Buyers Your Time Has Come

Dated: 11/14/2017

Views: 103

Home Buyer Piggy Bank

Buyers: Your Time Has Come!

Many buyers have been frustrated this year by not finding the home they want. Many have just given up. Well, do I have NEWS for you! The Minneapolis Area Association of Realtors reports that last week, the New Listings for the week of 10/21 increased more than 10% over the same week one year ago. Pending Sales dropped by more than 4% for the same week over one year ago. If this continues, we are bound to see an increase in inventory soon! 

This updates mean that there will be more to choose from and possibly find your perfect home. Also, because sales normally do go down this time of year, sellers could be more open to a reasonable offer. A check of interest rates yesterday show a rate of 4% still.  All in all, it makes sense that buyers should get back in the saddle and start looking. 

For more information on how this might affect your buying power, give me a call or shoot me an email. Thanks for reading.

Blog author image

Dave and Ann Feerhusen

"When Time and Money Matter, So Do Knowledge and Experience!" I am very fortunate, along with my partner and wife, Ann, to have spent my career of 30+ years helping people successfully market their....

Latest Blog Posts

Why You Need an Agent When Buying a New Construction Home

Hire an Agent When Building a HouseMany homebuyers think they don't need to hire an agent when building a new home. After all, you're buying directly from the builder and they already have

Read More

Types of Home Inspections a Buyer or Owner Might Need

5 Types of Home Inspections to KnowMost buyers and sellers know that a home inspection is an essential part of the purchase process. But in real estate, there's more than just one type of inspection

Read More

Home Maintenance Tasks That Are Easily Forgotten

Your Checklist of Crucial Home To-Do'sHere are some essential home maintenance tasks that are often overlooked.Cleaning the gutters and weeding the garden are tasks that come with regular, visible

Read More

4 Remodeling Projects Worth the Investment

4 Home Improvements with High ReturnsRemodeling your home can be a great way to increase its value and ensure you get good returns when it comes time to sell. But before you go tearing out your

Read More