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]
Is A Housing Crash Arriving?
Nope – no housing crash arriving! All states had a positive appreciation rate – just not as high an appreciation rate as in prior years. A slower appreciation rate is a good thing for buyers and sellers. So don’t worry about a housing crash arriving. Read more details here and here. Whenever you are ready,… [Read More]
Denver Metro Real Estate Market Overview for January
In this January Denver Metro Real Estate Market Overview we continue to see an increase in homes for sale (8,201) over the same month the prior year. There is actually more than a 37.4% increase in the homes for sale from January 2018. Great news for buyers! That means buyers have more homes to choose… [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Buyers Should Ignore These Pieces of Outdated Real Estate Advice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 Or is it outdated real estate advice from the market years ago? Some of the common pieces of outdated real estate advice are: – Wait for Spring – This… [Read More]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]
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