Steamboat Springs Happenings

What To Expect from Mortgage Rates and Home Prices in 2025

By KCM Team
Posted by Inactive Alysa King on October 24, 2024 in  uncategorized
  Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices. Whether you're thinking of buying or selling, here’s a look at what the experts are saying and how it might impact your move. Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the... read more
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What To Expect as Appraisal Gaps Grow

Posted by Carrie Di Pilato on July 13, 2021 in  uncategorized
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.” While this is great news for today’s se... read more

What To Do with Your Vacation Home as Summer Ends

By KCM Team
Posted by Inactive Shanna Shepherd on August 30, 2021 in  uncategorized
As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1. Remote work continues to drive demand for vacatio... read more

What Record-Low Housing Inventory Means for You

Posted by Cassidy Jimerson on February 08, 2021 in  uncategorized
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low. The report explains: “... read more

What Past Recessions Tell Us About the Housing Market

By KCM Team
Posted by Inactive Shanna Shepherd on January 16, 2023 in  uncategorized
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: “Two-in-three economists are forecasting a recession in 2023 . . .” As talk about a p... read more

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