Winter Is Coming; What it Means for Real Estate

#mortgage #realestate

In this episode, Scott and Justus address the local Twin Cities market by reviewing data over the past week and past couple of months along with the NEW increased conforming loan limits for 2022. Justus' topic of the day is about gift funds while Scott discusses the new Omicron virus and how that could affect the market. Then, Scott and Justus talk about how winter can affect home buying in Minnesota and why it might not be a bad idea to keep your eyes open for a good deal on a property during the offseason of the home buying market.

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00:00 - Intro Video
00:15 - Start of Episode
00:46 - Twin Cities Local Market Update
10:15 - 2022 Fannie & Freddie Conforming Loan Limit Increases Conversation
11:32 - 2022 Fannie & Freddie Conforming Loan Limit Increases Chart
11:51 - 2016-2022 Fannie & Freddie Conforming Loan Limit Increases Chart
14:03 - Gift Money Information on how to handle it for mortgage underwriting
15:56 - Omicron Coronavirus and Real Estate
19:01 - Winter is coming; What does it mean for Real Estate?

📒 Show Notes and Resources 📒

Justus Foss
Mortgage Loan Officer - Finance With Foss
NMLS #1588344

Have a mortgage question about something not covered in this video or specifically about the video today? Reach out, I'd love to help answer it.

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