Is the Colorado Springs Real Estate Market Heading for a Crash? | 2024 Real Estate Update

Join me, Iris Burton, your Colorado real estate resource, as I delve into the surprising current state of the Colorado Springs real estate market. In this video, I break down the unique real estate stats and compare them to previous years, addressing key factors like existing home sales, median home prices, and days on market.

We'll also explore the 'lock-in effect' caused by rising mortgage rates and its impact on homebuyers and sellers. Plus, I offer practical tips on how to navigate these challenging times if you're looking to buy a home. Don't miss out on this essential update!

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All stats, data, housing prices and information, and any other data are ALWAYS subject to change and is provided simply as an example or information at the time of this recording.
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⚠️ Videos are for entertainment and general educational purposes only. No information whether implied or otherwise offers warranties or guarantees of any kind regarding completeness or accuracy, or provides the assumption of anything being a good option or fit for you personally. Buying real estate is a risk as with any other investment. Each person is different so unless I'm your real estate agent, do not consider this advice in your personal real estate decisions and dealings. Do your own diligence on the information provided. I do not claim expertise in any field outside of real estate. I am a real estate agent with LPT Realty in Colorado. Each person's situation is unique and SUBJECT TO terms and qualifications. Please privately consult a professional in the area of expertise in question including myself. I want you to be successful! ♥

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All content provided on YouTube belongs to Iris Burton and cannot be used without prior written permission. Colorado Real Estate License: 100089541

00:00 Introduction to Colorado Springs Real Estate Market
00:22 July 2024 Real Estate Statistics
02:36 The Lock-In Effect Explained
04:37 Impact of High Mortgage Rates
08:11 Strategies to Lower Your Mortgage Rate
12:11 Upcoming Changes in Real Estate Agent Fees
12:36 Conclusion and Contact Information

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