Uncategorized 96 Weeks Mortgage rates have been below 4% for 96 weeks in a row.   Today, the average 30-year fixed mortgage rate sits at 3.17%.   This is 0.5% lower than January and exactly 1.0% lower than March 2020.   Rates recently ended a 31-week streak of being under 3%.   Over the last 5 years, rates […]
Uncategorized Double Lumber The price of lumber has doubled in three months.   Lumber is just one of several examples of skyrocketing materials costs which are impacting both home builders and home buyers.   The cost of lumber is now at a record-level $1000 per 1000 board feet.   These rising costs not only add to the sales […]
Blog Wonderful Ranch! Beautifully kept ranch near Cottonwood Creek Park. 3350 Briarpatch Place Colorado Springs, CO features an updated kitchen with stainless steel appliances, granite countertops & tile backsplash. A sliding glass door leads to outdoor entertaining spaces in the huge back yard. The main bedroom features a walk-in closet, ceiling fan and door to the full, updated […]
Uncategorized Job Bounce   “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people expected.  When COVID first […]
Uncategorized Bubble Talk A hot topic of conversation these days is the prospect of another real estate bubble.  People wonder if prices can continue at their current pace and some fear a repeat of 2008.   Because we get asked about this topic so often from our clients, we thought it would make sense to ask our in-house […]
Uncategorized Rate Heading Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They are currently at […]
Blog Backbone Meadows Beauty! Breathtaking home in exclusive Backbone Meadows! 2241 Half Hitch Ct in Loveland, CO is a beautiful custom home with a walk-out on the lower level including a studio apartment with a private entrance all nestled on 2+ acres with views from every window! The front has views of Devil’s Backbone and the back has views […]
Don't Miss Our Next Post
Subscribe Now