MarketWise

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Builders and agents talk about the current Twin Cities housing market.


“There appear to be a lot of customers out there, but they all seem to be waiting for something. Nobody’s quite sure what. (But) 2008 is going to be a great year…the housing industry is turning around, and now is the time to jump in.”

—Gary Kraemer, president, John Kraemer & Sons


“The market has changed from where it has been. There’s an importance for sellers to make sure their house is in great condition and priced right. With that, I am seeing houses move…in my (professional) history, it’s never been a better time to buy. Interest rates are low, selection is great, and sellers are motivated.”

—Chris Petersen, Realtor, Edina Realty


“Right now is the best time in four years to be a buyer. The rates are great; prices are great, too, for buyers. There’s no reason to wait.”

—Andy Asbury, sales agent, the Realty House


“Like anything, you need to be smart in your decision and evaluate what’s best for your family. After that feels comfortable, chase your dreams at every price level…if your goals and your foundation for the reason why you’re moving match up, the opportunities are going to find you.”

—K.C. Chermak, president, Pillar Homes, and 2008 president of the Builders Association of the Twin Cities

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