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A recession seems to be looming and it’s long shadow has reached the housing market. Higher interest rates, potential job cuts and our normal seasonal slow-down are all coming together at the same time to cast uncertainty on buyer activity resulting in a drop in pending transactions and closed sales. Join us on this episode as co-hosts Anthony Meisner & Jim Merrion analyze all of the market trends and illustrate why this drop in activity will be a short-lived bump in the road. We are approaching what many would consider “market normalization” and are seeing trend lines begin heading back to the normal, historic levels. The doom and gloom the major media headlines are broadcasting now are very suspect, based on market fundamentals. We will see home sale activity continue to reduce for the next few months until it settles into the rhythm we consider a more healthy, normal rate. Anthony Meisner, Stats Guru with Land Title Guarantee Company and Jim Merrion, Realtor with Coldwell Banker discuss the Colorado Front Range Real Estate market’s big trends and what the future holds. Check out our market update to learn more!
