Selling Your St Cloud House Some Auspicious News

Dated: 11/04/2019

Views: 72

 For those pondering the timetable for selling their St. Cloud house, last week’s developments may add a couple of plusses into the “sooner” column. There are always pros and cons about listing in the fall versus waiting for the spring and summer market—but last week’s information could tilt toward acting now.

First (and most well-publicized) was the outlook for home loan interest rates…again! The news wasn’t unexpected, but the accompanying commentary added a compelling note. The Fed again lowered their benchmark rate by .25%, which is very likely to keep mortgage rates in the historically low range for homebuyers—but the Fed Governors also made it clear that this is very probably their last action for a good while. As Bankrate.com observed, “policymakers signaled they’re ready to hit the ‘pause’ button on additional cuts.”

In other words, for buyers who’ve been patiently waiting for the best possible home loan rates, they will likely decide they’ve waited long enough—the coming mortgage rates are unlikely to dip much lower. For those thinking of selling their St. Cloud house, low rates mean that buyers find higher asking prices acceptable since lower rates equate to more affordable monthly payments. Today’s buyers have demonstrated pronounced sensitivity to that bottom line.

The second news arrived as a less-publicized cluster of informed opinions. Most persuasive was the official voice of quasi-government bigshot Freddie Mac’s flat assertion that “…the housing market remains on solid ground.” They reported that housing starts, building permits, existing home sales, and new home sales are “all significantly outperforming” expectations.

If you are among local homeowners thinking of selling your St. Cloud house in this fall’s market, the upshot was certainly positive. Call me for a detailed discussion of the prospects for your own property and what you can expect should you decide to list!      

Photo of Person Holding Pen

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Five Office Locations To Serve YOU!

Saint Cloud 320-259-4554
Princeton 320-983-3555
Maple Grove 763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

Premier Real Estate specializes MANY areas around Central MN including Saint Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, Saint Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, Saint Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!

Blog author image

Noel Johnson

Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten years of purchasing & managing several rental properties, while assisting friends & clients with bot....

Want to Advertise on this Site?

Latest Blog Posts

Nov 11 2019 24220 1

Last week’s email to the Wall Street Journal’s real estate followers contained a Good News/Bad News tale dealing with European home loan rates. St. Cloud readers in a position to entertain

Read More

Your Decor Secret Weapon Books

Does your home need a design refresh? Look no further than your books!According to the book decor experts at BoothandWilliams.com, using books is a fun, easy and creative way to personalize your.

Read More

Staging A Bedroom For Everyone

Different bedrooms have different personalities, and when staging your home for sale, presenting spaces for family members of various ages is smart thinking.Obviously, a master bedroom is going to

Read More

St Cloud Real Estate And An Answer To One Nagging Question

Gaining insight into today’s St. Cloud real estate market doesn’t usually call for Nobel Prize-level theoretical input, but you can make a pretty good argument that last week provided an

Read More