Despite the fact that there are a lot of Doom & Gloom real estate stories in the news every day (at least it seems like it’s every day), this really is a good time to buy a home. Trust me, I’m a Realtor!

There’s a tremendous amount of inventory on the market which translates into “a buyer’s market.” In my locale, Minneapolis-St. Paul, there are almost 10 homes available for every buyer. As a point of reference, in a balanced market (where neither buyer  nor seller is  favored)  there are usually half that number of homes available for every buyer. So you’re bound to find a place that you’d love to call home. And it’s easy to find them. Homes for sale are advertised everywhere: newspapers, magazines, flyers, realty web sites, bus stop benches and on TV.

And to make it an even better buyer’s market, mortgage rates are very low. Don’t be scared about the subprime mortgage mess that’s ruined home owners and lenders. IF YOU HAVE A JOB AND GOOD CREDIT, that mess just doesn’t apply to you, period. That said, mortgage companies and banks will probably screen your loan application more critically then they used to do before that mess hit the fan. BUT THAT’S OK. You’re a good credit risk and they need customers to stay in business.

OK, now this is where the plug for my services comes in. If you’d like me to help you with your home search, you can respond to this blog, email me at barry@milesrealtycorp.com or call me at 612-799-7795. I promise I won’t call you  past midnight, bombard you with spam or junk mail, or sit outside your home to annoy you in person. Really, I won’t.