...so goes the old saying. The opportunity that currently exists for first time home buyers is nearly unprecedented. One of the great beauties of our economic system is there is always some balance to be found. For example, when stocks are down, the bond market is up. When the dollar is strong and foreign investment cools, our money goes further for goods bought overseas. So it is also true when it comes to real estate. Sellers are experiencing a double whammy in the form of high housing inventory coupled with an unusually high foreclosure rate. The effect of this combination is lower prices for homes.
We're currently showing homes to smart young buyers who have quickly come to the realization that their dollars spent on rent may be better spent on equity building home ownership. Just yesterday we spoke to a young man who has recently relocated to the Twin Cities from a rural part of the state. Within 15 minutes of our conversation, 18 single family property listings were sent to his computer for his review, and he was provided with the name of a lender to assist him with determining his price range. Yes, it's that easy to get started!
If you're young, have a job, and ready for an exciting stage in your life, call us now! 651 307 4020.
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