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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From an Investment Advice website, not realtors. It’s a myth that selling your house during the holidays is a bad idea. Are there fewer buyers than the spring? Sure. But many of those spring buyers are actually just lookers. Per this article by Investopedia, here are some reasons why selling during the holidays is a…
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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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Denver Housing Prices Cooling. Still Competitive. For five straight years the average home in the Denver metro area has appreciated by 10% or more every single year as we climbed out of the recession and became a national player in tech, aerospace, and natural gas. The good news – you reside in one of the…
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A standard transaction usually closes within 30-45 days of going under contract. However, the timeline can be made shorter or longer if both the buyer and seller agree to it, depending on several other factors like the inspection, appraisal, and the loan.
