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Colorado Housing Forecast for 2019

Colorado Housing Forecast for 2019#1

Existing-home sales in Colorado rebounded strongly in March 2019; although sales are down year on year, signs of a robust spring are in the air. According to littlebighomes.com a publisher of real-estate market data in all fifty states the forecast for Colorado ending 3rd quarter 2019 is “UP”.

#2

According to the Colorado Association of Realtors, Colorado for-sale home inventory decreased 31.9 percent year on year in the month of April; but the number of new listings has increased 37.3 percent over this month last year.  

#3

The Current Median sales price for a typical house in the state of Colorado $379,300.00 up 5 percent from last year and Zillow predicts prices will rise another 2.9 percent in 2019.

#4

According to HUD in the calendar year 2018, FHA’s overall share of the mortgage market was about 17%. FHA closed out 2018 with just under 20% of the market share for loans.

#5

Today’s rate. Current rates in Colorado are 3.967% for a 30-year fixed, 3.424% for a 15-year fixed, and 3.526% for a 5/1 adjustable-rate mortgage (ARM).

#6

Freddie Mac predicts that total home sales will slowly regain momentum, eventually increasing to 6.09 million in 2019 and to 6.14 million in 2020.

#7

The Fannie Mae economic and strategic research group Group’s housing and mortgage finance forecast calls for total home sales in 2019 to be essentially flat from 2018

#8

According to data published by littlebighomes.com, Colorado real-estate has appreciated 56 percent over the last 5 years putting Colorado squarely in the 98th percentile for appreciation among all other states.

#9

According to Veros Real Estate Solutions, the state of Colorado will be a leader in real estate appreciation in 2019. In the most recent release of the US Housing Outlook Report Versos names the top 10 housing markets projected to appreciate by a staggering 6.5 to 9.5 percent. Colorado boasts as home to 2 out of the top 10 cities for appreciation in the country.

#10

According to Eric Fox VP of statistical and economic modeling at Veros, Colorado MSAs are a projected leader and he expects to see real estate values increase by 9percent or more through the end of the year.

#11

The 2 markets in Colorado with real estate values projected to exceed 6% appreciation are Boulder, and Grand Junction.

Live Colorado Mortgage Rates Jul, 21, Sun, 2019

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