Our Denver clients often feel that they are the only buyers out there with the courage to purchase a home.  Well, listen up Denver homebuyers! You are definitely not alone. Investors, first-time buyers, and Denver move-up buyers are all out exploring the Denver housing market. Not only have Denver interest rates remained low, but the Denver inventory of homes for sale is still pretty darn good. 

Here is some encouraging news from the National Association of Realtors:

There’s good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9%  this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012.

All of this is great news for the Denver real estate market. If you are in the market for a new Denver home, or if you are still sitting on the fence, please give a TeamCox Realtors a call at 303-400-6060. 

Homeownership is still the single best way to financial freedom!

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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 Denver homebuyer, don’t miss your opportunity to take advantage of these once-in-a-lifetime interest rates. Low interest rates can dramatically increase your buying power.

For information on Denver real estate, or for Denver mortgage lender recommendations, please contact TeamCox Realtors at 303-400-6060.

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Calling ALL Denver Homebuyers (Not Only the First-Timers)!

You already own a home, and you may be longing for a new one. You’ve sadly watched as all of the recent incentives have gone to first-time homebuyers. Well, it’s your turn now – the newly expanded $6500 tax credit is all yours! 

There are several incentives that make this too good of an opportunity to pass up:

• There is currently a significant inventory of replacement homes (priced above $350,000) available in the Denver area.
• Interest rates are under 5 percent, which will not last as inflation will begin to impact the national economy. In approximately a year’s time, these low rates will be gone for a very long time, possibly forever. Purchasing a home with one of these very low interest rates will guarantee you a 5 percent rate for 30 years! 
• Denver’s very low (by comparison) unemployment rate of 7 percent is just one of the contributing factors that makes Denver one of the few U.S. cities to have a 1.8 percent housing price increase over the same period last year. 

We sincerely believe the worst has passed for the Denver housing market. If you have even considered purchasing a new home to create a better lifestyle for your family, do not let this perfect coming-together of reasons to buy a home in early 2010 pass you by.  To qualify for the tax credit, you must have a home selected by March 30, 2010 and close on that home by June 30, 2010.  It is also important to know that the National Association of Realtors worked very hard to get the first-time homebuyer tax credit extended to include move-up buyers.  The NAR was told, in almost no uncertain terms, this bill will not be extended beyond March 30, 2009.  Time to get moving!

For information on purchasing a home in the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.

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Are you a persepctive Denver homebuyer who is ready to go, but lacking a 20% down payment? We may have an answer for you! People often struggle for years to save up a 20% down payment that is required by most mortgage programs, but with an FHA mortgage, you can enjoy the pleasures of owning a home, but you only have to come up with a 3.5% down payment! Make your dreams a reality much sooner than you ever imagined.

Please contact TeamCox Realtors – your Denver real estate specialists - at 303-400-6060 to learn more about an FHA mortgage program.

TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own

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• The required down payment for FHA loans will also increase from 3% to 3.5%.    

   

• There is a new $7500 homebuyer tax credit that is available for any qualified purchase between April 8, 2008 and June 30, 2009. The credit is repayable over 15 years, which makes it in effect, an interest-free loan.

Please click here to read more about the changes in store for homebuyers. For more information on how the new law will affect you, please contact us at 303-400-6060. TeamCox , Denver real estate specialists, would love to help you find your dream home.

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There has never been a better time to dive into the Denver real estate market! Prospective Denver homebuyers were given an extra incentive last week (the week ending November 29th) to take the plunge into the Denver housing market, currently a strong buyer’s market. Nationally, 30-year fixed mortgage rates fell to 6.10 percent from 6.20 percent, the lowest level the lowest rate since October of 2005.

If you don’t already own a home in the Denver metropolitan area, now is the time to buy one! There are many beautiful homes to choose from that boast very attractive price tags. Falling interest rates is just one more component that makes home ownership in the Denver real estate market very appealing. TeamCox Realtors urges you to take advantage of the current Denver housing market’s idyllic situation – a buyer’s market coupled with falling interest rates.

Are you ready to search for your dream home? Please contact TeamCox Realtors for information on buying a home in the Denver real estate market.

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Similar to the Halloween decor that adorned our homes last month, the Denver real estate market was a bit spooky during the month of October. 

According to a recent article in The Denver Post, prices and sales of existing homes declined in October from September and from October of 2006. The numbers aren’t pretty – sales of existing homes were down almost six percent from October of 2006 and the median single-family home price dropped 5.4 percent to $234, 200 from October of 2006. 

The Denver condo market didn’t fare much better. According to The Denver Post, the median price of Denver condos decreased 6.7 percent in price to $140,000. However, the Rocky Mountain News reported that condo sales shot up over ten percent from October of 2006.

Is there a bright side to all of this? Many experts agree that October shaped up to be a better month than expected The Rocky Mountain News reported that there was a 7.3 percent increase of homes placed under contract from September to October, which is only a small (1.5 percent) decrease from the number of homes that were placed under contract in October of 2006.

In addition, the Denver real estate market hasn’t seen the more dramatic decreases that other areas across the country have experienced.

This picture could not be rosier for potential Denver homebuyers. Don’t miss your chance to be in the driver’s seat. For more information on the Denver housing market, please contact TeamCox Realtors. We constantly monitor the ever-changing conditions of the Denver real estate market and would be more than happy to share our insight with you.

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A soon-to-be first-time homebuyer just called to discuss how they can go about buying their first home. First time homebuyers are a true joy to work with. Usually, as is the case with this caller, they cannot wait to get out of their apartment and buy their first home. They see their new home as a place where they can have a small yard for the dog they don’t yet own. She specified a good school district for the child they also don’t have yet. This is the kind of anticipation of wonderful things to come that makes the first-time buyer such fun to work with.

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Many Denver area homebuyers, inlcuding those relocating to Colorado, are attracted to the top-notch quality of life, natural beauty and to the coveted schools in Douglas County, Colorado. Pradera, a popular community located in Parker, Colorado, has all of this so it is a natural choice for homebuyers looking for homes on larger homesites that range in price from around the half million-dollar mark to over two million.

Pradera, the site of the 2005 Parade of Homes, is an impressive golf course community that showcases the best of Colorado with its natural beauty, miles of open space, mountain vistas and architecturally stunning homes. Since construction at Pradera has been in full swing over the past few years, many resale and newly built homes are available to Pradera homebuyers. Golden Design Group and Joyce Homes are among the homebuilders at Pradera in addition to sixteen exclusive custom homebuilders.

Although Pradera has a Parker mailing address, it is nestled right in between Castle Rock and Parker and is easily accessible from both I-25 in Castle Rock and Parker Road.  Because its location, Pradera residents are able to enjoy the sought-after recreational opportunities and conveniences of both the Parker and Castle Rock areas. The community is also within the boundaries of the first-rate Douglas Country schools of Mountain View Elementary, Northeast Elementary, Sagewood Middle School and Ponderosa High School.

For more information on Pradera real estate, please contact TeamCox Realtors. TeamCox Realtors is here to assist you find a community that is perfect for you!

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Are you looking for a new home in the Denver metro area? TeamCox Realtors is proud to offer one of the best MLS search tools in the Denver real estate market. Since we recognize that every homebuyer has unique needs, we are committed to providing Denver homebuyers with the best tools available to find their perfect new home.

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