According to a great article in the Star Tribune the June 2011 pending sales are u pin the Minneapolis Area.
Rates are stupid low and combine that with lower home values, this might be the time for you to purchase a home instead of renting. In the article from the Star Tribune tribune it stated that the median price of all closed sales where at $165,000 which puts you around a $1,200 payment per month. This includes taxes and insurance, so this would be your payment! This doesn't take into consideration that you will also get some sort of tax deduction for the interest.
If you think you will be in the market to purchase a home you need to start checking it out now. I have a couple really great links for you to check out.
http://iloanhomemortgage.com/borrowers/home-buyers-timeline-and-process/ - This will give you the time frame for what you should be looking at.
http://www.greatrealestate.com/MapSearch.aspx?ID=C19C8192D1064D1EBE8C61880AF - This will allow you to get your own private protected password website to search for properties on line. See what you can get for $165,000! You will be amazed.
Get-Preapproved-Now - This will allow you to apply online through my website. I can get you pre-approved in less than 10 minutes so you can see what you can purchase.
Other people are seeing the advantages to buying now and I hope you do too. If the June 2011 Pending sales are up in the Minneapolis area, the market might be coming back in Minneapolis and this short window will close.
Ken Graczak - NMLS 184394
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