Breckenridge and Summit County Statistics for August 2018
Posted by Breckenridge Associates Real Estate on
The economy has come roaring back from the recession of 2008. We are seeing this strength in all sectors, and housing in Summit County is no exception. While we have yet to hit every peak of the pre-2008 summit County real estate records, we are pushing towards those numbers for the first time in a decade. This is remarkable as inventory remains at a record low and days on market are head-whippingly fast. While most economic forecasters expect the Fed to raise the rates two more time this year, in September and December, there is a rift on predictions for 2019.
A bump in the Fed rate can mean a bump in mortgage costs, making home purchases more expensive. Tracking the cost of borrowed money and staying in front of increases is a good way to help manage…
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The latest gift of open space arrives through the hard work of many committed people, who tirelessly work to increase this bounty, to blaze public/private solutions to creating and protecting open space and…
Recently, the days have even started to smell different. First the nights get colder. The light softens from the brilliance of summer. The tundra changes into her fall colors first up there above tree line where the weather is more extreme. Then come the first hits of the golden magic that marks the aspens changing. The nights get colder, the light even softer, and the aspen leaves brighter. Soon enough we'll wake to the first dusting of snow on the peaks, with a blaze of golden aspen meadow below. The heat in your home kicks on for the first time. More seasonal people arrive to town, energy running high with expectations of a big winter. Passes are purchased, gear is prepared, roommates gathered, wood chopped, split and stacked. The first whiffs of your…