Denvers Housing Inventory is Up drastically from 3 years ago. The inventory (number of homes for sale) is up 5% more than this time last year. Because there are more homes available, the homes are staying on the market 18 percent longer than last year. That is also causing more homeowners to reduce their asking… [Read More]
September Denver Area Real Estate Market Overview
The Denver Area Real Estate Market final figures for August shows 13.2% more homes were for sale (13,442) this August vs August of 2018. Encouraging news for buyers – more homes to choose from and less buyers competing with you. The Average Sold Price is down slightly from last month – from $482,526 to $478,445…. [Read More]
Colorado is the Most Desirable State to Move To
According to a survey by Porch.com, Colorado is the Most Desirable State to Move to – beating out even Hawaii and California. The top states tend to have one thing in common – an abundance and variety of outdoor activities. Even though we think home prices in Colorado are high, people on the east coast… [Read More]
Is a Fixer Upper A Good Deal
Many people wonder if a fixer upper might be a good investment. Buy a home cheaper and then put sweat equity into it and fix it up the way you want it. Well it turns out that most people end up spending almost as much or more for the fixer uppper than a home that… [Read More]
New Condo Rules Helpful to Buyers
Effective Oct. 15th there are new condo rules that will be very helpful to buyers. FHA was created to help more buyers afford a home. The most affordable homes are condo. Unfortuantely FHA passed laws in 2009 that drastically restricted and reduced the number of condo complexes that qualify for an FHA mortgage loan. Plus… [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]
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