When you can’t “Go West!” you Go East!
We all love the mountains, but there isn’t any room to build on the west side of town. That has lead to plans for a huge new housing and retail development by DIA. That means anything west of I-225 is going to be considered “central.” Even if home values slow down elsewhere, I would expect this region to continue to see large gains. Just a thought.
The new normal in real estate
Low inventory. High demand. Moderate mortgage rates. Get used to it. Let’s break it down: inventory is low because prices are rising at a rapid rate. (Why move just to pay more? Why sell now when your house will be worth more next year?) Demand is high and will continue to be high as the Millennial generation ages (there are 95 million of them!). Mortgage rates are still historically low, ranging less than 5% and not likely to reach 15% anytime soon. This is our market overall for the next several years, making real estate a pretty good investment.
See you soon,
Read the full newsletter here: 2018.03.16 – Friday Flyer