Are rising rents forcing millennials to buy homes?

Here in Colorado Springs, this seems to be the trend. Especially around the $200K price point…we’re seeing lots of activity. Looking for a home? Questions about the process, I’ a home! Call Rob at 719-440-6626!me! Call Rob at 719-440-6626!

RealtyTime: Why Rates Remain Deliciously Low

From the article: “The benchmark 30-year fixed-rate mortgage (FRM) averaged 3.80 percent with an average 0.6 point for the week. Compare that to a year ago when the average 30-year fixed rate mortgage was 4.37 percent.” 

That’s close to what my mortgage rate was 3.5 years ago! 

From Bankrate.com, check out this chart that plots the last 3 years of fixed rate mortgages.  


From the inbox: What’s up with the rental market here? And what’s the MLS?

Good question!  The first answer is that we have an intense rental market here with an app. 96% occupancy rate.  That’s been sustained, too, for a couple of years.  If anything, it’s getting harder to find affordable housing in the rental market in Colorado Springs.

Second, the MLS is the local database of agent and property manager listed homes.  It is not the sole source of rental properties in town but is the best product we as Realtors have access to.

If you’re looking for housing in Colorado Springs, we’d be honored to earn your business.  Call Rob or Drew at 719-440-6626 or email robthompsonrealtor@gmail.com!

BiggerPockets: What’s your why?

This is a great discussion of “What’s your why?”  Do you know your “why”?  Mine is my family and consumer advocacy.  What’s yours? 

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HouseLogic: Protecting a home against extreme weather

I’m not sure snow qualifies (the cold does!) but here are some tips from HouseLogic to prepare against extreme weather.

If you’re looking to buy or sell in Colorado, we’d be honored to earn your business!