Buckley Space Force Base Community Real Estate & Relocation Information

🎃 October 2024 Market Update – Buyers, This is Your Time! 🎃

The Front Range market is shifting, and there are some serious treats for those looking to buy this fall! 🍁 Inventory has jumped by 21%, giving you more choices (3.6 months of inventory). Plus, we’re seeing prices ease up a bit—median closed prices are down 2.34%. Homes are lingering on the market longer too, with an average of 25 days, up 19% from earlier this year.

👻 For Buyers: This is a spook-tacular time to find your dream home with less competition and more negotiating power. Don’t wait for spring—now’s your chance to beat the holiday rush and lock in a slightly better mortgage rate before the market picks up again. 🏠✨

🕷️ For Sellers: Be strategic. Homes are still selling, but only if priced right and show-ready. Consider sweetening the deal with buyer concessions if needed. 💰🔑

If you're looking to make a move before the holidays, let’s chat and create a bewitching strategy tailored to your goals! 🍬🎃

https://www.tomjohnsonrealtor.com/blog/october-2024-real-estate-market-update-sweet-spot-buyers-colorados-front-range/

Especially, pay attention to the school zones that may not have been in effect for a while.

Back to School - Walking Safety Whether your child is doing virtual learning or in-person classes, they will be walking at some point and need to practice walking safety.

People with equity in their homes have more options and the good news is that historically, more people do have equity in their homes currently.

Mortgage Forbearance About 2/3 of the people who entered forbearance during the pandemic have exited the program but there are a little over two million homeowners remaining in forbearance.

Mortgage rates have been low for a long time but one day, we'll look back on these rates as something very special.

Mortgage Rates Rates inched up a bit this week, but 30-year fixed-rate mortgages are still below 3% and 15-year are still only slightly over 2%.