There are many great Minneapolis area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call me at (952) 303-4347 for a FREE home
buying or selling consultation to answer any of your real estate
questions.
1. Interest rates are still low
They are currently sitting near historic lows, at around 3.5%-4%. If you want to find out what the rates are today or want to get pre-qualified, we can get you together with a great lender to help you out.
2. Interest rates will go up
We don't know exactly when, or by how much, but experts are forecasting that sometime in late 2015 or early 2016, interest rates will go back up, by at least a percent. When these rates go up, you aren't able to afford as much home if you are a buyer, and the buyer market is narrowed for sellers, who will find it harder to sell their homes.
3. Prices are recovering slowly
There is no reason to wait around and try to get a higher price for your home. Now is the time to buy because you are still buying at a great cost.
4. More opportunities to purchase
There are more homes coming on the market now, and for sellers, that means more buyers out there looking for homes. This also means buyers will have more to choose from as homes continue to come on the market.
5. Improving economy
On the whole, our economy is getting better, which is always good for market activity.
If you have any questions, or need real estate assistance of any kind, feel free to give us a call or send us an email. We'd be happy to speak with you and look forward to your call.
