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Baxter - Gull Lake - Greater St. Cloud Area

St. Cloud Spring Real Estate Market Update



News is good across the board in the St. Cloud market as we head into spring.

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There's good news all over the St. Cloud real estate market as we head into spring.

As of right now, there are 717 homes on the market, which is great for anyone looking to buy a home because it's up substantially from the 650 we had just a couple weeks ago. If you're selling your home, it's a less competitive market and it's a good year to be a seller again.

As of the first week of March, we had 286 home sales waiting to close that went under contract in the last 60 to 90 days. At this time of the year, that's a really good start. I think it's due to the great mortgage interest rates and the warm weather we've had lately. The spring market started early.

It's a really good time to be in the market either as a buyer or a seller.


It's a really good time to be in the market either as a buyer or a seller. If you'd like any additional information, give us a call or send us an email. We look forward to helping you in this great market.

The Latest News on Interest Rates and Down Payments



If you’re worried about rising interest rates or having to put down 20% to purchase a home, I have some great news for you.

Looking to buy in St. Cloud?  Get a full home search
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Do you have to put 20% down in order to purchase a home? How much will rising interest rates affect the market? I get those two questions quite often, and I have some great news! 

First, 30-year fixed loans are still at a 4% interest rate, which is still very attractive.



A 4% interest rate is still very attractive.



Second, we have conventional financing with 20% down or more. However, we have a number of programs that require a substantially smaller down payment. FHA loans are about 3.5% down, rural development loans are 0% down, VA loans are 0% down, and regular conventional loans can be anywhere from 3% down to 15% down depending on what you qualify for. 

There are a number of ways you can get into a home, and if you have any questions, please feel free to give me a call. I’m always happy to help!