Opportunity Time~ Mortgage Rates Go Downwards
Last week's jobs report showed unemployment at a 4-year high, signaling a cooling economy and reducing inflation fears. Mortgage rates are already reacting, and we’re likely heading into a lower-rate environment—a huge opportunity for buyers. Rates have already officially hit new 11-month lows. Investors expect multiple interest rate cuts this year after the nonfarm payrolls report on Friday.
We are looking for Buyer Activity to pick up again.
Further Opportunity for the end or This Year; Inventory has lost 114 homes in the last two weeks. Fewer Homes on the Market and Lower Interest Rates mean this could be the best time in the last year to get your home sold.
MLS the Last 7 Days~ New Inventory Slows Further
Price Decrease (94)
Price Increase (2)
New Listing (25)
Back On Market (10)
Pending (66)
Sold (40)
Withdrawn (14)
Expired (21)
Why a Local Pro Matters More Than Ever
*Seventeen years ago, in 2006 we bought our wonderful ski vacation home in Breckenridge. Our buyer's agent at the time was Tom Driemeyer. He helped us navigate the process of finding the perfect home....We asked Tom Driemeyer to flip the coin to represent us as our seller's agent to find new owners for our beautiful home. Literally less than 24 hours passed, and we had multiple full-price offers on our home (with one offer above our asking price). Tom did an excellent job marketing our home and pricing it right to find an eager audience of potential buyers. Hiring Him Twice Was the Right Decision. We would recommend Tom without reservation.* Paul King~ Breckenridge Seller