Condos are the most affordable homeowner option so new FHA Condo approvals help Buyers AND sellers. Last month FHA Condo Approval rules changed in order to make the costly and time consuming process easier. -In the past the entire building needed to be approved in order for any of the units to be sold to… [Read More]
Archives for November 2019
November Denver Area Real Estate Market Update
The Denver Area Real Estate Market final figures for Oct shows 1.1% FEWER homes were for sale (11,632) this Oct vs Oct of 2018 – that bucks the trends from the last few months. The Average Sold Price is down slightly from last month – from $474,084 to $473,559. The Average Days on the Market… [Read More]
What Is Denver’s Risk Of A Housing Downturn?
Eventually we will experience another recession. Chances are good that it will not dramatically affect real estate, but some cities are more at risk than other cities. What is Denver’s risk of a housing downturn? We’re neither at the highest risk or the lowest risk. To read more Is Denver at Risk of a Housing… [Read More]
7 Signs of a Dog Friendly House
For the many people that are looking for a new home and have a dog, here’s 7 signs of a dog friendly house. 1. Greener grass 2. Proximity to play areas 3. Your very own pack 4. Accommodating landlords 5. Storage for Fido 6. Camouflage 7. Doggie door All of these are good signs of… [Read More]
Housing Affordability at 3 Year High
According to National Association of Home Builders and Wells Fargo, due to low interest rates housing affordability is at a 3 year high. Interest rates are a full point lower than this time last year. Lower interest rates create more purchasing power for homebuyers. To read more Housing Affordability at 3 Year High – Click… [Read More]
Home Purchasing Power More Important Than Home Price
Homebuyers become very focused on home prices but what is more important is your home purchasing power. Your home purchasing power is made up of three factors: the home price, interest rates and wage growth. Those three factors together determine your purchasing power. When home prices increase but interest rates decrease and wage growth increases,… [Read More]