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Here are some of the big takeaways from our annual Market Forecast with Economist Matthew Gardner:
- Interest rates will continue to trend down during the year and reach 6.08% by the end of 2024.
- Home prices will have another year of modest gains increasing 2.0% to 2.5% in Northern Colorado
- 53% of homeowners in Larimer County and 38% of homeowners in Weld County are “Equity Rich” meaning that they have at least 50% equity in their homes.
- Inventory levels will increase in 2024 but will remain below normal which protects prices from any sort of major decline
To receive a copy of the full slide deck from the Forecast, feel free to reach out to us!
