First things first, this is your last call to register for our Annual Forecast. If you want clarity on what is happening in the market, this is the event to attend. We will be live at 5:30 Thursday the 18th at the Marriott. RSVP to www.windermereforecast.com
Now, what’s going up? According to our Cheif Economist Matthew Gardner, interest rates. His prediction for 2018 is that rates will rise roughly 0.5% up to 4.4%.
That means a buyer’s purchasing power will go down by 5%. Even if prices didn’t increase at all, a buyer’s monthly payment would go up 5% because of a measly 1/2% increase in interest rate.
By Matthew’s own admission, rates have baffled forecasters for the last few years. Unusual forces have kept them artificially low for a sustained period of time. But even a small rate increase like Matthew predicts will have a big effect on potential buyers.
To hear our predictions for the 2018 market, join our live Market Forecast event on January 18th at the Marriott in Fort Collins. Back by popular demand is Windermere’s Chief Economist Matthew Gardner who will give you valuable and interesting insights into the real estate market. Reserve your spot at www.windermereforecast.com