Friday Fun Facts August 7, 2016

Friday Fun Facts 8-5-16

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Door Opens for Buyers

After a very active (to say the least) spring and summer, the door has now opened for buyers in our market.

Buyers who were frustrated during the first half of the year with low inventory and bidding wars now realize a better environment. It's time to step off the sidelines and take a fresh look at what the market has to offer.

The first piece of good news is that rates have dropped to near all-time lows. Rates today are 0.6% lower than they were on January 1st. What this means on a $400,000 home with a conventional loan is a monthly savings of $110!

The second piece of good news is that inventory levels are coming up. There are more homes on the market to pick from and lower demand because of seasonal slowing. Months of inventory in Larimer County markets have bounced up 20% to 33%.

Now is a great time for buyers to step through the door that is opening in the market!

Contact me to get the latest insights on our market. Our quarterly market report called "The Scoop" will help you see where the opportunities are in Northern Colorado. Contact me and I will send you a copy right away!