COLORADO SPRINGS“The statistics do not tell the entire story. We may show only a 1.1% drop in the median sales price for all properties, and a slight uptick in active properties, but the real
Dated: September 19 2019
Views: 838
The evening before the FED dropped the rate .25% an influx of money was pushed into the markets in the form of QE. This was because of a liquidity problem. Short term rates had jumped to 10% and the FED had to get it back down to 2%. Which they did buy dropping 53 Billion into the market on Tuesday night and 75 Billion(or so) Wednesday.
Why does this matter? Well, because we are in a "GREAT" economy and this shows signs that there are issues that everyone seems to be ignoring. The economy worldwide is softening. Central banks worldwide are also dropping interest rates and many economies are beginning to show serious signs of slowing down. Give Germany a call and ask how their recession is coming along.
So maybe it has not affected housing locally. And maybe it will not. But there is one thing everyone needs to know and that is the World is VERY connected and small things half a world away can ripple world economies quickly.
As we wrap up this blog is should be noted that housing along the Front Range continues to be solid and demand is good. Sellers have continued to enjoy a selling season and buyers got to compete again this Summer. I will keep you updated on World Events and financial information as I wade through it.
Patrick Muldoon
President
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
COLORADO SPRINGS“The statistics do not tell the entire story. We may show only a 1.1% drop in the median sales price for all properties, and a slight uptick in active properties, but the real
The housing market continued to plug along in July across the Pikes Peak Region, remaining essentially unchanged from last July in median price, sales, and active listings. Still, the market feels
COLORADO SPRINGS“We had a little bit of stabilization in May across the front range as sold listing increase 8% year over year, added slight value (0.8%) to the median sales price, and watched
“The Front Range market of El Paso County and Teller continues to drag. April saw a 1.8% increase in total units sold from last year, but we remained 6.3% higher on active listings and our