Many of our clients ask if we are headed for another housing crash like the one the nation experienced in 2008? Along with most housing economists, I believe Denver home prices are not likely to fall. Here is how this real estate market differs from the last down cycle in Denver.
A healthy real estate market exists when Buyers have a reasonable number of listings to choose from and Sellers are getting their homes sold in a reasonable amount of time for a stable dollar amount. Currently, we have a market skewed heavily to the advantage of the Seller. This sounds great for sellers, until you consider […]
Denver Real Estate Market is Hot! Now, some sellers are seriously considering selling as a For Sale By Owner. Because Denver is one of the hottest markets in the country. Between being one of the sunniest cities in the US, Denver averages about 300 days of sunshine and a healthy economy, Denver is among the […]
Surprisingly, only one 1 in 5 Denver renters could qualify to buy a home given a 3% down-payment and the now average Denver home price. That’s a big change from 10 years ago when many renters leased before buying a home. But, Denver home prices have been escalating since 2011. For example, Denver home prices […]
The 2021 Denver real estate market promises to be great for home sellers, brokers and even buyers. The biggest source of long-term demand in the market continues to be demographics. In addition, the short term spike in demand is driven by the current low mortgage interest rates.
The MLS Inventory Crisis For about the past nine years, the news has shown headlines reporting the slow decline of Denver homes for sale. In January 2020, there were approximately 11,670 active detached homes in the Denver MLS. Also, there were only about three months of inventory. That means that if sellers stopped putting homes […]
Some home buyers in Denver now find they cannot even get a showing appointment to see a new listing before it sells. Competition between buyers is that vicious. You see, most listings now come onto the market on Thursday or Friday and showings are often ended by Saturday or Sunday. Because, all of the individual […]
“Is it possible to find a house in Denver anymore?” That’s the most common question I am asked as a Denver Realtor. The number of homes for sale in Denver is the lowest since they have been keeping records. Many buyers are getting discouraged. The home of their dreams seems illusive. Or worse, it’s overpriced […]
Expect the 2021 Denver real estate market to slow slightly 2021, according to Elliott Eisenberg who headlined the Denver Economic Summit last week. Talking to hundreds of Denver Realtors on-line, the well-known economist also predicted that the overall national economy would likely grow 4% 2021. And, the Fed will not likely begin to raise rates […]