The interest rates nationally have been on a steady increase and the St. Cloud area housing market is feeling the affects. Craig Ehrlichman from Premier Real Estate Services joined me on WJON.
The housing market has been a sellers market for more than a year. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON this week. He says housing prices remain high locally and it continues to be a seller's market.
The real estate market continues its rebound from the Great Recession. Median home prices in the St. Cloud area are up 5.6% in November year-over-year, to just under $170,000.