Some Fun Real Estate Facts to think about. Whether you’re looking to buy a home or sell a home, you might find that you’re spending a lot of time on the “interwebs.” You may be doing research on market statistics, neighborhood information, mortgage rates, real estate professionals, and brokerages in the area. Following are some… [Read More]
Why You Should Use a Real Estate Agent – Part I
The public have unlimited access to so much real estate information on line, that some buyers and sellers wonder why they should use a real estate agent. With everyone wanting to save money, some think real estate agents just add cost to the transaction and not much value. Buying a home is probably the biggest… [Read More]
FHA Condo Approvals Help Buyers and Sellers
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]
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]
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]
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