While many of us thought interest rates could not go any lower, yesterday I saw reports of 30 Year Loans under 4%. For every 1% point drop in interest rates, that equates to about a 10% drop in the price of a property. If you were to find the right place for you soon, you could be in there by Christmas to enjoy the holidays with the entire family. Why wait any longer?
On another note, today is Opening Day at Copper Mountain & Keystone. Copper is reporting a 22" base, while Keystone is starting with an 18" base. Arapahoe Basin is opening more and more terrain, and a client of mine was at Loveland the other day and said he could not believe how good the snow conditions were.
While it has been "Spring Like" weather the past few weeks, evening temperatures have been low enough for the snow making guns to be making snow full bore. Looking up at the Breckenridge Ski Resort ski runs, they are looking great. With Breckenridge opening next Friday the 13th, and snow predicted for a good part of next week, you should make your plans to take a few runs and then look at some of the opportunities for your mountain retreat or rental property.
"Think Snow", the season is pretty much here.
Dan Corwin, GRI, CNE
Breckenridge Associates Real Estate
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