Interest Rate Hike & Colorado Springs Housing Market Interest Rates Going Up Today Janet Yellen, head of the Federal Reserve, announced a series of upcoming 0.25 percent rate hikes. As interest rates go up 1 percent, homebuyers will be able to afford less of a house, 11 percent less. So if buyers can qualify for a $300,000 home today, after a 1 percent interest rate hike, these same buyers qualify for a home priced at $267,000. This news will undoubtedly keep the Pikes Peak Regional Housing Market … [Read more...]
Why Hire Colorado Springs Real Estate Agent vs. Going Alone?
Why Hire Colorado Springs Real Estate Agent vs. Going Alone? Here are a lots of reasons why you will benefit from hiring a Colorado Springs real estate agent to assist in purchasing a new home. Think twice about buying a home without an agent – or selling your current home in El Paso County. While some buyers and sellers do manage the process without representation, others aren’t so fortunate. Top notch Realtors provide know-how, screening, guidance, protection, negation skills, understanding legalese, … [Read more...]