The January Producer Price Index inflation report released in February effectively eliminated the Federal Reserve from beginning the decline of banking rates this spring, which caused a market reaction that drove mortgage rates higher.
This upward movement of mortgage rates has tempered buyer activity year to date, but we still see real estate prices rising on healthy demand. But the market is finicky right now, with some areas red hot and other areas unpredictably slow. We call this hyper-local real estate and as a buyer or seller, it is important to understand.
Many households may soon have a decision to make if prices continue to rise. Get a second job, or change lifestyle. Credit card debt in America now stands at $1.1 trillion with an average interest rate of 24% and auto loan debt is now $1.6 trillion with defaults and late payments on the rise. This may drive change to the housing market as some homeowners may choose to sell in order to payoff debts from past spending habits.
SHOW NOTES:
Visit us online coloradohomerealty.com
Looking to buy or sell a home and want some in-depth resources to understand the process and set bold expectations?:
BUYERS https://coloradohomerealty.com/buying-a-home/
SELLERS https://coloradohomerealty.com/selling-your-home/
SAY HELLO!
Instagram
Facebook
Linkedin
Youtube
Email: hello@coloradohomerealty.com
Popular Podcasts
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!
Fudd Around And Find Out
UConn basketball star Azzi Fudd brings her championship swag to iHeart Women’s Sports with Fudd Around and Find Out, a weekly podcast that takes fans along for the ride as Azzi spends her final year of college trying to reclaim the National Championship and prepare to be a first round WNBA draft pick. Ever wonder what it’s like to be a world-class athlete in the public spotlight while still managing schoolwork, friendships and family time? It’s time to Fudd Around and Find Out!