May 23 (edited) • Daily Journal
𝗜𝘀 𝗢𝘄𝗻𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗗𝗿𝗲𝗮𝗺 𝗛𝗼𝗺𝗲 𝗠𝗼𝗿𝗲 𝗗𝗿𝗲𝗮𝗺 𝗧𝗵𝗮𝗻 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 𝗧𝗼𝗱𝗮𝘆? 😳
Found this interesting chart in my rambles today.
Rare to see inventory increasing like that here in my hometown of Boulder. From ~300 to 1,200 units.
What’s that, about a 400% increase?
I like to follow three key indicators of future house pricing trends:
- Affordability (wages to house prices)
- Migration (in or out of area)
- Trustee Sales (foreclosures)
So, how do we measure up here in the colorful state?
👉 Right now, Colorado is one of the top five least affordable states in the U.S.
👉 It’s currently losing population.
👉And trustee sales are rising.
No wonder we see inventory rising and a more balanced market between buyers and sellers.
Not fire sale time, but portending lower prices. Not so great for sellers. But good news for buyers who can get the best rates.
What are you seeing in your area?
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𝗜𝘀 𝗢𝘄𝗻𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗗𝗿𝗲𝗮𝗺 𝗛𝗼𝗺𝗲 𝗠𝗼𝗿𝗲 𝗗𝗿𝗲𝗮𝗺 𝗧𝗵𝗮𝗻 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 𝗧𝗼𝗱𝗮𝘆? 😳
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