Is this a good time to buy a home in Minneapolis? Here are some factors to consider:
1. We're coming to the end of the tax credit soon. The $8000 government incentive goes a long way to helping out with the pocketbook.
2. With house prices lower than they have been for years, it is a great time to buy a home.
3. Mortgage rates are still hovering around 5%, which is still a historically low rate no matter what people tell you.
Just these factors alone should be enough of a reason to buy a home. If you are sitting on the fence, you should act fast because the free $8000 tax credit is going away at the end of november.
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