From a home buyer’s perspective, 2016 hasn't exactly been the best time to look for a new home, especially towards the end of the year when mortgage rates spiked and inventory continued to dwindle. In addition, the strong demand for housing in places like St. Paul and the rest of the Twin Cities region also kept home prices on the rise for most of 2016 as well, sometimes pricing young and first-time home buyers out of the market.
If you’re looking for a little relief heading into the new year, you might be disappointed to learn that most projections have mortgage rates and home prices continuing their upward trend, likely posing more of the same challenges home buyers faced in 2016.
Even with rates climbing, however, it’s still worth noting that
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With 2016 now pretty much in the books, potential home buyers will likely wait until the turn of the calendar to buy a new place. But with mortgage rates now reaching levels not seen since 2014 and home prices also continuing an upward trend, it’s more important than ever that home buyers in St. Paul find the best deals possible. So if you’re in the market for a new home in St. Paul, just where are some optimal places to begin a home search? Well, if you believe that data found on niche.com, a popular website that specifically analyzes and scores schools and neighborhoods all over the U.S., here are 2016’s best St. Paul neighborhoods.
Almost everybody loves what a new construction home brings to the table, and even if you’re someone who prefers the charm and character of a vintage or historic home in St. Paul, chances are you’re still able to recognize all the benefits of living in a recently built home or condo.