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. Unfortunately, inflation has remained strong in the first part of 2024 which makes these interest rate drops look like they will happen later in the year.

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 limited which will surely cause home prices to increase. That means that the break in mortgage interest rates will be lost in increase competition and rising home prices. So affordability will still be an issue for most home buyers.

Are you thinking about buying a home in Loveland, Colorado or maybe you’re thinking of selling a home in 2024? Let’s talk about it. Reach out to me on my contact page or text me at 970-203-5066.