With interest rates double what they were last year, first-time home buyers are priced out of newly built homes on Bismarck’s outskirts. Prices here range from $450,000 to $700,000 and up. Photos Michael Standaert, April 21, 2023.
FIRST-TIME HOME BUYERS FEEL THE
With interest rates double what they were last year, first-time home buyers are priced out of newly built homes on Bismarck’s outskirts. Prices here range from $450,000 to $700,000 and up. Photos Michael Standaert, April 21, 2023.
High interest rates, high home prices and availability all factors
Add another factor into the challenge of attracting workers and families to North Dakota: the lack of affordable, modern, quality homes.
With home prices at historic highs and interest rates double what they were a year before, first-time home buyers searching for a place to call their own are in the g...
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