It’s Thanksgiving week, and with just over a month left in 2024, we can reflect on a year of change and adaptation. No matter your current living situation, this is an ideal time to appreciate how fortunate we are to live in Colorado’s Front Range. With the Rockies as our backdrop, we’re surrounded by one of the most stunning landscapes on Earth.
We’re thankful for: A home! If you’re reading this, chances are you have a place to call home, whether you own or rent. Across Colorado and the nation, countless people remain unsheltered for various reasons. As you enjoy the comfort of a roof over your head and a warm place to sleep, remember that many do not have that same security.
Stable real estate market In my forty-plus-year career selling homes in Boulder, Colorado, we’ve seen our share of market ups and downs. Each peak has outpaced the previous valleys, resulting in significant growth in home values over these decades. During the pandemic, Colorado’s real estate market—and much of the nation’s—remained strong, but this strength has made it challenging for first-time buyers to enter the market.
The shortage of homes continues as builders work to catch up, with new construction still lagging behind population growth, a trend that began with the recession in 2007. Low interest rates This time last year, interest rates were in the 7–8% range—not the 3–4% we had grown used to, but certainly far better than the 16% rates of the 1980s. We can be grateful .