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Home Prices Way Up, but Interest Rates Keep Costs Down

Home Prices Way Up, but Interest Rates Keep Costs Down Home prices have increased dramatically in Boulder County and the Denver Metro area over the past 10 to 20 years, but lower mortgage interest rates have limited increases in housing costs for most home buyers. For the lucky few who can pay cash for their home, home prices and buying costs are essentially the same. But for most home buyers, the interest rate on their home loan has a big impact on buying costs.Check out the chart below and you’ll see that the median price for what we call a midsize home in Boulder

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From the Newsletter
A4HB Team

What Time of Year Do Prices Increase?

What Time of Year Do Prices Increase? by Norris Minick Prices Increase More in the First Half When people hear that house prices are going up 12% a year, it sounds like they are going up 1% a month over the entire year. However, that’s not really how it works. In a market where prices are surging, nearly all the price increase occurs between January and June. So, when we have a 10% price increase, a house that sold for $500,000 house in January would sell for $550,000 by the end of June. For clients who are starting their house

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