Home sales hit an all-time high in the areaFargo, ND (WDAY TV) -- North Dakota realtors may be the envy of all others across the country, as home sales are hitting an all-time high in our area. Metro streets were flooded with people bouncing around town trying to find that perfect house at the Spring Parade of Homes.
Fargo, ND (WDAY TV) -- North Dakota realtors may be the envy of all others across the country, as home sales are hitting an all-time high in our area.
Metro streets were flooded with people bouncing around town trying to find that perfect house at the Spring Parade of Homes.
"It is a matter of cost, gotta save up for something like that."
Jack Christopher Has been back and forth on buying a new home for about 4 years now. Each year he thinking this will be the year to buy... but this time he's certain, especially with the low interest rates.
Jack Christopher: "It is definitely an incentive to do it right now, because they are so low, because I just know my luck that if I wait too long they will go through the roof again."
The interest rates right now are 3 percent for a 15 year loan, meaning monthly payments on a 150-thousand dollar home would be about 1,000 bucks.
Aaron Nissen/Realtor: "Rates have been good for the last several years, but no that is not a normal rate, it is going to be toward an all time low."
Realtor Aaron Nissen says another reason for the buying boom is the amount of options buyers have. And from the looks of it he is right.
Aaron: "Great selections for the buyers, in all of the different price ranges, in the different market places, whether it is Moorhead, Fargo, West Fargo."
Nissen has been selling homes for 15 years. He is projecting this to be his best year yet.
Aaron: "Right now I have sold around 50 houses this year and that's more of what I a full year would be."
Homes in the 150 to 220 thousand dollar price range are most popular right now.
Aaron: "There is activity in every price range which is really nice to see."
As Christopher continues his house hunt...Nissen will help him along with the many other anxious buyers, cash in on low interest rates and the house right for them.
Nissen's sold his most homes in 2008, that was 80.