Honest Realtor Blog in the Twin Cities

This question has been coming up more and more often. I can tell you my professional opinion is this...

If you are thinking of a buying a home, DO IT! Interest rates are low and prices are low. The biggest problem with waiting is how much money it could cost you. We are already seeing some trends in the Minneapolis/St. Paul area that the prices have stopped dropping and even started rebounding. If you consider that, along with the fact that interest rates can't stay this low forever, waiting could cost you hundreds of dollars per month added to your payment. We are also seeing houses selling faster, some of this is because of the time of year. I personally think most of it is because of the finance rates. You can just afford more house, right now, than you could afford 18 months ago.

As always. If you have any questions please email, text or call me. You can find my contact information at www.mntrealestate.com