Group forecast: NoCo home sales will increase in number, price in 2015

LOVELAND — Realtor Larry Kendall believes the number of homes sold in Northern Colorado will increase by nearly 9 percent in 2015 provided a short supply of inventory doesn’t hold the market back.

Kendall, a founder and chairman of The Group Inc. based in Loveland, told a crowd of about 600 people Thursday evening that while the demand and low interest rates are in place, a short supply of home listings has the markets in Larimer and Weld counties “a little out of balance.”

Speaking at The Group’s 2015 Real Estate Forecast Expo at the Embassy Suites in Loveland, Kendall predicted that…