The United States Federal Reserve on Wednesday raised interest rates yet again as officials seek to curb consumer spending and temper inflation. The rates, now between 5.25% and 5.5%, are the highest in more than.
Stephen Traweek has 30 years of Summit County memories. From sledding down Peak 8 on tower pads before Breckenridge Ski Resort had expanded to Peak 6 or Peak 7, to local discounts in old businesses.
For the first time since the beginning of the COVID-19 pandemic, the average home sale price in Summit County declined between January and March of this year. That’s according to a recent report from real.
Decreased home prices. More housing inventory. Rising interest rates. Short-term rental regulations. There are a plethora of factors currently at play in the housing market, which Summit County real estate experts say could benefit both.
More than a year after passing the first moratorium on short-term rental licenses for unincorporated areas of Summit County, the Summit Board of County Commissioners has approved a package of new regulations for those properties. .