Denver Channel: Metro Denver Housing Prices

Posted at 9:19 PM, Jun 11, 2021 and last updated 12:00 AM, Jun 12, 2021

“People are just borrowing and finding that buying a better house is a good idea right now,” said Dr. Kishore Kulkarni, distinguished professor of economics and author at Metropolitan State University of Denver.

Kulkarni says average Coloradans found themselves needing more out of home during the pandemic.

“If you’re house is bigger, it is much easier to work from home,” Kulkarni said. “More room for kids to study and adults to work.”

Kulkarni also said low interest rates are impacting the market.

“With a 2% or 3% interest rates, this is like free money,” Kulkarni said. “And you should grab it.”

“That is true,” said Dysart. “The good part is – interest rates are so low, historically low.”

But getting that perfect house is very difficult right now.