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Unformatted text preview: t another year of stabilization in 2011 with modest improvements in
2012. The star of the 2011 residential market is the
multifamily market, which will soon be faced with
an influx of new supply to incorporate. However,
weak job growth and consumer confidence are
supportive of the rental market, and potential 2012 Colorado Business Economic Outlook home buyers remain on the sidelines until the
market direction is more stable.
The Federal Reserve’s stated intent to keep interest rates low will continue to support the housing market. The Freddie Mac Primary Mortgage
Market Survey reported that an average rate for
the conventional 30-year fixed mortgage dipped
below 4% for the first time in history in 2011.
Low interest rates are helpful but meaningful job
growth and increased income levels are necessary
to provide a major recovery.
The existing residential market faces economic
uncertainty, along with financing and credit challenges, that has many buyers sitting on the sidelines. Modest signs of improvement have been seen
in 2011 compared to the previous year, particularly
in the Denver Metro region, a...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery