A roundup of the latest real estate news from the Rocky Mountain Home Team:
Lawrence Yun, NAR Chief Economist on the 4.6 percent jump in Pending Home Sales nationwide:
“Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.”
(Of course, in Eagle County, we’re not quite seeing the same boost in inventory.)
Weekly mortgage applications jump 5.3 percent, as low rates seem here to stay:
The average rate on the 30 year mortgage ran above 5 percent at the start of November but began falling in December and has now sat in the same narrow range for several weeks. With the spring buying season just getting started, house hunters may be reacting to lower rates, even as prices are still historically high.
Townhouses are increasingly the place to call home
“Townhouse construction tends to be a little smaller and more entry-level-market and more dense. We see this as a great growth potential for the home-building market.”
(Looking for an entry-level home for sale in Eagle County? The Rocky Mountain Home Team can help! Call or email for information on the Residences at Fox Hollow coming to Edwards this fall.)
What’s New in Eagle County
Organizers of the GoPro Mountain Games announced Wednesday night that Citizen Cope will headline the free evening concert series at the Gerald R. Ford Amphitheater in Vail as part of the GoPro Mountains of Music.
Finally, if you live in Eagle County – whether you rent or own – please take a moment to read this important column from the Eagle River Water and Sanitation District.
RMHT Listing: Metcalf Lofts I26
Bright, open loft-style condo with big mountain views, ample storage space and single car garage. Close to downtown Avon for dining, shopping and nightlife. Minutes to world class skiing in Beaver Creek and Vail resorts. Be sure to check out the Rocky Mountain Home Team listing at Metcalf Lofts I26.
Michael Routh and the Rocky Mountain Home Team have over 30 years of combined real estate experience. We can help you find a property to fit your real estate needs. Contact us today for more information on buying a home in Eagle County or to start your Vail Valley property search.