The July market stats are out, and our roundtable panel is back to discuss what they mean. Across Denver, Colorado Springs, and Pueblo we’re seeing seasonality return to the market. After a couple of years where there was consistently low inventory and buyers had to make multiple, above-list offers, they finally have some breathing room. They can look at a few houses, take some time to make a decision, and then submit an offer.
With interest rates bumping would-be buyers back into the rental pool, investors have a unique opportunity to keep buying property and take advantage of rising rents and an increased demand.
To hear the full discussion with Envision Advisors agents Jenny Bayless and Preston Newberry, lenders Joe Massey of Castle & Cooke Mortgage, and Travis Sperr of Renovo Financial, and me, listen to the podcast or watch the YouTube video.
Inventories are up a lot from last year, which is wonderful to see.
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing Trends Colorado Springs Housing Trends Get Started Building Your Own Denver or Colorado Springs Rental Property PortfolioIf you have questions about your strategy in a shifting market or want help investing in rental properties, reach out to us. We want to help you navigate the market to find the right strategy to achieve your goals.
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