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2013 October Monthly Report - The Skinny

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers.

Demand is still strong due to 4 factors:

    • Affordable mortgage rates - interest is still under 4.5% on a 30 year mortgage
    • Good home prices - Home prices are still recovering
    • Improving labor market - strengthens buyer confidence
    • Rising rents - making it more affordable to purchase rather than rent

You can watch the whole skinny video below, or you can play with stats on this website:
The Thing

 

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Steven Hong - RE/MAX Results 
REALTOR, e-PRO, GREEN, Old Home Certified 
7700 France Ave S #230, Edina, MN, 55435 
612-990-9009 (cell) 
952-915-2252 (office)
Licensed in Minnesota. Disclaimer: Each office independently owned and operated. Privacy Policy
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