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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Median Price: Mid-Sized Houses Sales through MLS Systems Only: Excluding New Construction
From the Newsletter
A4HB Team

COVID-19, Home Prices & the Great Recession

COVID-19, Home Prices & the Great Recession There are many people concerned right now about the wisdom of buying a house with a pandemic-induced recession looming. It probably makes sense to hold off for a few weeks to see how things begin to shake out. However, there’s pretty reliable data from the Great Recession of 2006-2007 suggesting that the risks of buying a home in our area are relatively low. Mark Twain is reputed to have said that “history doesn’t repeat itself, but it rhymes.” The local impact of any COVID-19 recession is likely to “rhyme” with that of the

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A4HB clients at closing with masks on during COVID-19 pandemic
From the Newsletter
A4HB Team

Market Impact of COVID-19

Many of you are wondering what’s going to happen to the real estate market given the corona virus pandemic and its impact on the economy.  We’re just a few weeks into this, but the data below may provide some initial insight.  Effects on Showings First, as public concern with the virus and social distancing began to increase, the number of home showings in Colorado, and nationally, dropped dramatically, beginning March 11th and running through March 31st.  Nationally, this leveled out at about 50% of normal by March 31st, but in Colorado there was a second steep drop beginning April 6th, with showings

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