We are seeing the housing market cool off which is creating fewer bidding wars. According to Redfin, the first three weeks of March saw only 16% of homes for sale were seeing a bidding war. Redfin says last year we were seeing 60% of all homes for sale experiencing a bidding war. Read more details… [Read More]
Archives for March 2019
Mortgage Rates Continue to Drop
Mortgage rates continue to drop after the Feds announced this week that they were not planning on raising interest rates the rest of the year. This is the biggest weekly drop in the last decade. They are in the very low 4.0’s and some types of mortgages are hitting in the 3.0’s. Because of the… [Read More]
Buyers Biggest Challenge This Spring Is Their….
According to a study from Realtor.com, Buyers budgets are Buyers biggest challenge this spring. The inventory of homes for sale on the market has improved a lot from the last several years. That means that a buyer will have less competition from other buyers because there are more homes to choose from. Interest rates also… [Read More]
Denver Metro Real Estate Market Overview for February
In this February Denver Metro Real Estate Market Overview we continue to see an increase in homes for sale – 35% increase over the same month the prior year. That continues to be great news for buyers! That means buyers have more homes to choose from and sellers are having to price their homes conservatively… [Read More]
The Real Winners are Prospective Home Buyers
Redfin reports that lackluster home price growth eases housing market competition and prospective home buyers are the real winners. They report that in February home sales increased only .6% from the prior year. That makes the smallest annual increase since March 2012. Redfin also discovered that U.S. home sale prices fell in 10 of the… [Read More]
How Couples Can Agree When Home Shopping
People have so many different things they look for in a home. It’s easy to disagree on just the right home. But this is how couples can agree when home shopping. 1)Make a list and find a compromise. 2)Determine the ideal house size. 3)Drive around the neighborhood together If you take all the tips in… [Read More]