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Rising Interest Rates Push Potential Home Buyers Out Of The Market In Colorado
18 days ago - By Bésame
FORT COLLINS, Colo. - As the Federal Reserve continues to combat record-breaking inflation through steady increases of interest rates, many Coloradans are now being forced to reevaluate whether or not they want, or can afford, to purchase a home. Colorado's housing market has been hot for nearly a decade now with homes selling at higher prices than ever before.
However, with interest rates more than double that of what they were a year ago, many buyers are reconsidering whether or not purchasing is the best financial option for them.
“Buyers right now are second-guessing themselves. ‘Is...
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