Why To Buy Now in Steamboat Springs, Colorado

Why to Buy Now in Steamboat Springs
As you know, it is difficult to predict when interest rates will rise but what we are experiencing now are lower interest rates than in the last 30 years. From the early 80's to the early 90's rates gradually fell from the 13% mark to 7.39%. All through the 90's there was not much of a change. In 2002 there was a drop and also a drop in Steamboat housing prices. When Steamboat was at the height of selling properties, and the prices were unnaturally elevated due to speculation & supply and demand after Intrawest bought the ski mountain, the rates were still only in the mid 6 range. Now we see prices on property here as low as they have been in over 6 years and interest rates are lower than in 30 years. If you have the means there are two really good reason to purchase now - low prices (especially with all the short sales and foreclosures) and low interest rates. Best of luck to you...Michelle Diehl - Broker - Prudential Steamboat Realty - 970.846.1086