After a slower-than-average summer homebuying season, Colorado realtors hope this week’s interest rate cut will motivate potential homebuyers to seek their dream homes.
Statewide, the $584,000 median price tag for a single-family home is up 0.7% from $580,000 a year ago. Meanwhile, condo-townhome pricing fell nearly 6% from a year ago to $405,000 from $430,000.The percent of list price received was 98.6%, down from 99% last year. On Wednesday, the Federal Reserve cut interest rates by a half percentage point after a year of keeping borrowing costs at their highest level in more than two decades. This is the first time the Fed has cut interest rates since 2020.
Long before claims of Aurora gang takeover, apartment owners came under fire from inspectors and residents