What’s happening with Denver builders right now?
It’s amazing to think that the Denver homebuilding industry, which was roaring only five years ago, has been so quiet recently. What is going on with the industry? Two recent reports by the Denver Post, along with our own observations, reveal a few new trends in the homebuilding arena.
New homebuyers are attracted to features, not size, right now. Smaller, simpler homes are selling, partly because of the new Homebuyer Tax Credit, which is attracting many first-time buyers. The recession has also taught people to analyze their finances and buy what they can afford versus the maximum approval price..
Like all current Denver sellers, builders are facing fierce competition from foreclosures, which has forced them to find creative ways to remain competitive. They are finding success with building smaller, less expensive homes. Shea Homes recently opened its first community at Reunion in four years, targeted at younger buyers, which features smaller and simpler designs
Regardless if you are a first-time homebuyer, or a move-up homebuyer, now is the time to jump into the Denver real estate market. For information on purchasing a Denver home, please contact TeamCox Realtors at 303-400-6060. We have extensive knowledge of all of the local Denver homebuilders, and we are here to share our insight with you.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance