Some experts are predicting this is the last year bargain hunters can take advantage of low home pricing. According to a recent CNN Money article, pricing is down 34% at a national level, but experts are saying it won’t stay this way for long. A decline in foreclosures and continued job growth will help bolster the economy further, and will ultimately begin to drive up home prices. Low mortgage rates won’t stay this way forever either – as the economy recovers, rates will increase. The housing market may begin to turn if home prices flatten out by the third quarter of this year, and could start climbing in 2013. The window of opportunity is open now. This is the summer to buy real estate.
Pricing has stabilized in Breckenridge with sales trending upward last year. A low foreclosure rate has set our market apart from the region and nation. Inventory is down, thus creating more demand for the homes currently for sale. Mortgage rates have again dropped and couldn’t be better. It is the perfect buying climate. If you’re considering a home in the mountains, talk to our team today and learn about local real estate opportunities in our community. Breckenridge Associates Real Estate – World Class Service. Home Town Team.
Sources: Money.CNN.com “Buying A Home Won’t Get Much Cheaper”, May 3, 2012; Summit County MLS, April 2012; Stewart Title Company, March 2012
Please contact us to learn more about real estate in Breckenridge, Summit and Park County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate. Posted by Breckenridge Associates Real Estate on
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