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Home Affordability in Autumn

Why fall is still a great time to buy in the Twin Cities market.

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I’m sure you’re hearing news about the real estate market here in the Twin Cities. It’s a hot seller’s market. Prices continue to appreciate, and buyers have to compete with each other. Does that make it a bad time to buy? In reality, the fall market’s a phenomenal time to buy because many buyers have already purchased homes, and you’re going to have a lot less competition.

We’re seeing many pockets throughout the Twin Cities slow down. The urban suburbs are becoming a more balanced market. Suburban and rural areas still have a lot of competition and demand, but the fall market should slow things down and let buyers shop at a more natural pace.

It will still be a seller’s market, but fall is a great time to buy, especially with the low interest rates. If you’re wondering whether one of the areas you have your eye on might be slowing down, reach out and give us a call at (651) 998-9829.

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