Craig Erlichman

The winter months tend to be slower when it comes to home sales and this winter is no exception. Craig Erlichman from Premeir Real Estate Services joined me on WJON. He says the days a home is staying on the market has gone up and is now approximately 49 to 50 days.

The rise in interest rates has slowed home sales in the St. Cloud area. That according to Craig Erlichman from Premier Real Estate Services in St. Cloud. He explains the rise in interest rates from as low at 2% to near 7% on a 30 year fixed mortgage has created what he calls a "correction" to the market.