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What does the five year trend look like in Cheyenne's housing market for percentage growth/loss in values in?

housing in the 125 to 160 range?
Tue Feb 26 2008, 05:11 - Cheyenne - Market Conditions - 1 answer
 
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Jan
Home Buyer
in Cheyenne
Jan, Home Buyer in Cheyenne in Cheyenne
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Tom Romero was FIRST TO ANSWER
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Hello, My opinion is that the market should be stable. More inventory than usual. But I have noticed in the last 15 years, homes still have been appreciating about 5% a year. Some years have been better of course. I have always looked at real estate as a longtime investment. Cheyenne is still having a low jobless rate. The pay is starting to be more competitive.
Lenders are being more strict on the condition of home financed. So getting the loans has been a challenge for some. Over all picture is good if your credit is great. Pre-approved buyers have the buying power. Good Luck

Wed Mar 19 2008, 22:59
 
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