Mlb Mvp 2011 Predictions
The New Year’s Real Estate Outlook
This past year has been an interesting time for both the local and national housing markets. A sampling of occurrences in the housing market include: homebuyer tax credits, rock-bottom interest rates, many foreclosures and short sales, home values struggling to recover and the list goes on. Since we have been asked numerous times about our thoughts for the Denver real estate market in 2011, we thought we would share our forecast with you.
Interest Rates: We saw notably low interest rates in 2010 – rates so low that we may never witness them again in our lifetimes. Where are interest rates headed for 2011? While it is hard to predict, we expect low interest rates to stick around for the first two quarters of 2011. Most real estate experts expect interest rates to increase in the second half of 2011.
Home Prices: Home prices continued to recover in most Denver neighborhoods in 2010 and housing inventory has fallen. Unfortunately, this statistic was mainly due to artificial market stimulation from federal housing credits. We expect next year to bring real buyer demand from improvements in the labor market, along with the low interest rates through Q1 and Q2. We hope this demand will result in solid home value appreciation through the second half of the year.
Housing Inventory: The good news is that the inventory of homes for sale has decreased in 2010, which is good news for sellers. A lower inventory of homes on the market means that prices will remain stable, or even increase, since there are fewer homes on the market to compete with each other. If you are planning on selling your Denver home soon, you will want to get it on the market as soon as possible while there are less homes on the market to compete with yours
What does all of this mean for Denver homebuyers? Now is a great time to consider investing in a Denver property. Take advantage of the rock-bottom interest rates, and the ample selection of homes for sale before they are gone forever. This is a once-in-a-lifetime opportunity from homebuyers and we would hate for you to miss out on this opportunity. Interest rates are already increasing, so it is time to act. If you don’t, you will regret it in a few years or decades.
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The Crystal Ball: Major League Baseball 2011 Predictions & NASCAR Martinsville Picks (3/30/11)