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Lower interest rate won’t necessarily mean lower Denver-area home prices

Real estate broker says prices may rise because of demand, tight inventory

The Federal Reserve's move to cut its benchmark interest rate should provide some relief on home mortgage rates. But real estate brokers don't expect Denver-area home prices to budge much. (AP Photo/David Zalubowski)
The Federal Reserve’s move to cut its benchmark interest rate should provide some relief on home mortgage rates. But real estate brokers don’t expect Denver-area home prices to budge much. (AP Photo/David Zalubowski)
DENVER, CO - DECEMBER 12:  Judith Kohler - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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People shouldn't expect area home prices to drop for a few reasons, including that metro Denver is one of the most expensive markets in the country.
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