing, shared-equity models, and renter programs that support increased savings and equity. RenoFi | Philadelphia, Pennsylvania RenoFi.com is the first one-stop-shop marketplace for financing a home renovation.