Despite what so called "experts" say, remember that real estate is LOCAL. Here in Colorado inventory remains very low and demand is still very high.
If you’re hoping for big price reductions, you’ll be waiting a long time. Maybe forever. It’s all about supply and demand.
After a slowdown in the traditional spring real estate season, buyers are actively looking for homes to purchase.
Buying a home is also an investment in your family’s financial future. Homeownership is even a local economic driver.
Given the undersupply of homes on the market today, there is upward pressure on prices. Looking at simple economics, when there is less of an item for sale and the demand is high, consumers are willing to pay more for that item.
There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.
BACK ON MARKET! 1375 Flannagan Ct. Erie CO 80516. 3 bedrooms, 2 baths, 2 car garage listed for $439,900.
Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand...
State and county restrictions continue to change daily. Many counties in Colorado are now operating under "Safer At Home" rules and are allowing showings.
During the previous housing crash, the government was slow to recognize the challenges homeowners were having and waited too long to grant relief. Today, action is being taken swiftly.