Is the front range buying partially due to families wanting to upgrade at these new lower prices or families wanting to lock in at these lower 30 year rates before inflation starts next year ?
Or something else ?
I think that the commercial real estate bubble will bust next year as their mortgages come due and as the economy dies along with businesses like Circuit City.
Do see it differently ?
Hi george76. The activity I’m seeing is due to typical mundane reasons. Job-related moves, first home buying by those trying to get established, lifestyle decisions, looking for rental income, etc. For example, we will be selling our home in Jeffco soon and downsizing. Our second home in Grand County will become our main home, and we’ll rent a small place in Jeffco for when I’m down visiting and working here (letting wife retire). I’ll watch the market for a while and buy when I see the perfect deal in Jeffco.