Additional Market Insights:
-According to a report published by CapRelo, Douglas County is the number one fastest growing “exurb” over the past 30 years.
-While new construction is a good option, a 5.4% increase building materials in 2020 is pushing prices up in this category as well. Some builders are increasing their prices monthly. Buyers going under contract now are growing their equity before they even move in.
-Experts weigh-in on where they think interest rates in 2021 with Fannie Mae the lowest at 2.87% to NAR and MBA the highest at 3.2% and 3.3%. Buyers and sellers today are taking advantage of the lowest historical rates.