Denver Area House Prices Projected to Increase
If you are looking for a Home in The Denver Area you will notice that Real Estate Values are going up and going up fast! Colorado Realtors state that the average home went up in value close to 16.2% in the first quarter.
NOW interest rates are going up and the rates are now over 4% making it the time to sell. I expect many home buyers will flood the market buying home in fear that the home price and house values will both increase making it harder to get the home you want for the price that works.
Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year.