The June Denver Area Real Estate Update and market final figures for May shows listings down 15.3% from May 2019. We’re still feeling the affects of the COVID-19 pandemic. The Average Sold Price dropped last month – from $490,024 in April to $483,473 in May. The Average Days on the Market before a home goes… [Read More]
Top Reasons To Own Your Home
If you are debating about whether or not there are reasons to own your home, this meme might give you some ideas. There are some pros to renting and some pros to buying. You might be paying just as much to rent a home and not building up equity. With low interest rates and very… [Read More]
Supply and Demand Determine Home Prices
Many may think home prices will depreciate due to the economic slowdown from the coronavirus, but experts disagree. As we approach the second half of this year, we may actually see home prices rise even higher given the lack of homes for sale. Supply and Demand Determine Home Prices. For more details on Supply and… [Read More]
Recovery to Begin in 2nd Half of Year
The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever. For more details on Economist Say Recovery to Begin in 2nd Half of Year – click here. PLUS, whenever you’re ready, don’t… [Read More]
Coronavirus is Changing Home Appraisals
Coronavirus has changed the way we do a LOT of things – it is also changing home appraisals. People became more leery about visiting someone’s home or having someone come into their home to walk it for an appraisal. Appraisals can be expensive – $400 – $750. It certainly helps the buyer if they don’t… [Read More]
Interest Rates Close to Historically Low Level
-Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. -Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. -Let’s connect to determine the best way to position yourself for a move in today’s market. PLUS, whenever you’re… [Read More]
Homebuyers and Sellers Returning To The Market
As the country slowly begins to reopen, we’re seeing signs of homebuyers and sellers returning to the market. DM me so we can talk about how factors like low mortgage rates could make this a great time for you to pursue your real estate goals and answer your questions and specific needs. PLUS, whenever you’re… [Read More]
Will Unemployment Crush Home Sales
Some people are fearful that Unemployment crush home sales. Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James… [Read More]
How Does COVID-19 Affect Home Values
What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand,… [Read More]
May Denver Area Real Estate Market Update
The May Denver Area Real Estate Update and market final figures for April shows listings down 10.5% from April 2019. Not a big surprise because of the COVID-19 pandemic. The Average Sold Price dropped last month – from $501,594 to $490,024. The Average Days on the Market is down to 25 days. In April 4,695… [Read More]
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