Here is your Real Estate Market Upate for Loveland, Colorado! Are you wondering what 2024 has in store for the Northern Colorado Real Estate Market? Watch this video to see the most recent real estate market data from December 2023 then we’ll talk about what people wanting to buy a home or sell a home in Loveland, CO should expect in the new year.
As described in the video above, the mortgage interest rates dropped almost 1.5% at the end of December and the Fed has said that they expect to lower rates 3 or 4 times in 2024. With that news, the real estate market is heating up. Already in the first week of January, I’m getting calls from new home buyers who are serious about getting into the market. I expect demand to increase in 2024 and while I’m hoping inventory loosens up, I know it will still be limitied which will surely cause home prices to increase. That means that the break in mortgage interest rates will be lost in increase compitition and rising home prices. So affordability will still be an issue for most home buyers.