The Two Big Issues the Housing Market’s Facing Right Now in Colorado

So, the housing market is in a bit of a pickle right now. The main issue is that there aren't many homes for sale, which is making it tough for people who want to buy. According to Mark Fleming, Chief Economist at First American, there are two reasons for this. Firstly, lots of homeowners are locked into their current mortgage rates, which are way lower than the rates on offer for new buyers. So, they're not keen to move and pay more each month. Secondly, some people are scared they won't find a new place to live if they sell their current home. This fear is putting them off selling altogether, which isn't helping matters.

But, if you're someone who's thinking about selling your house, don't worry! There are still plenty of good reasons to go ahead with it. For one thing, the market is in a really good place right now. And, if you work with a local real estate expert, they can help you figure out how to make the most of your current equity. This could be a major game-changer when it comes to buying your next home. So, if you're on the fence about selling, don't be afraid to explore your options. With some help and a bit of luck, you could be moving into your dream home before you know it!

https://coreyfrith.exprealty.com/blog/161299/The+Two+Big+Issues+the+Housing+Market%E2%80%99s+Facing+Right+Now.
@NorthernColoradoRealEstate
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