Denver Real Estate has cooled a bit for the first time in a long time. There are more homes for buyers to choose from and the high rate of appreciation has slowed.
In April, we started seeing an increase of 36% of the number of homes for sale over April of 2018. Because of the increase in inventory we are seeing a decrease in the amount of appreciation that we’ve seen the last 6 years. The experts are now predicting a 2-%% appreciation rate for awhile.
But at the same time, we’ve seen a decrease in buyers. Have we hit an affordability ceiling?
Yup, it’s good news for buyers that Denver Real Estate has cooled.
Read more details here to read more of this article.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour – Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm – choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market – that way you can beat others to the best homes. Send me an email with “specific search” in the subject line and your wish list – Price range, school district, style, minimum number of bedrooms, etc. – [email protected]
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What’s the difference between a FHA loan and a Conventional loan? Send me an email – – [email protected] with “Home Loan Report” in subject field and I’ll send it right over.
Also….check these out??