How Prospects For Buying A Home In St Cloud Just Grew

Dated: 06/12/2019

Views: 131

 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!  

Gray and Blue Concrete House Surrounded by Trees

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
Princeton 320-983-3555
Maple Grove 763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

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!

Blog author image

Noel Johnson

Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten years of purchasing & managing several rental properties, while assisting friends & clients with bot....

Want to Advertise on this Site?

Latest Blog Posts

This St Cloud House Selling Lament Is Easily Avoided

 One often-repeated lament you hear from St. Cloud house sellers is this one: “I wish we’d done the [major remodeling project] long ago so we could have enjoyed it!” It’s probably

Read More

This Week St Cloud Gets A Columbus Day Kickoff

 This is the week that leads off with the Federal holiday that reminds us of the epic turning point of Christopher Columbus’ voyage of discovery—the day he arrived in the Americas. St.

Read More

St Cloud FixerUpper Projects Ripe For FirstTime Investors

 The fix-and-sell investment strategy is as popular as ever thanks to exposure on cable television—both as TV series and late-night advertorials. St. Cloud fixer-upper properties offer-

Read More

It Is Not Halloween Yet But Some Home Decor Is Horrifying

St. Cloud neighborhoods are already boasting their traditional pre-Halloween decorations. Like ‘mums and pumpkins, the appearance of mannequin goblins and ghosts is, after all, some of the

Read More