With the school year now in full swing, the real estate stats and showings have picked up again. More and more potential buyers are returning to take a second or even third look to secure their property for ski season. There has been especially strong interest in properties under 200K.
The interest rates have been moving up over the past week but it’s always hard to say whether this is an artificial jump or not. The rates are still historically low and many lenders are offering 10 year ARMs with rates in the mid 3s! Call us for lender recommendations if you need any! We work with some great and creative folks that can help with our unique properties.
The government shut down has been a frustrating time for everyone. The furloughs haven’t really impacted lending for us as we don’t have many FHA or VA loans in this area. However, in speaking with a local lender, the FHA is operating with 4% of staff and still getting loans done.
Rocky Mountain National Park in Grand County WAS closed and is now open again thanks to State funding. Come see the last of the yellow Aspen trees, the snowy peaks and the bugling elk!