“The obvious side effect of COVID was that people would keep properties off the market. In the Pikes Peak region we saw a decrease on active listings of 12.4 percent for single
What Is Up With The Future?
Last week continued to be up and down with the stock market. We did end up pretty flat. We were not as robust on jobs or unemployment as everyone thought. Which led to interest rates staying low.
Some of the stats I found most interesting though was that credit card delinquency was rising and car loan delinquency was also rising. Then toss in student loan debt on the rise with delinquencies and you seem to be looking at some troubled waters ahead. But it is not affecting housing, yet.
Colorado Springs and Pueblo has increased prices for homes again for the month of May. And both had low days on market and low inventory to choose from. Housing along the Front Range continues to be hard to get for buyers and easy to offload for sellers.
Let's continue to watch this together. But we are in uncharted territory in many ways. We have printed a lot of money and kept interest rates down for a long time. When we did raise them it really affected the economy in a negative way.
Signing off for now but I ready to see what this week brings us.
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....