During their March meeting, the Fed raised its economic growth forecast to 2.7%, up from 2.5% in December, and there remains the possibility that the rate hikes for 2018 may happen at a more aggressive pace than originally thought at the start of the year.
Whether it’s the healthy economy, the possibility of higher mortgage rates in the near future, or just the General Awesomeness (that is a technical term for ski country housing, FYI) of Summit County, Colorado, the real estate market continues to hum. Like a jet engine.
So far in 2018, 209 condos have sold in Summit County, at a 13.415 appreciation over 2017 numbers. Those condos are selling at an average price of $484,000 and at a ratio of 98% sales price to list price. In 2018, one needs to be…
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