CHFA -

new year, new home - what to expect in 2016

Chris Mygatt

Is your New Year's resolution to become a homeowner? If so, some insight into what the 2016 market may look like will help you prepare. For instance, what might happen with home prices? Chris Mygatt, President and CEO of Coldwell Banker Residential Brokerage, weighs in:

"When it comes to home prices, look at what drives them, which are inventory and demand. This year, we expect to see some inventory expansion, but we're also expecting the record-breaking population increase from 2015 to continue into the years ahead. Demand will remain strong, but the market won't be as frenzied as it was in 2015," said Chris.

To stick to your resolution and find a home to buy this year, Chris recommends some helpful tips:

Take advantage of current interest rates and appreciation levels. The market is subject to increased interest rates, and decreased property values.
Expand your geographical search. You may find a home within your budget that fits your needs by looking slightly outside of your target location.
Be willing to compromise. Be flexible with your wish-list items. Stick with the "must-haves."

facebook users help chfa make $2,800 food purchase and donation

With the help of supporters on Facebook, CHFA donated 234 soup and cornbread gift bundles to Food Bank of the Rockies in December. The food items totaled $2,796 in value, and were purchased from Women's Bean Project, another Colorado nonprofit organization.

The donation was the result of a month-long Facebook campaign CHFA promoted called "Like It Forward," which invited Facebook users to "like" our Facebook page. For each new "like" of our page, we agreed to purchase and donate one soup and cornbread gift bundle, simultaneously benefitting two local nonprofits and the many individuals and families they serve.

Thanks to all of our Your Road Home readers who supported "Like It Forward!" Click here to learn more and view our photo gallery.

colorado housing and finance authority

www.chfainfo.com

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