If you paused your home‑search because you thought it was “too expensive” or mortgage rates were too high, here’s some good news: affordability is improving. That matters especially here in Colorado where home prices and rates both play into buying power.
What’s the Shift?
Across 39 of the top 50 U.S. markets, monthly payments on a median‑priced home have fallen—by about $280 per month compared to just a few months ago. That adds up to nearly $3,400 in savings over a year.
In practical terms, a buyer with a $3,000 monthly housing budget could now afford a home priced about $22,000 higher than a few months earlier.
Why Is This Happening?
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Mortgage interest rates have eased somewhat from their highs.
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Home‑price growth is moderating in many areas.
Both factors combine to ease the cost burden for buyers.
What It Means for Colorado Buyers
With the Denver‑metro and surrounding region’s inventory still constrained in many sub‑markets, this shift enhances your purchasing power.
If you’ve been waiting for a signal to start shopping again, this is worth acting on. I’ll work with you to:
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Re‑run your budget given today’s numbers
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Review neighborhoods that may now be within reach
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Structure your search so you’re ready to move when the right listing appears
Bottom Line
The math is shifting in your favor. If you’ve been sidelined, this is the moment to re‑explore your options. Let’s calculate exactly what you can afford now—and map out your next move.
