Colorado Housing Market Predictions: Bubble, Bust or Boom

Colorado Housing Market Predictions: Bubble, Bust or Boom
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Colorado Housing Market Predictions: Bubble, Bust or Boom 
Barb, I know we have discussed the rise of home prices and the fear of another market bubble and the subsequent drop in home values.  What is your best prediction on where the market is heading into the future?
As a YouTuber, I watch a lot of content:
Some Say:  Doom and Gloom
Others Say: Market is Heading Up
Real Estate is VERY Local
What is the Truth?
We Happen to Live in a Place Where People are MOVING TO:
Markets are Subject to Supply and Demand.
Supply:
ELP, Teller + Elbert
600 SFA Homes
Last week: 653 SFA Homes
DEMAND:  More Annual Sales
DO HIGHER PRICES AFFECT SALES?
Interest Rates are Lower!
Low Interest Rates Makes Homes MORE AFFORDABLE Than They were in Last Decade: 2000-2009
AS A PERCENTAGE OF MEDIAN INCOME!
Per CEO of C21 on Fox Biz Maria Bareromo Show:
Executed Contracts Up by 4.2%
Median Price (nationwide) Up 12%+
Inventory Starting Up – only 1.2%
Goldman Sachs – Supply/Demand Favors Sellers
While the housing market has lost some steam in recent months, Goldman Sachs said, there’s still a supply and demand mismatch in the favor of sellers.
Housing Supply LOW
While the housing market has lost some steam in recent months, Goldman Sachs said, there’s still a supply and demand mismatch in the favor of sellers. 
What About Demographics?
Millennials: 90-Million Strong
Gen Z: Slightly Smaller
They are Looking to Own a Piece of the American Dream!
Start Building Wealth Through Home Ownerhship
Did You Know?
Millennials Will Not Reach Median Age for First Time Home Buyers for 4 Years! And…
They are:
Saving and Paying off Debt to Get Ready!
Building Supply NOT KEEPING UP!
Building at Slowest Pace Since 1995
2012-2020 – 12 Million New Households Formed
Same Time – Built on only 7 Million Homes!
Builders Would Need to Double the Pace to Supply These New Generations
The Number 1 Question from Home Seller is: How Much Money Can I Sell My Home For?
Most Sellers I interview want the MOST MONEY when they sell their homes.
It takes an experienced agent to know how to get the sellers the MOST money
You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, if you are interested in selling your and want to call Barb give her a call at 719 301 3900 
We are talking Barb about WHETHER THIS IS A REAL ESTATE BUBBLE, BUST OR BOOM…Barb what do all the statistics means to our sellers and buyers in the market?
If You Are a Home Seller:
Buyers Want the Best Buy
Let us Help You Get Your Home Ready to Receive TOP DOLLAR
Regardless of the Market:
Homes in Great Condition
Homes with Great Benefits
Homes that are Priced Right
WILL SELL FOR A PREMIUM
We Know How to Help you Get There! 
Call 719 301 3900
What If You are a Buyer in This Market?
Have Some Cash Reserves Set Aside for:
Appraisal Issues
Being Willing to Buy a Home As Is
Don’t Rely Just on ONE Website:
Large % of Homes Sold OFF MARKET
Focus on Your Payment – Not the Sticker Price!
We Give our VIP Buyers Insider Access to Homes They CANNOT FIND ON THE INTERNET
Call 719 301 3900
YEAR TO DATE AVERAGE SALE PRICE INCREASE:
Average Sales Price: 
$431,442 - $507,772 UP 17.7%  SFA
Average Sales Price: $280,500 - $331,252 UP 22.0%  TH/CONDO
# of Pending Sales Up by 22%
INVENTORY OF AVAILABLE HOMES KEEPS DROPPING!
Huge Inventory Drop from November to December:
From:  1048 Available SFA Homes in OCTOBER
600 Available SFA Homes!
43% DROP!!!
If you are thinking of making a move:
Now is A Great time to Sell and Buy
Sell – Top Dollar
Buy – with Low Interest Rates More Affordable as a Percentage of Income
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