Pueblo’s September real estate market figures are showing some signs of improvement, but a local realtor believes buyers remain “on the sidelines” pending the outcome of the November general election and more positive economic changes.
“The Pueblo real estate market improved a bit in September, but the Fed (Federal Reserve System) dropping interest rates a bit didn’t make a difference. The mortgage industry had already applied lower interest rates before the drop,” said Dave Anderson, spokesperson for the Pueblo Association of Realtors.
“The interest rate was at 6% a couple of weeks ago and it has ticked back up to 6.385%,” Anderson explained. “The fed is looking at another drop so it probably will stay below 7%.”…