https://www.denver.org/
The economists are optimistic about the market’s direction, they agree it won’t be a return to the usual slowing pace of sales in the fall—nor will prices slide to the extent typical of the season as families settle into a new school year.
-“We’re seeing the gap narrowing between demand and supply,” Gay Cororaton, NAR’s director of housing and commercial research.
-Buyer demand likely will remain strong, especially as mortgage rates stay near record lows. The 30-year fixed-rate mortgage averaged 2.86% last week, according to Freddie Mac.
-“Don’t expect deals in the fall if you are house hunting in the most desirable part of a market or competing for a particularly nice house,” Ali Wolf, chief economist at Zonda, “Homes that stand out for one reason or another are still flying off the shelf.”
Credit: https://magazine.realtor/