Market update

Should we believe everything we have heard from the media regarding today's real estate market? Numerous reports speculate the local and national real estate market might be declining. Unfortunately, the media only reports part of the story about today's real estate market. True, the market in the Twin Cities and nationally is in a state of correction. Contrary to what is being reported in the media, the bubble has not burst. It is a very good time to sell a home and even better time to buy. Here are just a few points to consider: interest rates are at record lows, builders are cutting priced due to oversupply on new construction homes, plus there is a good supply of existing homes available.