Many real estate professionals are currently asking how rising interest rates are going to change their business, especially in the short run. The first question we need to understand is why interest rates are climbing. Interest rates, global bond markets, and inflation are closely tied together, and they have a combined effect on mortgage rates. A faster growing economy gives investors confidence and money flows out of conservative bonds which impacts the bond market. Additionally, when the economy is growing consumers have more money to spend, and inflation can result. A strong economy, de-valued bond prices, inflationary concerns, and continued short-term rate increases from the Federal Reserve are causing higher mortgage rates.
“Either make your money work for you, or you will always have to work for your money”
The ultimate goal in holding an asset, is to make a return for profit on the original investment. When you take away the physical and emotional connection to owning a house, you have an asset in its truest definition. The goal of this document is not to force your hand into making a decision on a whim, however it is to inform you of what is happening in the surrounding community. More specifically, Colorado has been noted as “the second-hottest real estate market in the United States.” Not only has the market made a great comeback over the last few years, the first months of 2016 have created an unique opportunity to cash in on your investment.
Over the last twelve months (April 2015 - April 2016), the market has shown:
31.3% decrease in months supply of inventory on housing
metric used to determine how many months it would take to sell all current
9.2% increase in housing prices
11.7% decrease in amount of days spent on market
6.2% decrease in new listings
→ This graph depicts the Months Supply of Inventory of Boulder, Weld, and Larimer counties across the last three years. The current low values mean that houses are flying off the market at an unprecedented speed!
→ This graph depicts the Median Sales Price of Boulder, Weld and Larimer counties across the last three years. There is a steady and positive trend in the above graph. This not only means that houses are gaining in value, but people are also spending more on housing.
At this point in time, there is high demand for houses on the market. Seasonality can play a role as well; Summer tends to be a popular time to try and sell, or buy a new house due to the ease that comes with the warmer season. After analyzing the outlined data above, along with the low months supply metric, and the rising median sales price, it marks an advantageous time to capitalize on your investment.
Estate Professionals has 20 years experience in Boulder County real estate. Call for a free, no obligation personalized market analysis of your property 720-466-3101.
How Much is your home worth in Boulder, Colorado? If you are planning on selling your home, that is a question you need answered. As your Local Boulder Real Estate Expert, I can help you to learn the answer to that question. I will personally do the research on your behalf and provide you with a detailed Free Market Analysis. Please feel free to take a few moments to complete the basic information below and I will go straight to work for you. Or, if you prefer, please feel free to give me a call directly at 303-588-7532.
Have you ever considered moving to beautiful Boulder, Colorado? Boulder is a desirable community & great location. Boulder, Colorado boasts a variety of local landmarks, excellent schools, parks and much much more. Take a look at some of the most popular searches in Boulder, Colorado and the surrounding areas.
Not quite the location that you are looking for? That is okay. Through my website you can search for the exact home you are looking for in the exact city, county or community you are looking for. Search for your perfect home, in the perfect location by taking advantage of my Advanced Search tool built directly into this website.
There are so many different kinds of homes out there for families to choose from. Do I want to live in Boulder? Or maybe you want to find a home in Boulder. How many bedrooms and bathrooms do you need? Do you need a large back yard? A small backyard? Do I even need, or want, a yard at all? Don’t even get me started on the front yard and curb appeal. Hardwood floors, tile, carpet. There are so many things to consider when looking for your dream home. How, then, do you find the right home for you?
The answer is to put me to work for you. That is what I do for my clients. Completing my basic Dream Home Finder I can immediately go to work for you. Of course you can take advantage of my Quick Search and my Advanced Search tools to surf through all the homes for sale in ENGLEWOOD, Colorado or the surrounding areas. By completing the Dream Home Finder, I can use additional resources at my disposal to locate homes for sale that may not be available in the public view. In addition you are a busy individual and my passion is to work for you to find that dream home and schedule tours for you. By working together as a team with your dreams and my resources, finding that dream home is only one tour away. It is my passion to find you that one right tour.
Dena was helpful and professional throughout every step of our purchases. She was our constant advocate during negotiations and we always felt that our interests were taken care of. We highly recommend Dena to anyone looking to purchase or sell real estate in this area.E. Treadaway
Dena and her team at Estate Professionals were amazing during a recent challenging purchase of a beautiful home in the area. She has great expertise and negotiating skills readily demonstrated on our behalf. We highly recommend her and her company for any future purchases or sales in commercial or residential realty in the future.D. Grossberg
Really enjoyed working with Dena. We had a very smooth purchase process that was very professionally managed by Dena. Very happy to recommend her to others.P. Copeland
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