Real Estate Supply and Demand.Minneapolis, MN: The current inventory of homes for sale remains at low levels, yet with higher interest rates and economic uncertainty, demand and price growth has slowed, but has not stopped. BASIC MARKET FORCES AT WORKBuyers previously stuck in bidding wars over asking price and sometimes against dozens of competing offers now suddenly find themselves in a more historically normal atmosphere.Sellers may now again be more inclined to negotiate and allow for traditional buyer protections, like home inspections, and common items like seller paid closing costs, and common contingencies, like you have to sell your existing home.Great news for first time home buyers, is that lower down payment loans, and even buyers needing down payment assistance have a great...
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