Originally posted on Rick Kupchella's - BringMeTheNews.com:
The Twin Cities housing market continues to surge after having its best month in nearly a decade, putting it on track to make this the strongest spring market since the 2008 housing recession.
(Photo: MAAR)
There were 6,329 signed purchase agreements in the 13-county Twin Cities region for the month of April – a 26 percent increase from last April and the most for any month since June 2005 – the Minneapolis Area Association of Realtors (MAAR) announced Tuesday.
“Overall, buyers are truly out in force this spring,” Mike Hoffman, president of the MAAR, said. “Climbing rents, consistent job growth and finally some beginning signs of wage growth are all encouraging Twin Citizens to invest in homeownership.”
Low mortgage rates, higher home prices, and a decline in the number of foreclosures have also helped home sales rebound, the organization notes.
“Buyers are quite motivated, hoping to get in before rates…
View original 201 more words
from WordPress http://ift.tt/1IwzZjP
No comments:
Post a Comment