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]
4 Reasons to Buy a Home This Fall
There are many reasons to buy a home, but here are 4 reasons to buy a home this fall: 1) Prices will continue to rise; 2) Mortgage interest rates are projected to increase next year 3) Whether you rent or buy, you are paying someone’s mortgage 4) Is your reason for waiting worth it? To… [Read More]
October Denver Area Real Estate Market Update
The Denver Area Real Estate Market final figures for September shows 10% more homes were for sale (13,218) this Sept vs Sept 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 $478,445 to $474,084…. [Read More]
Questions Home Buyers Should Ask
Buying a home can be overwhelming and you might be wondering what questions home buyers should ask. After all it’s one of the biggest purchases you will make. Here’s some questions you should consider: 1. What’s my housing budget? 2. How much are closing costs? 3. How much should I save for a down payment?… [Read More]
Denvers Housing Inventory is Up
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]
Change on Appraisal Requirement
An appraisal requirement is one thing that increases buyers costs. And in the last couple years, as another layer of bureaucracy was added, that cost has increased drastically. In the past appraisals were required for homes over $250,000. Now with the FDIC, OCC and Fed approving this new rule, an appraisal may not be required… [Read More]
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