Home Prices Dropped in 3 Denver Metro Counties by Lonnie Glessner This was a big front page story in the Denver Post on the 13th as Boulder, Denver, and Douglas counties all saw year over year median home and median condo prices drop from January 2018 to January 2019. The 4 other metro counties still… [Read More]
Mortgage Rates Fall to 10 Month Low
The good news for buyers and sellers is that mortgage interest rates fall to 10 month low. Last year interest rates hit 5%. They are back down now to around 4.5%. That combined with more homes on the market and slower appreciation should bring more buyers into the market. Read more here. Whenever you are… [Read More]
Buyers Should Ignore These Pieces of Outdated Real Estate Advice
Once you start thinking about buying a home, numerous friends and family will give you advice. But are they talking about the current real estate market? Or is it outdated real estate advice from the market years ago? Some of the common pieces of outdated real estate advice are: – Wait for Spring – This… [Read More]
Freddie Mac Economist Prediction for Interest Rates
Buyers can breathe a sigh of relief – Freddie Mac economist prediction for Interest Rates the next 2 years is to remain under 5% – a revision to earlier forecast that interest rates would increase to over 5.0%. Many sellers have had to reduce the asking price on their homes because of increased competition –… [Read More]
Rising Home Inventories in Denver Metro Area Help Buyers
Rising Home Inventories in Denver Metro Area and lower interest rates should help home buyers in 2019. Realtor Magazine predicts better days are coming for home buyers in 2019. One of the biggest problems for buyers the last couple years is lack of homes (inventory) on the market to choose from and too much competition… [Read More]
Real Estate ABC’s A-K
Real Estate ABC’s A-K Like many other industries, the real estate industry has its own lingo. But buying a home is your biggest investment, so you want to understand the terms that you are hearing. What’s the difference between a backup offer? and a Contingent Offer? What does LTV mean? What is an REO home?… [Read More]