So the housing market “cooled down” after the First Time Home Buyer Tax Credit ended in April. Most people know this, especially would-be buyers who are looking to purchase their first home.
As evidenced by this video put together by the Minneapolis Area Association of Realtors, we see further proof of this housing “slump”.
The good news is that for buyers the “slump” is actually a “victory” because as is with most real estate news, the housing market is looked at through the perspective of the seller, and not the buyer.
So as you’ll see below, prices are still low, pending sales are low, and interest rates on mortgages are super low. All good things for the first time home buyer in the state of MN.
Click play below to see all the stats from July 2010.
