NOW is a Great Time to Buy a Home!
Finally there is good news for buyers in Colorado!!
The market has begun to correct-after 8 years of escalating prices-a softening of prices has been detected over the last 12 weeks! This is fantastic news especially for first time buyers who were being priced out of the market thanks to the escalating prices paired with the bidding wars that have been abundant for years!
The bad news is that the federal government has raised interest rates three times in 2018.
The prediction is that interest rates will continue to rise through out 2019 as well, to help balance the market. That said most buyers are doing well financially with rates ranging from 5% to 5.25% in general. To be honest there are up to 357 variables that determine the interest rate a buyer qualifies for so NOW is the time to get qualified with a honorable lender!
Colorado’s real estate market is strong, thanks to the continued demand
for housing paired with the shortage of housing available.
Rental rates continue to rise due to the shortage of rentals available to accommodate the demand as well. Most individuals would be well served to purchase rather than rent so they can establish stability & predictability in their lives and begin gaining equity for their futures!
Contact me today to discuss this exciting change and how it may be a benefit for you in your path of becoming a home owner!
5280’s Repeat Winner of Denver’s Top Agent
Creating Your Real Estate Success is My Passion!