Northern Colorado Real Estate Ramp Up

The Fort Collins real estate market has been on a ride in 2023. Scott and Ryan sit down and share stories from the trenches. This pod accompanies the release of our most recent market report, you can read it below The real estate market continues to adjust to the new normal of painfully high rates. The 30 year rate is now just under 8%. I remember a year ago I was dumbfounded to learn that rates had eclipsed the 7% mark.  That number felt impossible at the time. I remember thinking it must be a fluke. But here we are a year later and 7% seems like a bargain. The only thing more surprising than the sharp increase in rates is how stubborn the market has been to give up the massive price gains that occurred during the pandemic.   Some people say the lack of price correction is due to low inventory caused by the golden handcuffs, the phenomenon where people won’t list their homes because they don’t want to lose their low interest rate. But that is misleading.  While the golden handcuffs are keeping the number of