The August Denver Metro Real Estate Market Update and market final figures for July shows listings DOWN 35.8% (8,474) from July 2019. This lack of homes for sale (inventory of homes) is creating bidding wars again. Buyers put 10,155 homes Under Contract – a 22.8% increase from July 2019. So last month buyers put more… [Read More]
Home Affordability This Year
Today’s low interest rates are driving home affordability. Did you know that mortgage interest rates are the lowest they have been in 50 years. Let’s connect to discuss how buying a home may be a great move for you this year. PLUS, whenever you’re ready, don’t miss the below offers to help you reach your… [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]
Very low interest rates are improving home affordability
Our current low interest rates are the cheapest financing in almost three years and is improving home affordability. Home affordability jumped 10% in June from a year earlier as mortgage interest rates continue to drop making it easier for Americans to buy homes. Home buyers have been experiencing head winds from three major fronts: 1)… [Read More]
Home Buyer Bidding Wars Down Drastically
The news that home buyer bidding wars have drastically decreased is great news for buyers. You might still run into some competition in buying a home, but we are no longer seeing 15 competing offers the first weekend the home is on the market. That will allow home buyers more time to make a decision… [Read More]
March Denver Metro Real Estate Market Overview
March Denver Metro Real Estate Market Overview shows a continuing increase in homes for sale – almost 33% increase over March of 2018. 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 less aggressively or expect to be on… [Read More]