DENVER — Despite mortgage rates continuing to rise, Denver-area realtors say homebuyers aren’t necessarily backing down and there’s a growing number of price reductions.
Lane Lyon, a realtor and managing broker at Coldwell Banker, said that despite mortgage rates hovering around 6.3% to 6.4%, many Denver homebuyers are pressing forward with housing activity remaining steady.
“The buyers that I’m working with tend to accept the fact that this is where we are,” Lyon said. “This is the new normal. Instead of timing the rates, they’re timing life events.”…