Take a look at the Campbell Inside Mortgage Finance Survey. Current homeowners or the move‐up buyer is 43.8 percent of the market.
First time home buyers are 36 percent which is still a little low. Now part of the reason that’s low is a lot of the houses they would’ve bought, the investors are buying.
But that investor number of 20.2 will continue to fall which it has been over the last couple of months. As that number falls the first time home buyer number’s are going to go up.
So home sales should still be very strong even with the increase in price and rate. Increased inventory will be a blessing for most buyers, especially in Colorado.