How Do Interest Rates Affect Your Spending Power in St Cloud?

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

Although the year has just begun, we're already seeing some interesting trends.We're seeing a lot of people make discretionary moves to the kind of property they've been dreaming about and waiting to purchase for the last four to six years. Additionally, we're seeing an uptick in recreational property sales and an increase in homes on acreages. Homes on the water, both the river and the lake, are selling at a higher rate as well. 

Why is this? Well, interest rates are still historically low, making payments as  affordable as they've ever been! With the future of real estate uncertain, as far as interest rates are concerned, many people are acting now while conditions are great. 

Are you interested in upgrading, investing, or buying a second home? Now is the time to do so. If you would like to discuss your options and see whether it's time to make your move, give us a call or shoot us an email. We would love to hear from you!

What Happened in Real Estate in 2014?

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

Happy New Year, and welcome back to our video blog! With another whole year behind us, it's not a bad time to take a look back and recap what we've seen in St. Cloud real estate over the last 12 months.

In a word, the market in 2014 was fantastic. The market vastly improved - in fact, it's the best we've had in eight years. Our sales volume is up substantially in every price category, our $100,000 to $200,000 market being the strongest. Our biggest growth came in the $300,000 to $800,000 price range, which is fantastic news. This indicates that many of the people who were waiting on the sidelines finally saw enough encouraging signs to make a move in the market. 

With 2014 in the books, let's take a look ahead now. As we start 2015, interest rates on 30-year fixed rates are right around 4%. Sales have already started strong, appointments are up, and we're expecting an excellent first and second quarter. If you've been thinking about moving, but are waiting until the economy gets better so you can sell your home quickly (in two to eight weeks!), we have good news: conditions can't get much better! 

If you have any questions about making a move in our area, or what to expect from real estate conditions moving forward, give us a call or shoot us an email. We would love to help you prepare for what's sure to be another stellar year in real estate.

 Until next time, have a fantastic week!