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Twin Cities real estate market affected by interest rate adjustments

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First time homebuyer Ivey Robinson has been searching for a new place to call home since January, with the help of her realtor Kyesha Williams of Coldwell Banker – Plymouth.

“It’s been really crazy, we’ve been looking for about five months, so it’s been a little hard, we’ve been outbid at least seven times,” Williams told FOX 9 on Wednesday.

Down the stretch, Williams says homes were selling in just two or three days, with bids coming in anywhere from $10,000 to $60,000 over the asking price. But despite everything, this week Robinson has finally found a place to call her own. She’s moving into a townhome near downtown Minneapolis and the University of Minnesota.

“And so I feel like ultimately I won,” Robinson said….

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