3 Ways to Be Prepared for a Tight Housing Market

Everyone is talking about the hot housing market in the Twin Cities. The number of home listings in the metro area is at an all-time low and the shortage of available houses is even more severe for those homes priced for first-time buyers.

When dealing with a market like this, it pays to be prepared.

Our home ownership advisors suggest:

1) Attend a homebuyer workshop 
Homebuyer workshops, such as the HUD-approved HomeStretch Workshops offered by PRG, help you understand the home buying process even before you begin to go to open houses.

2) Meet with a homebuyer counselor
Knowing what you can afford—and what you can’t—will save you time and heartache. PRG offers free, one-on-one counseling that can help you assess your financial picture and determine what price range of home fits with your lifestyle.

3) Get pre-approved for a mortgage
When you know that you’re approved for a mortgage (and for how much), you will not only have a better experience shopping for the right home but your offer on a home will be viewed more favorably by the seller.

Still have questions about getting started in this market? Contact one of our home ownership advisors.

  • The class really prepared me for the entire process, and I’m so happy that it was offered. It made this long process much easier to understand.

    Maria, Workshop Participant
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