Happy Halloween! It's been a while since I have dug out this blog, but I am getting a lot of feedback from clients that they're scared to buy in this market with the interest rates sitting between 7.5 and 8.5%. What better than Halloween than to talk about something that's scary?! Historically rates are not that bad, we have just been spoiled the past few years with super low rates, see the graph below, rates were near 18% in the beginning of the 80's! I know that house prices are much higher than they were in the 80's, but while people are waiting for a "market burst" that frankly may or may not come, house prices keep rising. Especially in the Northern Colorado market. I am hearing from those who rent that their rent is going up as well, as taxes go up and policies get implemented on landlords those additional fees are going to get pushed to the renter, this is just common sense. In this market the only people winning, and I say that with a sour taste ...