When Will Twin Cities Real Estate Market Hit Bottom?
Trying to time any market is tough, especially real estate, because of so many variables in neighborhoods, price ranges, etc...
I am sensing some activity in our local market that leads me to believe the market bottom is here, or very near. I believe that the near historical lows in interest rates, along with price cutting by motivated sellers is combining to finally get buyers off of the sidelines.
I personally bought two properties (one personal residence and one investment property) in the last 60 days because I believe they were real values.
If you have been waiting to time this market, don’t wait too much longer, or the great prices, as well as the low interest rates will pass you by!
There is also some rumblings going on by The Fedral Reserve and Economists that inflation is starting to creep up, and that means interest rates will soon go up as well when they attempt to keep that in check, and avoid a stagnant economy along with inflation (stagflation).
If you have been waiting for the "pefect storm" of low prices and low interest rates, it is here right now!
Related Links
Should Buyers wait for market to hit Bottom?
You will only be able to see the bottom in your rear view mirror (It'll be too late!)
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