Availability, interest, taxes, affordability drive the housing market

LOVELAND — Housing availability, rising interest rates, tax reform and housing affordability will all drive changes to the Northern Colorado residential market.

Speakers at this morning’s Northern Colorado Real Estate Summit laid out each of those drivers in a session titled “Market Movers (Residential).”

Inventory

Eric Thompson, president of Windermere real estate, said the stories that you hear about the market are true. Sellers can expect multiple offers. Sixty-six percent of all properties are selling at or above their asking prices.

Because inventories are low, prices will continue to rise, but that’s also not new. Over…