A recent affordability report from the Commonsense Institute highlights a pressing need for between 16,000 and 27,000 homes in Colorado Springs.
To keep up with the anticipated population growth over the next four years, the city may require as many as 43,000 new homes.
Nationally, in 2023 and 2024, about 2.5 million potential home sellers postponed their plans—almost half the typical annual volume of 5 million transactions. This is significant, especially as we look ahead.
My prediction? After the upcoming election, many of these sellers will likely return to the market, seizing opportunities from potentially lower interest rates and ready to embark on their next chapters.
Thinking about your next move? Get ahead of the curve— Contact Me Today for a free home valuation and discover how your home can benefit in this evolving market!
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