Twin Cities Real Estate

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Friday, September 21, 2007

DEALS

The market continues at a sluggish pace--I doubt we'll see a return to robust appreciation, 2-4% per year maybe but not more for at least a couple years.


With the cuts to the interest rates that the feds have made this week, 30 year fixed rate loans are at 6% or even lower. Add to that, investors and builders are still trying to unload home inventory so prices are at rock bottom.

Could the buying climate get any better? Perhaps. But, if you try and time the market, you'll likely miss the peak or the valley--they just don't last very long. If you're a first time buyer without a home to sell or a move-up buyer, there are lots of deals.

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