Real Estate & Construction  January 25, 2024

The Group: Floodgates may open in second half of 2024

Brandon Wells, president of The Group, delivered the real estate company’s forecast Wednesday night. Ken Amundson/BizWest
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LOVELAND — The Group Inc. Real Estate company expects that mortgage rates will moderate at least by the second half of 2024. 

That will open the floodgates.

Buyers who have been waiting will flood the market.

Sellers may, again, begin to experience multiple offers on their properties.

While people complained about recent high mortgage rates, a look at rates over time shows that today’s rates are below the highs of the past. Courtesy The Group.

That’s the forecast for residential real estate in Northern Colorado in the coming 12 months.

A look back

Brandon Wells, president of The Group, led…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
Categories: Real Estate & Construction Loveland Sunday Weekly Today's News Brandon Wells The Group Inc.
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