The Federal Reserve raised interest rates by .25% at the end of September, and this move, designed to slow the economy down and undercut the potential for inflation, is impacting Real Estate markets across the country. How does this impact the numbers? We are still technically in a Seller's Market in Denver, but the lightning-fast … Continue reading How Rising Interest Rates are Impacting the Denver Housing Market
As Autumn inches its way toward Winter, the local Real Estate market is cooling a bit right alongside our daily temps. As a long-time Real Estate professional, I'm not shocked (this happens every year at this time), and I'm not panicking. What I am doing, is keeping an eye on the highlights that remind us … Continue reading Denver Real Estate in the News
If you've lived in the Denver Metropolitan Area for long, you probably know we have a highly competitive housing market; finding the right house, at the right price, in the right area, with the right amenities, is tough. Still -- paying for a mortgage is almost always a better bet than throwing money away on … Continue reading Are You Throwing Away Money on Rent?
According to the Denver Business Journal, last month Denver was the fastest selling housing market in the nation, with nearly half of homes on the market going under contract in just 6 days, down from an average of 11 days from Listing to Under Contract at the same time last year. If you are listing … Continue reading Denver On Speed
According to a recent Denver Business Journal article, a report by New York-based financial services firm SmartAsset ranks Denver 9th in the nation among the healthiest urban housing markets. Factors analyzed for the study include stability, risk, fluidity (ease of sale), and affordability. This is awesome news for local homeowners and those considering investing in the Denver … Continue reading A Denver Real Estate Health Check
So here you are, going about your business. Maybe you own a home, maybe you're renting. Maybe you're looking for the perfect house, thinking about selling the home you live in now, or pondering a refi. So what will happen to mortgage rates? Although the Fed's recent rate hike of .5o -.75% on short term … Continue reading How Will the Fed’s News Affect You?
Unemployment rates are a quirky thing... Too high a rate of unemployment and the economy suffers as those without jobs are unable to make purchases; when unemployment rates are high, the real estate market and many other markets can slump, affecting the entire economy and even those blessed with stable, adequate or better … Continue reading Help Wanted: Denver Construction Workers