If you find yourself suddenly revisiting the idea of buying a home in St. Cloud, it won’t surprise you that you’re not alone. Lately, it’s seemed as if the stars are continuing to align to draw more and more people—first timers as well as those who are already St. Cloud homeowners—to make that decision. Last week ended with yet another inducement to point people in that direction.
The impetus didn’t arise from any local St. Cloud real estate event—although the traditional residential real estate busy season always helps spur activity. It came with an unexpected stock market rally that was universally attributed to an increase in the odds that the Federal Reserve was all but certain not just to hold interest rates steady—but to actually lower them further. The reason for the relative certainty came from a multiplicity of other market factors that pointed at a slightly negative market outlook. In the reverse tides of the financial world, that bad news is good when it’s likely to force the Fed to ease the cost of borrowing. As MarketWatch celebrated, “Get out the scissors—Barclays forecasts a half-point rate cut in July.”
Of all the factors that make buying a home in St. Cloud a tempting proposition, the back-of-the-envelope arithmetic that yields a monthly mortgage number that fits House A or House B inside the household budget is the most persuasive. When last week ended with all hands indicating that mortgage interest rates are poised to do just that, it provided a new reason to revisit this season’s St. Cloud listings. Some homes that had seemed beyond reach might soon be doable—it certainly seems worth another look. For St. Cloud home sellers, too, when more buyers are newly able to afford a given price point, the effect can be electric for the market.
If you are among those who have noted the new possibilities, giving me a call will be a simple way to do the new reality check. You’ll find that this season’s offerings are well worth taking a look!
Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:
Five Office Locations To Serve YOU!
St. Cloud 320-259-4554
Maple Grove 763-565-2000
Premier Real Estate specializes MANY areas around Central MN includingSt. Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, St. Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, St. Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!