A4HB Homebuyer's Blog

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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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It’s a Good Time to Purchase an Investment Property

It’s a Good Time to Purchase an Investment Property Millennials are Waiting Longer to Buy In July 2016, U.S. homeownership rates hit their lowest percentage on record at 62.9%. What is the major cause of this trend? The dip in homeownership is most likely due to millennials waiting longer than ever to purchase their first home. Factors that influence the home buying decisions of the younger demographic are increased student debt, delayed marriage, and waiting to have children. As a natural result, this has impacted rent and vacancy numbers across the state. According to the Colorado Department of Local Affairs,

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