According to a recent Denver Post report, Denver and Colorado Springs are among the metro areas recovering the fastest from the economic recession. Denver was one of six metro areas (out of the 100 surveyed) that outperformed the job creation rate during the 4th quarter, growing 0.8%, according to Mountain Monitor, a report by the … Continue reading Denver Among Areas Recovering the Fastest from Recession
As the summer winds down, there is good news and bad news for the Denver real estate market. Let’s get the bad news out of the way first. The Denver housing market continues to feel the hangover effect from the homebuyer tax credit that expired at the end of April. The number of homes sold … Continue reading Denver Real Estate Update – August 2010
My trusted friend and colleague, Karla Dimond of Wintrust Mortgage, called last week to let us know about the best jumbo loan rates/programs I have seen in a very long time. For as little as 25 percent down, the rate is as low as 4.125% for a 5/5 ARM. If you are fence-sitting on a decision to … Continue reading Amazing Denver Jumbo Loan Program
There is good news for the high-end Denver real estate market, a segment among the hardest during the downturn. The Denver Business Journal reported this week that June sales activity for Denver resales priced over $1 million hit its highest level since 2008. In June, there were 77 homes sold that were priced over $1 million, … Continue reading Uptick in Denver High-End Home Sales
There was more good news for the Denver housing market last week. According to the recently-released S&P/Case-Shiller Home Prices Indices, for the six month in a row, Denver home prices increased year-to-year. The closely-analyzed report indicated a 4.4 percent increase from April 2009 to April 2010. This is the tenth best showing in the country. … Continue reading Denver Home Prices Rise Again
Denver Named “Most Improved Housing Market” There is more good news for the Denver real estate market. Denver has been named the “most improved housing market” in the country by Businessweek. The report cited a 5.8 percent increase in Denver home prices from the first quarter 2009 to the first quarter 2010, and projects a … Continue reading Denver Named “Most Improved Housing Market”
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
The federal homebuyer tax credits that expired at the end of April caused a frenzy of sales activity throughout the Denver metro area last month. According to recent Metrolist statistics, the largest number of Denver-area homes (6,616) was put under in any April since the mid-1980s. This is a 27 percent increase from April 2009, … Continue reading Denver Real Estate Update – May 2010
There was more good news for the Denver housing market this week! Denver home prices continued to stack up well against other major cities in the recently-released S&P/Case-Shiller Home Prices Indices. The report indicated a 3.6 percent increase from February 2009 to February 2010. This sharp percentage increase – for the fourth consecutive month - was … Continue reading Denver Home Prices on the Rise
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