Homeownership is all of it. Home is a headquarters. Home is healing. Home is love.
The benefits of homeownership reach every corner of the lives of Minnesotans. Most Minnesotans want to own homes, but there are barriers that unnecessarily limit homeownership opportunities for so many in our state.
This problem is not new, but the housing market today presents unique and growing challenges for those left out of homeownership.
Minnesota’s housing market serves many of us well, and the homes we build in Minnesota are the most energy efficient in the country. However, our housing market does not provide an adequate supply of affordably priced homes. We need to build more of them. Lots more of them.
This lack of affordably priced options is not by design. The housing industry wants to meet the demand for these homes and to grow homeownership opportunities.
Unfortunately, several barriers hold us back from serving the entirety of the housing market.
One of the largest barriers to homeownership is a series of outdated rules and requirements that unnecessarily limit the construction of affordably priced homes.
Many rules, like local government zoning, were created to protect resources and consumers. However, over the years these rules have grown to work against our shared value of homeownership opportunity for all.
Modernizing these rules and protections to make them work in support of homeownership opportunities is a challenge, but it can be accomplished!
The Parade of Homes has a proud history presenting the premier homeownership event in Minnesota. We have welcomed Minnesotans to celebrate homeownership for decades and watched our region grow.
Today we find ourselves in a moment of critical importance as we think about those left out of our housing market. This moment calls us to prioritize the cause of homeownership and to inspire Minnesotans to take action.
Prepared and paid for by the Housing First Network.
The Federal Reserve announced this week they would make cuts to interest rate levels for the first time since March 2020. It marks a major turning point for homebuyers, particularly, after nearly two years of high mortgage rates and a significant slowdown in housing market activity.
If you're in the market to buy a home or looking to refinance, this rate cut could be the opportunity you've been waiting for.
A house has become so much more this year. It is a sanctuary, a safe place, a salon, a school, a chef's domain, and more. Owning a home builds self-esteem, wealth, and even communities. A house is a place where life happens with all the messy beauty and real love that goes with it. We need to build more houses so more people can benefit, because homeownership is all of it, but it is not attainable for everyone.
The Parade of Homes has a proud legacy of providing homeownership opportunities in our state. In our continued commitment to expanding the opportunity for homeownership for everyone, everywhere in our state, we’re pleased to launch the Parade of Homes First-Time Homebuyer $10K Giveaway!
