Not only is Denver in the Nations Most Competitive Housing Markets list, but it is #1 in the list of the Nations Most Competitive Housing Markets. Most Americans do not have enough cash to buy a home outright – without a mortgage. So for Lending Tree to determine the nations most competitive housing markets, they… [Read More]
Real Estate ABC’s A-K
Real Estate ABC’s A-K Like many other industries, the real estate industry has its own lingo. But buying a home is your biggest investment, so you want to understand the terms that you are hearing. What’s the difference between a backup offer? and a Contingent Offer? What does LTV mean? What is an REO home?… [Read More]
Real Estate ABC’s – Part 2
Real Estate ABC’s Like many other industries, the real estate industry has its own lingo. But buying a home is your biggest investment, so you want to understand the terms that you are hearing. What’s the difference between a backup offer? and a Contingent Offer? What does LTV mean? What is an REO home? Take… [Read More]
Is Your Loan one that may face Foreclosure Review?
You have probably been hearing about some lenders not having all the necessary paperwork to justify them foreclosing on your mortgage loan. Well now federal regulators have mandated that banks review your paperwork if you request it. You must have been involved in the process during 2009 or 2010. More details below….. Daily Real Estate… [Read More]
Feds keeping mortgage interest rates low
Mortgage rates are at unbelievable low rates. The Feds are hoping to encourage the housing recovery by keeping interest rates low. “Rates on 30-year fixed-rate mortgages averaged 4.09 percent with an average 0.7 point for the week ending Sept. 22, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.” If… [Read More]
Denver Area Housing Market has lack of compelling inventory
This Denverpost article (below) confirms what I have been observing: The number of homes/condos on the market has decreased drastically – I remember not too many years ago when the inventory was in the 30,000+ numbers. But last month (August, 2011) there were 18,164 homes and condos listed for sale in metro Denver area. Normally… [Read More]