Pagosa Springs Realtors, Homes for Sale
Onward & Upward
With 2021 just around the bend, what’s in store for housing markets? 2020 was a unique year for a lot of reasons, and many people are ready to say good riddance. Onward to greener pastures!
Real estate markets around the nation remained competitive throughout the year, breaking records left and right. Mortgage rates hovered around the lowest rates seen in a long time. This was added fuel to the hot housing market of 2020.
Starting Hot with Supply Catching Up
Economists foresee next year to remain competitive in terms of available homes for sale to the larger number of prospective home-owners. At least, for the first part of 2021. There appears a good chance for total housing inventory to reach a bit closer to a leveling point later on in the year. Lending rates may begin to rise at that point too.
It’s well agreed upon that Millenials will drive demand, as this largest generation ever continues to seek a home of their own.
At Pagosa Brokers Real Estate, we are tracking real estate trends to share with you. We want to help you navigate this evolving market.
Our Brokerage firm has friendly knowledgeable agents, and Southwest Colorado realty experience spanning decades. In Pagosa Springs, Colorado, count on Pagosa Brokers Real Estate. We’d be happy to help guide you through the stages of home buying and selling!
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