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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