Continued good news for buyers as the Mortgage Rates Hit a 3 Year Low. The mortgage rates ended the week with the 30 year fixed rate mortgage averaging 3.55%. That’s almost a full point less than this time in 2018 when the mortgage rates were 4.53%. That allows buyers to buy a more expensive home… [Read More]
Archives for August 2019
August Denver Area Real Estate Market Overview
July’s Denver Area Real Estate Market final figures shows 19% more homes for sale (13,334) this July vs July of 2018. Encouraging news for buyers – more homes to choose from and less buyers competing with you. The Average Sold Price is down slightly from last month – from $489,258 to $482,526. The Average Days… [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]
New Condo Rules Helpful to Buyers
Effective Oct. 15th there are new condo rules that will be very helpful to buyers. FHA was created to help more buyers afford a home. The most affordable homes are condo. Unfortuantely FHA passed laws in 2009 that drastically restricted and reduced the number of condo complexes that qualify for an FHA mortgage loan. Plus… [Read More]
Americans Have Never Felt This Good About Real Estate
Americans have never felt this good about Real Estate. Fannie Mae reports that their Home Purchase Sentiment Index is at a record high reading in July – Up to 93.7%. Job confidence and low interest rates have contributed to this sentiment despite housing supply and affordability issues. To read more details click here. Whenever you… [Read More]
Real Estate Is Americans Favorite Long Term Investment
Real Estate is Americans Favorite Long Term Investment again. After the big real estate crash, stocks took over as the favorite long term investment. Bankrate reports that with their most recent survey, 31% of the respondents reported that real estate is their favorite long term investment To read more details click here. Whenever you are… [Read More]