It’s an age-old question. Should I rent a home or buy a home? Traditionally, buying a home has been part of the American dream, but renting is becoming increasingly popular in the Denver area as the recession lingers on. The Denver Post recently reported that the number of apartment vacancies has decreased throughout the Denver metro … Continue reading Should You Rent or Buy a Home in Denver?
Summer in Colorado is finally here, but is the Denver real estate market heating up with the weather? According to recent Metrolist statistics, the expired homebuyer tax credit continued to boost the Denver housing market in May, as completed sales of homes and condominiums increased a whopping 20 percent from last year. The bad news? … Continue reading Denver Real Estate Update – June 2010
Calling all prospective Denver homebuyers! U.S. mortgage rates dropped below 5 percent this week, the lowest level in five months. Interest rates on U.S. 30-year fixed-rate mortgages averaged 4.93% for the week ended May 13, which is down from last week’s average of 5.00% . This is the lowest level since December 2009. If you are a … Continue reading Denver Mortgage Rates Sink to Five Month Low!
As the deadline looms to purchase a home under the homebuyer tax credit, there is good news for military families! There is a little-known special provision in the bill that extends the deadline to purchase a home to April 30, 2011 for military personnel, and active-duty service members currently living overseas. The specific details of … Continue reading Extended Deadline for Military Personnel to Use Homebuyer Tax Credits!
The deadline is looming to take advantage of the once-in-a-lifetime homebuyer tax credits! The deadline is April 30th for Denver first-time homebuyers to go under contract (to qualify for the $8,000 tax credit) and for move-up buyers to qualify for the $6,500 credit, which is less than three weeks away! It is evident from the Denver housing market’s March statistics … Continue reading First-Time Homebuyers Driving Denver Real Estate Market
There is more good news for the Denver real estate market! Denver home prices stacked up well against other major cities in the recently-released S&P/Case-Shiller Home Prices Indices. The report indicated a 2.6 percent increase from January 2009 to January 2010. This sharp percentage increase was enough for Denver to have the 6th highest year-to-year … Continue reading Denver Homes Prices Rise from Last Year
Denver Real Estate Market Bucks National Trend The Denver Post reported today that nationally, the number of previously owned homes declined 7.6 percent from December to January, while pending home sales in Denver increased 21.9 percent during the same period. This is just one more piece of good news for the Denver real estate market, … Continue reading Pending Home Sales Rise in Denver Area
TeamCox Realtors – Denver real estate specialists – and ALMC Mortgage have teamed up to offer a Homebuyer Training for 2010 Repeat Buyers and First-time homebuyers and YOU are invited! There will be door prizes, light refreshments and industry professionals available to answer questions! We will address the following topics: • Why should I buy … Continue reading Does $6,500 Cashback Sound Good?
Good News for Denver First-time Homebuyers AND for Denver Move-Up Buyers! There is more good news today for the Denver housing market. Congress has voted to extend the current tax credit for first-time homebuyers, along with expand it to include buyers who already own their homes. First-time Denver homebuyers, including anyone who hasn’t owned a … Continue reading First-time Homebuyer Tax Credit Expanded to Include Move-Up Buyers
If you are sitting on the fence, trying to decide if this is the right time to buy a home, you’ve probably heard this before. A first-time buyer, or someone who has not owned a home during the past three years, has the opportunity to take advantage of an $8000 tax credit that is due … Continue reading Buying Your First Home is No Longer Just a Rite of Passage