The April Jobs Report showed the lowest unemployment rate in a decade at 4.4 percent, with an estimated 211,000 jobs created. While other economic indicators over the last month have been mixed, the Federal Reserve expects a moderate pace of economic activity expansion. This keeps the Fed on track for an expected second mortgage rate increase in 2017.
Freddie Mac says mortgage rates are currently hovering around 4 percent, up just under half a point from this time last year.
There are about 20 percent fewer active listings in Summit County and 23 percent fewer in Breckenridge compared to this date in 2016; however, the number of closed sales are up - in both greater Summit County and Breckenridge viewed as a stand-alone market.