In the market to buy or sell a house this spring? Chris Galler CEO of Minnesota Realtors says here’s what you may run into:
“One I think the competition is going to ease a little bit and we will have a little bit more housing supply than we’ve had in the past. I think we are going to see mortgage interest rate go up a little but we do anticipate that home prices will continue to rise next year, they just won’t rise at the level they did this past year.”
Median home sale prices were up 11 and a half percent in 2021, a 28-percent increase over the last three years.