Here we are. If you had your ear to the Twin Cities Real Estate Market in 2006 you most likely learned about dooms day scenerio’s: Houses aren’t selling with the gusto of 2003-2005, Home Values were Rolling Back, Increased Foreclosure rates, etc.

But let’s look at what the market really was: 2006 was the 3rd best year in the history of Real Estate recorded since 1941. 2006, nationwide, also produced the 3rd most number of annual home transactions.

So, what do we have in 2007? We have among the lowest interest rates our country has ever seen. Rates are phenomenal! Did you know that in November 2006 we saw the lowest rates since October 2005? In fact, we are on the cusp, of seeing the lowest rates in 30 years…but that doesn’t sell news papers. RATES ARE STILL LOW.

Where is the Twin Cities Real Estate Market right now, the first quarter of 2007? Well, for every 11 homes on the market, there is one buyer. What am I saying? If you are looking to buy a home right now in the Twin Cities, you can look at 11 homes, make an aggressive offer, and have it accepted on your terms, not the sellers! Best of all, statistically speaking, you won’t have any competition.

Wrapping up. This is the best time, historically, to buy a home in the Twin Cities. Historically Rates are of the lowest our country has seen. Home Values have backed off allowing you to get more home for less $$. Best of all, there is minimal competition from other buyers, you get the home you want on your terms. All this being said. If you want to buy a home in the 1st quarter of 2007, give me a call on my cell phone: 612-518-5774. I’ll get you Pre-Approved for a mortgage, freeing you to find a house that you would love to call home.

This entry was posted on Tuesday, January 2nd, 2007 at 9:56 am and is filed under Web. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.