First Time Home Buyers take advantage of housing market

MN First time home buyers in a Buyers’ Market

With so many homes on the market, MN First Time Home Buyers have the luxury of finding the perfect home. There is no need to rush an important decision or compromise your expectations. More and more first time home buyers are viewing this housing crisis as a way to live the American dream.

Combine the abundance of MN Real Estate inventory, declining home prices, and historic low interest rates, these reasons make now a particularly good time to buy for MN First time home buyers. Although banks/lenders have tightened up on lending guidelines and parameters, they are still multiple programs that encourage and support first time home buyers ability to qualify.
MN First time home buyers are not the only ones finding a bargain. Affluent baby boomers are ready to make a bid on that long awaited second home. One Edina Realty agent in the infamous Brainerd Lakes Area (MN) has witnessed a surge in lake home purchases. Her weekends are booked up for the next month due to Minneapolis /St. Paul residents looking at lakeshore property.

MN college students are also taking notice of this real estate trend. More and more students are replacing their monthly rent check with a monthly mortgage check. With the support of their parents in regards to down payment assistance, students are building equity over the course of their college career. At colleges all around Minnesota, students (homeowners) can still fulfill their heavy course loads and work a part-time job because they have roommates pay for rent which covers the mortgage payment.

If you found this information helpful, please stay tuned for my blog.

Please feel free to contact me at scott@uptownfinancial.com or 612-919-2119