March home sales spring upward and set the stage for a strong spring market. March 2015 saw a 30% increase in purchase agreements signed over last March. Traditional home buyers are leading the way now, as we approach an eighth year of recovery in the Twin Cities area real estate market. Few barriers remain for this recovery to be complete. One that does remain is that 1 in 7 Twin Citie’s homeowners still owe more than their home is worth, which contributes to a tight supply in homes for sale. Interest rates averaging around 3.7 percent have moved many home buyers into the market.
Full Article-Buchta, J. (2015, April 11). Twin Cities home sales soar 30% in March, setting up strong spring. Minneapolis Star Tribune.