Fall Market Update

Last month I cited a Fannie Mae report about predictions for the real estate market in the coming years with the most optimistic group of panelists projecting 27.4% real estate price growth by 2029 and the most cautious group of panelists predicting 6.7% price growth by 2029. I am referencing this report for the second month in a row because contrary to what you may be hearing, real estate is still a great investment and this is a great time to buy.

Each year, the best buying opportunities are in the 4th quarter because Sellers always become motivated as the holidays approach. This Fall will be an especially good time to buy because there are more available homes on the market than usual and buyers have more options. In addition, interest rates recently dropped.

Whether you are looking for a home for yourself, wanting to make an investment or have a family member wanting to buy their first home, the next 3 months will present some outstanding opportunities.

Please reach out and let me help you explore the possibilities. I hope you have been enjoying this beautiful Fall weather. As always, I appreciate your business and your referrals.

Best,

Rich

Quick August Market Update

For the last couple of months I have been reporting that the story in our current market is the increase in inventory of available homes for sale. This increase in inventory is trending towards a buyer's market and is not only happening in our area of Colorado, but across the country. However, the market is not indicating that home prices will come down and housing experts say Buyers should not assume they will drop or even flatten out in the coming years. 

Fannie Mae's latest Home Price Expectations Survey (HPES) asked 100 housing experts to weigh in with their predictions for the real estate market in the coming years. The most optimistic group of panelists are projecting 27.4% real estate price growth by 2029 and the most cautious group of panelists are predicting 6.7% price growth by 2029. Click here to read the full Fannie Mae Survey Report.

What does this mean for Buyers? Even the most cautious industry experts are still predicting long-term price appreciation for real estate. You can feel confident that a home purchase now will still be a good long-term investment. For investors, this is a great time to purchase a rental property. The best opportunities will be in the 4th quarter of 2025. Sellers become motivated as the holidays approach and it is starting to look like interest rates will drop in the next month or so.

What does this mean for Sellers? Being priced properly based on condition and location is paramount. Buyers have more choices and opportunities with the increased inventory, so Sellers need to make sure their property is priced realistically. Sellers may also want to consider offering closing cost credits for Buyers to lock in a lower interest rate and help close the sale.

Whether you are considering buying or selling, please reach out and let me help you explore the opportunities. As always, I appreciate your business and your referrals. I hope you have been enjoying the summer.

Best,

Rich

Spring Market Update

Last month I reported that the number of sales early in 2025 were at a slightly slower pace compared to the start of last year. My theory was that the extremely cold temperatures in January and February were the cause of the slower market. With warmer weather through March, the number of sales are starting to catch up to this time last year. I'll report on this again at the end of April to confirm if it was the weather that led to the slow start in 2025 or if other concerns seem to be affecting the market.

Interest rates have fluctuated a bit over the last year, but right now they are around 6.75%. This is about the same place they were a year ago. This range may be the new normal, but some economic predictions indicate mortgage rates may decline modestly this year. This would ease the cost of borrowing and generate an increased demand for home sales.

For Buyers - The question many are considering is whether to buy now with rates in the 6.75% range or wait until rates drop a bit. My opinion is that it's best to buy now rather than later. If interest rates begin to decrease, it will lead to an influx of buyers into the market. The pent up demand will result in increased competition and in turn drive up the prices of available homes. Buying now means more selection, less competition and lower prices. And, there is always the option to refinance if interest rates drop.

For Sellers - Spring is the best time to list because buyers have the highest sense of urgency this time of year and market activity as well as the number of sales will increase through June.

Whether you are considering buying or selling, please contact me anytime to discuss how to make the current market work for you.

Happy Spring and All The Best,

Rich