I'm sure you've heard the news reporters talk about how bad the real estate market is, and how prices have dropped. 

Well, it is true that prices have dropped, and Mora is no exception. 

Prices in Mora (like everywhere else) had been inflated for quite a while.  Now, with the adjusting market, more properties have settled into the correct price, which is great to see.

Right now is the perfect time for anyone to buy a home.  If it is your first home, you can get started in a decent house with a smaller payment, and earn equity as the market begins to rebound.  If you are interested in investing, now is a great time to purchase and sit on a property, while prices are low. 

The foreclosures help the situation, too.  Although they bring down the price of homes that are still privately owned, they have helped settle the market in our area.  They also give people some opportunities that they may not have had in homeownership.  Cheaper payments, more flexibility, and safe mortgages and lenders.

There are so many great programs to help people interested in buying homes, too.  FHA has revamped what they offer a little, still offering lower interest rates and more financing.  There are other programs such as Minnesota House and My Community that offer reduced payments, lower rates, and 100% financing.

With all the options available to homebuyers today, it is a great time to consider buying a house in Mora.  There is no cost or obligation if you are interested in looking at some houses, and I would be happy to explain everything to you about the process!

For more information on Mora Minnesota real estate, contact me, Joslyn Panka, either by phone or e-mail!    I would be happy to help you find the home of your dreams.

Thinking of selling your Minnesota home?  E-mail me, and I will send you a list of all the services I offer to my clients, absolutely free!