The Denver Area Real Estate Update and Market final figures for December shows 9.8% FEWER homes were for sale (7,648) this December vs Dec of 2018. The Average Sold Price is down a little from last month – from $478,511 to $476,505. The Average Days on the Market is up some – 45 days instead… [Read More]
Archives for January 2020
How Buyers Can Win By Downsizing
If you’re planning a transition into a smaller home, the twin trends of low mortgage rates and rising home equity is how buyers can win by downsizing – kickstart or boost your plans, especially if you’re anticipating retirement soon or just want to live in a smaller home that’s easier to maintain. Let’s get together… [Read More]
Easy Way to Significantly Increase Future Wealth
Buying a Home Early Can Significantly Increase Future Wealth According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive… [Read More]
Housing Today is More Affordable…
Whether you’re thinking about buying your first home or moving up to the home of your dreams, don’t let the false narrative about affordability prevent you from moving forward. From an affordability standpoint, housing today is more affordable and it is one of the best times to buy in the last 30 years. To read… [Read More]
Inventory of Homes Affects Prices
Real Estate follows the same economic rules of supply and demand like and other product. When there is an abundance of homes for sale, more than buyers demand, the supply drives prices down. When there are fewer homes than buyer demand, prices go up. Right now we still have a big shortage of homes compared… [Read More]
Home Prices and Mortgage Rates Predictions
Everyone wants to know what Home Prices and Mortgage Rates are going to do in 2020. So we’ve gathered some of the experts predictions: Here is a list of various predictions for 2020 from various sources- • CoreLogic is predicting home prices will increase by 5.4% from October 2019 till October 2020. • NAR is… [Read More]