Rising Rates Not Slowing Buyer Demand for Homes in Denver

Rising Rates Not Slowing Buyer Demand for Homes in Denver

Denver Real Estate Market Snapshot - May 2018
Rising interest rates along with the Federal Reserves recent rate hike announcements should help cool Denver’s crazy housing market, right? In reality it’s actually tightening it up a bit. Buyers are starting to feel pressure on their budget not just from rising home prices but now increasing interest rates are reducing their buying power. Month’s of inventory keeps decreasing as consumption keeps increasing. We suppose the old saying, “get em’ while they’re hot!” applies this summer.

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