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Steamboat Blog

Category: Interest Rates

Is it Time to Buy a Home in Steamboat Springs?

Is it Time to Buy a Home?   Yes. Yes. Yes. The real estate market in Steamboat Springs is improving . . . rapidly. Today just might the best time to invest in real estate in a long time. Prices of Steamboat Springs real estate is down. Interest rates are at a new lows....
Posted in:
Buyers, Housing Market, Interest Rates, Sellers

Loan limits Extended- Jumbo mess averted . . .

Loan limits Extended- Jumbo mess averted Jumbo loans, those in excess of 417,000 (in most of the country) currently make up about 5% of the mortgage market. But here in Steamboat Springs where prices of real estate are much higher, the amount of jumbo loans is much higher too....
Posted in:
Buyers, Interest Rates

Pending Sales Increase in Steamboat Springs Real Estate

Pending Sales Increase in Steamboat Springs Real Estate Two months ago, when the April tax refund credit expired, we saw a lull in pending properties. That was a natural occurrence. Real estate sales are somewhat predictable and cyclical. More people want to buy in spring and...
Posted in:
Buyers, Housing Market, Interest Rates, Real Estate, Sellers, Steamboat Market Reports

Real Estate Interest Rates Drop

Real Estate Interest Rates Drop It's not just about the prices of Steamboat real estate that determines affordability of buying a Steamboat home. Interests rates matter a lot when buying a home. Lower rates means you can afford a better home. A year ago we were saying that interest...
Posted in:
Housing Market, Interest Rates

Stunning article about Real Estate in The Economist

Stunning article about Real Estate in The Economist I’m a realist 1st. An optimist 2nd. A pessimist 3rd. This is clearly rooted in my 3rd. I feel it does affect Steamboat’s real estate, but not as much as other parts of the country. Click here to view The Economist article Double-dip...
Posted in:
Buyers, Housing Market, Interest Rates

Real Estate Interests Rates Hit a 40 Year Low

Real Estate Interests Rates Hit a 40 Year Low With the federal stimulus tax credits expiring and the seemingly endless foreclosure notices, it's a good thing banks are keeping rates low. 30 year rates at 4.5%. This might also fuel more refinances which is some stimulus for...
Posted in:
Housing Market, Interest Rates

What $2,000 a Month Buys you in Real Estate

Buying real estate is not just about the price of a home. Most of the time people borrow a lot of money when buying real estate. And the interest rate on that loan can make a huge difference on how much home one can purchase. For more on this topic or questions regarding real...
Posted in:
Buyers, Housing Market, Interest Rates
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