Locally (Boulder and Broomfield), we saw home sales drop by 11%.
I just had breakfast with a real estate friend of mine and he mentioned that ranch homes, particularly in the Frasier Meadows subdivision, are some of the most rapidly moving.
Who would have thought that?
This is not a particularly good time to sell your home, but if you’re buying then it’s definitely in your favor.
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If you look back at my 3rd Quarter Preview (here) I mentioned I forecast the 3rd quarter would be up. That’s proving to be a great move (if I do say so myself).
But what makes me nervous?
This article sums up a lot of my feelings.
Does that mean I’m bearish for the 4th Quarter?
I guess you’ll have to wait until my 4th Quarter preview in a couple of weeks to find out.
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