Minneapolis Homes Sales

Pending homes sales in Minneapolis for this week are up 26.8% from last year at this time. That is a big increase. As prices continue to drop more and more buyers are coming out to take advantage of the situation. Mortgage rates are low and couple no money down programs are going to be eliminated in a few weeks. There are a lot of deals on houses for sale in Lake Nokomis, the University of Minnesota campus area, and North Minneapolis. I wish I could buy all the deals I see. I know if I could, I could make a lot of money. John Templeton is one of the greatest investors of the 20th Century. He said the “best time to buy is when pessimism is at its highest point.” I think people are pretty pessimist right now, but it could get worst. Inflation is a issue and now the government just took over mortgage giants Fannie Mae and Freddie Mac. It is going to cost you and me a lot of money to bail these guys out. Start looking for a home today for sale in Minneapolis, I bet your will find a deal!