August 2023 Market Update for Northern Colorado

The housing market seems to continue to be in the doldrums. Inventory is lower than usual, yet homes are staying on the market longer. What is behind this unique housing market we're in? Mortgage interest rates. In this episode I'll explore where rates are likely headed, what the foreclosure rate is and housing affordability.    Would you buy or sell a home in these market conditions? Why or why not? Leave your response below or contact me directly.    Don’t hesitate to get in touch with any questions or if you need help with real estate.   Best regards, Sean