It definitely seems that in real estate this year.The year started out so promising with mortgage interest rates dipping below 6% and inventories of housing on a slow but steady increase.
How is the market?
Dated: June 14 2025
Views: 100
After many years in the real estate industry, that is the question I am most commonly asked. Overall, it is doing well, although many indicators point to a leveling off. Annie and I had one of our best years in 2024. It is still a seller’s market but much of the data indicates a slow move towards balance.
Regardless, it is still much better to own a home than to rent one unless you choose to live in a tent! Let’s take the average home in the Twin Cities which is selling at just less than $400,000 at today’s interest rate of 6.5%. The principal and interest monthly will run $2528 on a 30 year loan. Many economists believe that rates will be at 6% by the end of the year. That will save you $350.00 a month or $4000 a year. But guess what, the benefits of owning over renting will save you almost $18,000 (again unless you live in a tent). So while you are waiting for rates to go down you lose $14,000 a year!! Now at this point, I want to make it clear I am not a tax accountant or advisor.
The financial benefits of owning a home are undeniable, but so are the emotional benefits of owning and the pride of home ownership. You are more stable and you make the decisions about the property as compared to someone else (your landlord) making them. I invite you to take a look at my website, mnhomesbydave.com for more great information on real estate and to see all the homes on the market in the Twin Cities and inventory is increasing every day. Or give me a call. I would love to hear from you. Thanks,
Dave and Ann Feerhusen
"Experience you can trust!" I am very fortunate, along with my partner and wife, Ann, to have spent my career of 41+ years helping people successfully market their homes in the Twin Cities. We have ha....
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© 2026 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then REMAX Advantage Plus - Orono are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
