Historically low interest rates will likely lead to sustained home-price gains, according to CoreLogic, a provider of consumer and financial analytics.
Projections indicate that home prices will increase by 5.8 percent through around this time next year, outpacing the growth of 2019 by about 2 percentage points.
With rates floating below 4 percent for the first time since around World War II, alongside low unemployment rates (also below 4 percent), people in Fort Collins and across the state are in a great position to take advantage of this real estate climate.
And these conditions are expected to resume through 2020, according to CoreLogic.
As you consider buying a home, we urge you to consider our services at Element Mortgage.
The benefit of working with us is that we know the area. We live here and lend here. Our local presence and knowledge have made us the leading mortgage lender in the area.
And above all, we promise to be here no matter your need. Whether you’re a first-time buyer, or you’re thinking about refinancing your home, we’re excited for you to take advantage of today’s rates. Because now might be the time to make the most out of this window of opportunity in the market.