Get ready for the inevitable Denver real estate market correction. Unfortunately, this change is not likely to help buyers find more homes for sale or sellers continue to sell at record prices. Federal reserve minutes released this week reveal it will raise interest rates higher and sooner if inflation persists. In turn, rising mortgage interest […]
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 […]
No question about the overall Denver real estate market. It’s on fire! Home prices are escalating at a frantic rate. Buyers are competing with multiple offers. As a result, many Denver home sellers get more than the asking price. Savvy Denver Realtors have been waiting for the number of homes on the market to start […]
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 […]
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 […]
I am frequently asked to estimate rental pricing for the Bonnie Brae neighborhood near Cherry Creek neighborhood. Its a truly unique segment of the Denver real estate market. The most popular of these homes were built from 1922 to 1936. They reflect a unique point in Denver’s architectural history. Because, they abandoned Victorian architectural design […]
The Denver housing market continues to astound buyers, sellers and Denver Realtors alike. Denver home sales soared two record levels, rebounding from April’s lower sales due to Covid 19 lock-downs. The number of homes placed Under Contract/Pending in May 2020 surpassed both April and May 2019. Simultaneously, the number of homes for sale actually declined. […]
The Denver real estate market is recovering the slow-down in sales and homes listed for sale. Since in-person showings resumed on April 27, both sales and the number of listing offered for sale have increased. And, of course showing blew through previous records.