Last week Windermere’s Cheif Economist Matthew Gardner joined us for our annual Market Forecast events in Colorado. We were pleased to host over 500 customers at two events in Denver and Fort Collins.
Here are some of the big takeaways that we shared:
Interest rates will increase to 4.6% by the end of the year
First-time buyers are back and will make up 47% of all buyers in 2017
Inventory will remain at record lows and will continue to drive up prices
Appreciation is expected to be between 9% and 7% accross our Front Range markets
Home builders will get creative in order to hit lower price points – we will see more “tiny homes” and more homes without basements
Click HERE to see Matthew Gardner’s infographic on the 2017 Forecast.
To receive a copy of the entire Forecast presentation full of interesting facts and incredible takeaways about our market, email me at phunter@windermere.com and I will send you copy right away.
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