Has the Denver real estate market topped out? Is this a Denver housing bubble waiting for a pop? Buyers and Sellers want to know if this market is about to turn on them. Matthew Gardner, Economist with Windemere Economics presented his case today to the Colorado Association of Realtors Spring Leadership Summit. He expects slowly […]
Denver Mortgage Interest Rates Rise
(Here’s what my lender, Jimmy Kinley, says about the spike in home loan interest rates- Dennis) Denver mortgage interest rates rose 5/8% in just the previous 14 days. At that rate, interest rates for 30 year fixed, conventional mortgages could reach 4% soon. But, that’s not my prediction. Instead, here’s my thinking.
Denver Homes Inventory Crisis
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 […]
Low Mortgage Interest Rates Drive Sales
The demand for housing spiked last month to new records in most parts of the country accoding to local real estate blogs and MLS sources. Feeling a little like the Dutch Tulip Mania of 1637, many people wonder if another Denver price bubble night be starting to form. So, we can get some insight on […]
Lowest Denver Mortgage Rates | Home Buyers Compete
Let’s talk about this crazy real estate market before I dive into Denver mortgage interest rates. If you are a buyer in this market, I only have one piece of advice…”BE AGGRESSIVE”. Inventory of homes for sale is ridiculously low. So, only the aggressive offers accepted or countered. This is no time to be shy. […]
Millennials Home Ownership Still Delayed in Denver
Less than 40% of millennials in Denver neighborhoods own their own home. That surprises me. Because, Denver homes priced less than $500,000 have skyrocketed every month this year except for April. That’s when our industry was locked-down from in-person showings. So, our most affordable homes in Denver neighborhoods and the suburbs sell at a record […]
Forbearance Vs. Deferment
Should I apply for forbearance or deferment? With many people losing their jobs due to the global pandemic lenders are offering forbearance and deferment on their mortgage loans. This is not free money. Therefore, if you can make your mortgage payment, I strongly encourage you to do so. That’s because each lender is different in […]
Denver Real Estate Continues Despite Corona Virus
(Welcome Sean Willox to the ADRE Blog! Sean and his wife work closely with Dennis and Dawn Martin at Coldwell Banker in Littleon, Colorado. Email him at willcox2@comcast.net) The Corona virus situation has engulfed us all right now including those of us selling Denver real estate. Seems like every time we think we have something […]
Avoid Foreclosure During the Virus
By Adam Hebener, Modern Mortgage (Ed Note: Adam Hebener is one of our best lenders for Hotz Group Clients. He is reliable, honest and trustworthy. He has closed mortgage loan for our clients for many years. In addition, we usually find his mortgage interest rates are competitive. Here is his take on how to stay […]
Rent or Buy in Denver?
Sometimes, my friends think that it will be more beneficial to rent rather than buy in Denver. Sure, the landlord handles the routine home maintenance when you rent. So, no maintenance falls to you. But, otherwise renting is just plain more expensive. And, renting limits what you can do with your home or apartment. However, […]