According to the Minneapolis Star Tribune, the Twin Cities housing market is hot. Home prices have risen for the fourth month in a row. Home prices are back where they were in August 2001.
Experts warn that with the precarious economy the prices could dip easily. Others hypothesize that prices have gone up as homebuyer try to buy before the colder months. But for today the signs point to a hot market. So what does that mean for the homebuyer? Well, it means housing are going more quickly and prices may be rising. Now might be the time to buy, depending on what you want.
Another contributing factor is the first time homebuyer tax credit, however signs point to an extension for that program.