A perspective on the Minneapolis/St. Paul housing market
I love data… be it hard numbers, graphs, charts, tables, interpretation, etc. I’ve come up with another concept of tracking overall affordability: combining cost per finished square foot with mortgage rates to give an overall cost of financing each square foot of house over the last few years (I only had data back to 2002):
This [...]
On Friday my loan officers were quoting rates on 30yr fixed mortgages in the 5.5% – 6% range again… which is down more than .5% from just a couple weeks ago. On a $200,000 house, that means a monthly payment that is more than $80 less than it was just 2 weeks before. Or in [...]
This blog is written by Aaron Dickinson, a REALTOR with Edina Realty. Views expressed are the views of Aaron Dickinson and not of Edina Realty or any other organizations that Aaron is affiliated with.
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
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