-
As home prices drop, Colorado’s real estate industry looks to history to understand trends
If you’re house hunting, there are plenty of homes available in Colorado — nearly 10,000 at the end of March, which is up 41.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. Prices are a bit lower, too. If you need a loan to pay for the house, though, that’ll cost more than it would have a year ago. Even so, mortgage loan rates are about where they were in 2008. And that’s roughly two-thirds lower than the peak in the early 1980s. In this Oct. 22, 2019 file photo, a sign stands outside a home for sale in southeast Denver. (AP Photo/David Zalubowski, File) The way Colorado Realtors see it is that while…