Ever wondering how the market is doing? Mortgage rates? Value of homes in your area? Here’s a tool we use and have partnered with. So go ahead… look under the hood. MARKETS IN A MINUTE (Brought to you by one of our favorite lender partners, Chris Hauber.)
Metro Denver’s housing market saw major decline with home showings dropping to a record low mid-April due to the Stay-at-Home Order. With restrictions lifted to Safer-at-Home on April 27th, approximately 3500 showings were scheduled that day, more than any other Monday in 2020. What I’m seeing during the COVID season: If you’re in the market…
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3.66% is today’s 30-year fixed mortgage interest rate (March 9, 2020). Affects and fears of coronavirus and the global economic fallout find investors seeking safer investments in bonds, improving mortgage rates even more. As bankrate.com points out, these low rates typically don’t last long and will likely increase swiftly as the world gains greater information…
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Sometimes I fear that since I sell homes for a living, people won’t believe me and my take on the real estate market. That somehow I’m twisting the numbers or spinning it to encourage people to sell or buy. (Pssst… little secret… I don’t because I can help people buy or sell, so it doesn’t…
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August stats show a stabilizing Denver area housing market, but it’s not normal. A balanced market between buyers and sellers should have about 6 months supply of homes for sale at all times. We’re still under 2 months supply. This demonstrates a strong seller’s market. But prices are increasing at a slower rate, so what’s…
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For two straight weeks we’ve seen very low interest rates at 3.82% for a 30 year fixed rate mortgage, which is a two-year low. If you’re in the market to buy, I strongly suggest locking in your interest rate now. If you’re in the market to refinance, now would be a very good time. Thank…
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May saw highest housing inventory in Metro Denver since 2013 and record-breaking average single-family home price. The Metro Denver real estate market is inching back in the direction of being balanced. Notice, I said inching. In May, there were 8,789 new listings (+17% over April and +38% over May 2018) and by month’s end, 6,470…
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The housing market in the Denver and surrounding areas is gradually stabilizing. All the arrows continue to favor the sellers, but at least we’re seeing a cooling a bit, which is good news for the buyers. We still have an imbalance of supply and demand as our area continues to grow in popularity and population.…
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