The Twin Cities housing market has been crazy over the past few years. While there have always been periods of ups and downs, buyer’s markets and seller’s markets, yet the frenetic pace and swings has had everyone speculating. Now that interest rates have climbed back to more “normal” levels, those in the market are wondering, “what’s next”?
For anyone interested in buying or selling real estate, it can feel like a guessing game. Is it the right time to sell? Can I get the best price? Should I buy a home this spring or wait until the summer? Will interest rates go up, or down? It can feel overwhelming.
Yet, there are signs that can help consumers make the right decision for themselves. The spring real estate season has started, there are signs that indicate a strong real estate market. New mortgage applications are rising again. Indicating buyers are starting to look at their options, etc.
After a long period of rising home mortgage rates, real estate buyers are locking their rates and are moving forward one step at a time to becoming a homeowner. This is also good news for sellers. With more buyers on in the market, they can expect better activity and higher home prices. The key for both buyers and sellers are to keep their expectations reasonable.
If you’re looking to buy or sell a condo, a townhome, or a single-family home in the Twin Cities, or the surrounding areas, please call, text, or email Shannon at your earliest convenience. Search properties listings @ https://shannonlindstrom.results.net/.
Shannon Lindstrom, Realtor®, AHWD, CRS, GREEN, MILRES, MRP, VCA
RE/MAX Results
Direct: 612-616-9714
Lindstrom_S@msn.com
Shannon@ShannonLindstromRealtor.com
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