Fall is here! We’ve had our first snow in the mountains, and at least one or two ski mountains have carried some visitors to the top for a run. The leaves have changed, and now they are carpeting the streets with golden and red. and yellow medallions. It’s an exciting season.

Everyone is asking me, What’s Next? I have an opinion for you. Let’s start at the top. The US has an ocean of debt. These high rates are making that debt very expensive. If somehow, the FED is able to reduce the rates, then foreign monies might search for other investments rather than US Dollars. It is the proverbial “Catch-22”. The high rates sell dollars, but it also increases the cost of being a debtor.

Next, in one week, we will vote for a new president. The mainstream media would have you believe we are more divided than ever. We sell and list houses for all types of people. Every one of them has concern for the same things. Safe streets, good schools, employment, and access to the things of daily life. These likes concern everyone. In national rankings, when media outlets are ranked below Congress, we are all fighting for the truth. We are all finding our own source, and this may be where the “divide” originates. Who knows, but next week, we will have another seasonal change.

Buyers and Sellers continue to have the same questions. Should I wait until spring? “Rates will be better, supply will be better,” We don’t know that. I can tell you from a historical perspective that over the last 10 years, we have had voracious spring marketing numbers. But, we have had fall seasons with very low inventory, where buyers and sellers have done very well. Thus, the conundrum we discussed in our newsletter last week.

Let’s not dwell on the unknown anymore this morning and look at last weeks MLS numbers for the 11 counties making up the Denver Market Watch.

Let’s jump ahead to the Total Active Listings over the last 10 years. How does this market look in comparison?

We can see the Total Active Listings leveling off for the holidays. It will be interesting to see the results of this election, what it does to rates, how it affects buyer and seller optimism, and last but not least, how it will affect Colorado and, more specifically, the Denver Metro Area. By following us on a weekly basis by subscribing to MyTownCryer, almost every tuesday morning you will get our answers to your questoins.

Please keep in touch at TheCryerTeam@Kentwood.com

“Overpricing today is a stale listing tomorrow.”