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Jim Garcia
Realtor,  Douglas County CO Real Estate
4833 Front St,  # 127
Castle Rock,  Colorado  80104
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"New construction continues in Colorado, but that also brings increased inventory which is driving down the price of housing and increasing the time to sell. In the South Denver metro area houses take an additional 30+ days to go Under Contract compared to last year due to the increased inventory."    View Comment
"If the Feds lower interest rates, that should lower the 10 year bond rate, and in turn lower mortgage interest rates. Given those factors that may boost the housing market."    View Comment
"The 10 year bond rate continues to fall, which lowers overall interest rates. That is a good thing for home buyers and may indicate a surge going into the last 2 quarters of 2019."    View Comment
"It has been about 10 months since I originally wrote this question. The Feds have now raised interest rates 4 times between 1/2017 and 8/2018. They are expected to raise rates at least one more time. Housing prices keep rising, but inventory levels are now at a 4 year high in the Denver metro area. New home builder units in Castle Rock and Douglas County CO overall continue to increase. Do you think the rising rates, rising prices, or something else is causing increased inventory levels?"    View Comment
"It will be interesting to see how an increase interest rates affect residential home prices in Castle Rock, CO. They have risen steadily since 2011, a strong 7 year run to the point that first time Buyers are barley able to afford the monthly payments, especially FHA & VA Buyers. If rates increase, will the Buying public absorb the increase or will sale prices get pushed down, so payments stay high but not unmanageable? It will be interesting to watch. great article. Thanks,"    View Comment
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