Colorado’s snowy winters are as cold as they are beautiful. And keeping a home warm can require certain home maintenance tasks and improvement projects. Whether you’re a first-time buyer or a long-time owner, you may wonder what ventures also maximize energy efficiency and secure a great return on investment.
On September 18th, the Fed lowered interest rates for the first time in over two years. While this move didn't directly lower mortgage rates, its influence did lead to a temporary drop. Mortgage rates hit a 19-month low, and much of the results were seen in Denver's real estate data for October.
The real estate market slows in the fall and winter, often because buyers and sellers are taking time to enjoy the holidays with family. And as we all know, there's nothing like a Thanksgiving feast—complete with leftovers.
As anticipated, the Federal Reserve lowered the federal funds rate by half a percentage point in September. While the cut didn't arrive until September 18th and doesn't directly affect mortgage rates, Boulder buyers and sellers saw rates ease and the market perked up.
On September 18th, the Federal Reserve lowered the federal funds rate for the first time in two years, signaling that inflation is starting to let up. Prior to this date, mortgage rates eased slightly in anticipation of the reduction. Once it was officially announced, they decreased further.
Several factors affected Denver real estate in September. There was the Labor Day holiday and families continued to adjust to a new school year. Mortgage rates eased, first in anticipation of the Fed cutting rates and then in response to an official reduction. Plus, it's an election year, which tends to drive consumer uncertainty and slow the market.
If you're looking for 2024 Halloween events in Denver and Boulder, we've got the list for you. In fact, the Front Range offers a wide range of devilish options for ghouls of all ages. Whether you prefer a good scare, something boooozy, or more family-friendly activities like trick-or-treating and finding the perfect pumpkin, we've got all your bases covered.
