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Category: Info for Home Buyers

Helping busy families feel right at home.

Denver Metro Housing Market Update

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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Crazy-Low Interest Rates Are Back. Lock in Now.

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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Denver Metro Housing Market Report: June, 2019

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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Market Stats Report

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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How long does it usually take from the time I find a house until I own it?

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.

Do I need to be pre-approved for a loan before looking for a home?

Yes. Going house-hunting without first getting pre-approved is like test-driving and falling in love with a car that you can’t afford. It is a much better feeling to know that you can comfortably afford every house that you walk into. In a competitive market, getting fully pre-approved — not just pre-qualified — with one of…
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