May 23 (edited) โ€ข Daily Journal
๐—œ๐˜€ ๐—ข๐˜„๐—ป๐—ถ๐—ป๐—ด ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐——๐—ฟ๐—ฒ๐—ฎ๐—บ ๐—›๐—ผ๐—บ๐—ฒ ๐— ๐—ผ๐—ฟ๐—ฒ ๐——๐—ฟ๐—ฒ๐—ฎ๐—บ ๐—ง๐—ต๐—ฎ๐—ป ๐—ฅ๐—ฒ๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ง๐—ผ๐—ฑ๐—ฎ๐˜†? ๐Ÿ˜ณ
Found this interesting chart in my rambles today.
Rare to see inventory increasing like that here in my hometown of Boulder. From ~300 to 1,200 units.
Whatโ€™s that, about a 400% increase?
I like to follow three key indicators of future house pricing trends:
  • Affordability (wages to house prices)
  • Migration (in or out of area)
  • Trustee Sales (foreclosures)
So, how do we measure up here in the colorful state?
๐Ÿ‘‰ Right now, Colorado is one of the top five least affordable states in the U.S.
๐Ÿ‘‰ Itโ€™s currently losing population.
๐Ÿ‘‰And trustee sales are rising.
No wonder we see inventory rising and a more balanced market between buyers and sellers.
Not fire sale time, but portending lower prices. Not so great for sellers. But good news for buyers who can get the best rates.
What are you seeing in your area?
0
0 comments
Mike Connolly
3
๐—œ๐˜€ ๐—ข๐˜„๐—ป๐—ถ๐—ป๐—ด ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐——๐—ฟ๐—ฒ๐—ฎ๐—บ ๐—›๐—ผ๐—บ๐—ฒ ๐— ๐—ผ๐—ฟ๐—ฒ ๐——๐—ฟ๐—ฒ๐—ฎ๐—บ ๐—ง๐—ต๐—ฎ๐—ป ๐—ฅ๐—ฒ๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ง๐—ผ๐—ฑ๐—ฎ๐˜†? ๐Ÿ˜ณ
powered by
Real Estate Investing Success!
skool.com/realfreeco-3644
Learn how to create profitable deals like clockwork. Clear frameworks. Real numbers. No hype.
Build your own community
Bring people together around your passion and get paid.
Powered by