
Episode #36
Teeter Totter Economics For Grown Ups (Or the Rate Price Seesaw)
Mortgage interest rates are up, so does that automatically mean it’s a bad time to buy a home? We don’t think so, and we’ve got real examples to prove it. We break down the “teeter totter” between interest rates and home prices and why the best move is often to compare price and payment together, not just chase a lower rate. We rewind to the COVID housing market when rates were at historic lows and buyers had to bid 5% to 10% over list price to win. Then we fast forward to what we’re seeing now across the Minneapolis metro real estate market: listings with meaningful price drops, sellers open to strong discounts, and situations where a higher rate can still produce a lower monthly payment because the purchase price is so much better. We also talk commercial real estate and why mixed-use properties can start to “pencil out” again when values adjust. Midway through, we hit our Legal Minute with attorney Jeff O’Brien, covering environmental laws that can impact Minnesota real estate transactions and development, including CERCLA, MERLA, and the Petroleum Tank Release Cleanup Act. After that, Marcus shares what he’s seeing in the Sioux Falls, South Dakota market, including how different price ranges can behave like totally different markets and why local data matters. If you’re waiting for the perfect day where rates and prices are both ideal, we’ll challenge that mindset and explain how refinancing later can be the missing piece. Subscribe, share this with a friend who’s on the fence, and leave a review. What’s your biggest hesitation about buying right now? You can always find U. S. Home Talk and connect with the hosts and the community at their facebook page https://www.facebook.com/U.S.HomeTalk/ or at our website, USHomeTalk.com






