Top 3 Reasons To Buy a Home in 2012
MN Real Estate Market Insights for 2012
There are many reasons to take action in the market this year, but following are some of the best reasons to make your move if your goal is to change your current housing situation.
1. Insanely Low Interest Rates- Most Realtors in MN that have been around for any length of time realize these rates are a once in a lifetime opportunity. Its just not possible to sustain rates like this once the economy recovers and inflation becomes a legitimate threat again.
2. Most Markets Are Stabilizing- If you look at the data from most housing markets across the country you will see many that are experiencing slight price increases and many more that have by all appearances found the bottom and are not going lower.
3. Positive Momentum- The National Association of Realtors as well as the Minnesota Realtors Association are reporting faster selling times and lower inventories across nearly every price range. This momentum will fuel more market activity as buyers rush to take advantage of this historic market following a market wide price correction from 20-40% and rates that have not been seen for the better part of the last 100 years.