Is The Real Estate Market Normalizing?
/
October Market Report
Nicole Rueth of One Trust Mortgage reports on the current local market.
After July’s momentary celebration of 5% interest rates, August ended the month at 6%. September finished just having crossed 7%. Only a few months ago, 6.25% seemed like a ceiling as the U.S. continued its strong stance against a slowing global economy. That didn’t last as we saw European economies bear the brunt of Russia’s war on Ukraine, Japan struggling with lower global demand for manufactured goods, and China’s economic troubles thanks to its zero-Covid policy. All of these strengthened the dollar while creating incredible volatility of our mortgage bonds.
This is why half of your friends are in Switzerland or Italy right now.
Meanwhile, the fight here in the United States is the fight against...
Watch Vlog
Real Estate In The News
Housing Prices Are Dropping — Yes, A House Is Still A Good Investment
If you’re thinking about buying a new home but have reservations in the current market, don’t be deterred—there’s still good reason to start building home equity. From a hedge against inflation to tax benefits, check out all the advantages of buying today.
Colorado housing market becoming more buyer-friendly
After two years of chaos in the real estate market, buyers and sellers in Colorado are starting to see a shift to something more… normal.
For more information on the Denver real estate market please reach out to Cherish McClure.