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]
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]
First Fed Interest Rate Reduction since 2008
Last Wednesday the Feds made their first interest rate reduction since 2008 – when the recession started. How will that affect you as a potential home buyer? A short answer is that it will give you more purchasing power. As an example, if you wanted to keep your house payment close to $1,500 a month… [Read More]
5 Good Reasons to Own Instead of Rent
There are many good reasons to own a home. Here are 5 good reasons to own a home instead of renting. 1. Housing is typically the one leveraged investment available 2. You’re paying for housing whether you own or rent 3. Owning is usually a form of “forced savings” 4. Owning is a hedge against… [Read More]
Big Increase in Homes For Sale
The Denver Metro Association of Realtors (DMAR) has reported that listings continue to rise in total numbers throughout the metro Denver area. The number of homes and condos available for sale at the end of June was 9,529, an increase of 7.1 percent from May and up 28 percent from June 2018. Despite lower borrowing… [Read More]
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