House Hunting
What Twin Cities Homebuyers Should Focus on During the 2026 Spring Market
By Chad Krueger
The spring housing market is active across Minneapolis, St. Paul, and surrounding suburbs as buyers continue looking for opportunities despite affordability challenges and limited inventory in some price ranges.
One of the biggest mistakes buyers make is focusing only on interest rates instead of overall financial readiness.
In today’s market, preparation matters.
Buyers Are Competing Differently Than Previous Years
The Twin Cities market is more balanced than the intense seller conditions seen a few years ago, but desirable homes still move quickly.
Well-prepared buyers often have advantages because they:
Understand their budget
Have financing reviewed early
Know their monthly payment comfort zone
Can move quickly when the right property appears
Inventory Varies by Price Range
Different parts of the market are behaving differently.
Entry-level homes often remain competitive due to continued demand, while higher-end inventory may offer more flexibility and negotiation opportunities.
That creates opportunities for buyers willing to stay patient and strategic.
Monthly Payment Matters More Than Purchase Price
Many buyers focus entirely on home price without fully evaluating the monthly payment.
Factors including:
Property taxes
Insurance
HOA dues
Interest rates
Down payment size
all affect affordability.
Reviewing complete payment scenarios before shopping can help buyers avoid surprises later.
Loan Options Continue Expanding
Many buyers are surprised to learn there are multiple financing options available depending on:
Credit profile
Down payment
Military service
Occupancy type
Self-employment income
Conventional, FHA, VA, jumbo, renovation, and investor financing programs all serve different needs.
Preparation Creates Confidence
The strongest buyers usually begin by reviewing:
Credit
Income
assets
monthly payment goals
down payment options
before beginning serious home shopping.
That preparation can help reduce stress throughout the process.
Final Thoughts
The Twin Cities market continues offering opportunities for prepared buyers.
Whether you’re purchasing your first home, upgrading, investing, or refinancing, having a mortgage strategy early can help position you for success.
If you have questions about financing options in today’s market, I’m always happy to help.
Chad Krueger
MinnTrust Mortgage
NMLS #400930
Chad@MinnTrust.com
612-382-8792
www.chadkrueger.com
All loans subject to approval. Equal Housing Lender.