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Calculated Risk
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Calculated Risk: The Housing Conundrum
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Homeowners Seeing 20% Increase in Property Value in Mesa County
Everyone knows that real estate across the country right now is hot, it s definitely a seller s market. You re finding lots of bidding wars going on over property that is for sale because there just doesn t seem to be enough affordable housing anywhere and that includes us here in Western Colorado. But this also means the value of homes is skyrocketing right now. According to KREX, the median price for a single residential property in Mesa County has increased 20 percent year over year.
Beginning on May 1st the Mesa County Assessor s Office started to send out their annual notices of value to property owners which is what brought the significant increase to everyone s attention. This is leading more homeowners to look at the possibility of selling their home to make money, but even with some deciding to sell, there isn t enough inventory.
Calculated Risk
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4/07/2021 03:39:00 PM
In their discussion of current conditions, participants noted that the COVID-19 pandemic was causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of the recovery,
indicators of economic activity and employment had turned up recently, although the sectors most adversely affected by the pandemic remained weak. Inflation continued to run below 2 percent. Overall financial conditions remained accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. Participants noted that the path of the economy would depend significantly on the course of the virus, including progress on vaccinations, and that