Move-up market to keep real estate strong

A combination of pent-up demand and breathtakingly low interest rates in 1992 caused a dramatic shift in Fort Collins’ real estate economy.

But how long this boom will last is subject to the interpretation of the city’s cross-town move potential, says market watcher and chairman of The Group Realtors Inc. Larry Kendall.

In a thumbnail summary to about 400 people attending First National Bank of Fort Collins’ annual economic forecast, Kendall explained that there was an oversupply of housing in the early to mid 1980s which, helped along by relatively high interest rates, resulted in a kind of a recession.

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