We're in a Recession
After 128 months of economic expansion, we now face a recession--not caused by a housing crisis, but by a pandemic. So should you buy or sell a home now? The short answer is yes.
In order to shore up the economy, the Fed has kept interest rates at all-time lows. So long as your credit is good, you have a down payment, your employment is secure and you plan to stay put for at least 5 years, this is an opportune time to buy an asset that not only provides shelter, but will increase in value over time.
If you are considering selling, the limited inventory of homes available compared to the demand from families moving to the Denver area (and the foothills) works to your advantage because demand exceeds supply. While you’ll have to navigate a lower selection of homes to buy after you sell, if you’re moving up you may be in luck as starter homes are in higher demand than higher-priced homes.
COVID has changed the way homes are marketed, shown and sold, so the advice of an experienced, trusted Realtor is more important now than ever before. Contact Tupper’s Team to get answers to your questions and to make your move with confidence.