You might have heard a bit about real estate and its continued struggles across the country, but all real estate is local. Based on that, the economics of real estate still apply. Interest and jobs still influence homeownership. While the U.S. unemployment continues to be at 9.1 percent, Colorado is 8.5 percent. The interest rates have been at historically low points, typically under 4 percent for 30 year fixed rate loans. What this means is that the affordability of homes in the area is exceptional. That should mean that the south metro area is exploding in new buyers but, unfortunately, that isn't the case. Why? Well, most assuredly it is due to a few factors:
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Articles designated with this are written by staff reporters with Colorado Community Media. Disclaimer: the opinions presented in all other columns are the authors’ own and should not be considered the official opinion of CCM.