Housing agency changes income rules for mortgage - 2004-03-07
The Vermont Housing Finance Agency has bumped up the income and purchase price limits for its low-interest mortgage programs.

The new limits vary by county, but the maximum eligible purchase price for existing homes rose by about 30 percent in most cases. Income limits increased from 3 percent to 7 percent.

Executive Director Sarah Carpenter said the cost of home ownership has been increasing in Vermont, and the new limits would allow more people to apply for the loans.
Read the full story at Boston Globe

Expensive homes: Who lives there, anyway? - 2004-03-07
If you're wondering who's acquiring the expensive homes in Leon County these days, Darrel Harvey says he has the answer: It's people like him.

Those in the housing industry offer a variety of possible reasons for the increase. They include higher incomes among the wealthy, rising values of existing homes, falling mortgage rates and rising construction costs, including for land.
Read the full story at Tallahassee Democrat