A good economy and the current halt to the Federal Reserve raising interest rates might indicate higher mortgage rates in 2020. Mortgage rates hit their low this year in September. They have been inching up since then. The possibility of a recession seems to be fading and we are experiencing a strong job market. That… [Read More]
Archives for December 2019
December Denver Area Real Estate Update
The Denver Area Real Estate Update and Market final figures for November shows 3.4% FEWER homes were for sale (9,762) this November vs Nov of 2018 – that bucks the trends from the last few months. The Average Sold Price is up a little from last month – from $473,559 to $478,511. The Average Days… [Read More]
Cost of Waiting to Buy a Home
Many home buyers wonder what is the cost of waiting to buy a home. If you make the assumption that interest rates will increase slightly in the next year and home prices will increase modestly (4-5%), here are graphs of the monthly cost of waiting to buy a home. To Find Your Specific Projected Price… [Read More]
Is A Bigger House Within Your Budget …
At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home? Is a Bigger House… [Read More]
Easier Time for Buyers to Qualify for a Mortgage
https://magazine.realtor/daily-news/2019/12/13/buyers-may-have-an-easier-time-qualifying-for-a-mortgage
Why You Should Use a Real Estate Agent – Template
Another reason to use a Real Estate Agent is for their Experience and Expertise on Real Estate Contracts – All real estate agents and realtors must use the Colorado Real Estate Commission Approved contract. The purchase contract alone is 20 pages long. What do all those clauses mean? How do those deadlines fit into the… [Read More]