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!