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July 2023 Market Update
Manage episode 371842378 series 3005885
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Many variables are impacting our housing market. Overall, compared to last year, the housing market in Northern Colorado is stabilizing. No major changes in one direction or another. I think many buyers and sellers are holding off due to higher interest rates and some uncertainty with regards to the economy. There are buyers and sellers out there moving forward but it seems more people are in a wait and see mode. What will change that? When mortgage interest rates get below 6% and stay there for a while. Hopefully, if the experts are correct, that will happen by years end. In this episode I highlight the inflation rate, mortgage interest rates and the local market data so that you can see how things are trending. Questions? Don't hesitate to get in touch with me personally or leave a comment/question below.
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