Interest Rates

St. Cloud Real Estate Market Looking Up Despite Interest Rates
St. Cloud Real Estate Market Looking Up Despite Interest Rates
St. Cloud Real Estate Market Looking Up Despite Interest Rates
Interest rates have been on the rise throughout the nation and that includes the St. Cloud area real estate market. Craig Ehrlichman from Premier Real Estate Services joined me on WJON. He says the average sale price in the market is at $285,000, closed sales are up 14.1%, and new listings on the market are up with about 98 properties current on the market.
Rise in Interest Rates Has Some Benefits for Home Buyers
Rise in Interest Rates Has Some Benefits for Home Buyers
Rise in Interest Rates Has Some Benefits for Home Buyers
The rise in interest rates has slowed home sales in the St. Cloud area. That according to Craig Erlichman from Premier Real Estate Services in St. Cloud. He explains the rise in interest rates from as low at 2% to near 7% on a 30 year fixed mortgage has created what he calls a "correction" to the market.