Feeling Just a Little Bit More Cautious…
by Osman Parvez
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If you’re a regular reader of House Einstein, you already know that the Boulder real estate market is finally starting to feel the slowdown. It may be hard to see that from the monthly update analysis, but it’s clear when I clean up the data. In a few days I’ll update the indexes for the 1st Quarter.
In the meantime, USA Today is reporting on the health of our local market (full article).
Despite the chill in home sales across the nation, Boulder, Colo.’s mortgage market remains warm and healthy.
The city, nestled in the foothills of the Rocky Mountains, shows why there is no national real estate forecast, just as there is no national weather forecast, says Veronica Precella, president of the Boulder Area Realtor Association.
Boulder is unlike many cities. Its homeowners are seldom victims of foreclosure because homes have not been extremely overvalued. Almost as soon as a home is available, it’s sold, agents say.
“Our sales are very good,” Precella says. “There has been some slowdown, but we think that’s mostly attributed to people being just a little bit more cautious right now.”
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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