Coon Rapids, Minnesota
2143 Northdale Blvd NW
Coon Rapids, MN 55433
(763) 548-1400
Serving the greater Twin Cities areas since 2004. Be with the best trained agents in the metro.

5 Reasons Real Estate Is Booming in Coon Rapids, Minnesota October 27, 2016

Coon Rapids, Anoka
5 Reasons Real Estate Is Booming in Coon Rapids, Minnesota, Coon Rapids, Minnesota

The real estate industry has made an enormous comeback in the past decade. For realtors at EXIT Realty Nexus in Coon Rapids, MN, the stable housing market means good business, but it also proves to be prosperous for home buyers, sellers, and investors, too. If you’ve considered buying or selling a piece of real estate in the near future, you need to understand what’s making the industry tick today. For the latest trends in real estate and to see why the housing market is booming across the entire country, take a look at what the realtors say you need to know.

Here are the top five factors contributing to the booming real estate industry:

  • Unemployment Is Down: The economy has had its fair share of struggles over the past few years, but the unemployment rate across the country has begun to decrease. With employment opportunities on the rise, more people can invest their money in a home purchase.
  • Stable Interest Rates: Interest rates are some of the lowest they’ve been in recent times, hovering right around 3.5%. 

real estate

  • Mortgage Assistance Programs: Affording a down payment on a home is tough for many families, but there’s plenty of mortgage assistance programs available that make buying a house more realistic. From first-time home buyer programs to VA loans that help veterans and active-duty service members attain financing, accomplishing the dream of homeownership is possible.
  • Investors Are Choosing Real Estate: There are several ways for people to invest their money, but because of the upswing the real estate market is experiencing, investing in homes and commercial property seems highly advantageous.
  • Inventory Is Low: For home buyers, finding a house that’s in their preferred neighborhood and within their budget is difficult to come by. While the housing market is surely booming, there’s limited inventory available. Competition is tough and bidding wars are breaking out, leaving sellers with more money than ever in their pocket.

To learn more about why the real estate industry is so hot or if you need assistance buying or selling a house in the Coon Rapids area, call the agents at EXIT Realty Nexus today. You can reach their office at (763) 757-3948, or visit their website to start searching available real estate listings.

Other Announcements, Events and Deals from EXIT Realty Nexus
How to Save Up to Buy a House in Coon Rapids, MN, Coon Rapids, Minnesota
Owning a home is a big dream for many people. For the average person, it’s also the most expensive purchase they’ll ever make, and saving for a down payment can be a big challenge. more
 3 Ways to Take Advantage of the Pre-spring Market in Coon Rapids, MN , Coon Rapids, Minnesota
If you’re planning to list your house for sale this spring, there are lots of ways you can prepare for the coming competition. Taking action now can make your real estate listing more
How to Deal With Difficult Clients as a Real Estate Agent in Coon Rapids, MN, Coon Rapids, Minnesota
Challenging clients tend to be plentiful in the service industries. At some point in your career as a real estate agent, you will encounter someone who’ll test your patience. Rather more
3 Time Management Tips for Real Estate Agents in Coon Rapids, MN, Coon Rapids, Minnesota
As a real estate agent with a never-ending task list, the day can easily slip by before you’ve even touched half of your daily priorities. Between client meetings, showings, more
5 Real Estate Terms Residents in Coon Rapids, MN, Should Know, Coon Rapids, Minnesota
Whether you are buying or selling a home, you may hear some confusing lingo in the real estate industry. While it may take time to get used to, adding these words to your vocabulary more