Here's what's going on this week in Steamboat Springs: Thanks Chamber!!
Steamboat Weekly Events
August 14, 2019 – August 20, 2019
Wednesday, August 14:
9 a.m. – Noon, Social Gardening, Yampa River Botanic Park 9 – 11 a.m. Mineral Springs Tour, Depot Art Center 10 – 11 a.m. Pearl Lake Walking Tour, for info: 970-8793922 10 – 11:30 a.m. Guided Walking Tour, Yampa River Botanical Park 11:15 a.m. – 1:30 p.m. Guided Gourmet Lunch Hike – Welc... read more
Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for homeowners.
1. Move-Up Opportunity
With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from Cor... read more
Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.
Here are the results from the Q2 2019 Survey:
Home values will appreciate by 4.1% in 2019
The average annual appreciation will be 3.2% over the next 5 years
The cumulative appreciation will be 16.8% by 2023
Even experts representing the most “bearish” quartile of the survey project ... read more
The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.
There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.
Here is a look at what a few industry experts have to say:
Lawrence Yun, ... read more
From Keeping Current Matters
Interest rates are projected to increase steadily heading into 2020.
The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.
Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!
... read more