Fallen Denver home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, Denver rental prices are continuing to rise at a fast pace, according to a new report by Hotpads.com, a rental listing service. Rental prices in 20 of the largest metro areas increased 3.75 percent in 2011, and prices … Continue reading Rising Rents in Denver Make Home Buying a Better Choice
As soon as the ball dropped (and before), our eyes turned toward 2012, wondering what it will bring. Naturally, TeamCox Realtors has been assessing the Denver real estate market for the coming year. Here are the top Denver real estate trends that we are seeing during the first week of 2012: Increasing home sales: According … Continue reading Top Denver Real Estate Trends of 2012
It seems like the same old things are always on New Year’s resolution lists – lose some weight, exercise more, spend more time with friends, and the list goes on. Well, 2012 is also the year to consider investing in a Denver rental property. Why, you ask? Denver rents are among the highest in the country, Denver home prices are affordable and … Continue reading Resolve to Invest in Denver Rental Properties in 2012!
Happy Holidays from TeamCox Realtors! TeamCox Realtors wishes you and your family a happy and bright holiday season, filled with joy and peace. We greatly appreciate all of our clients and friends reading our blog this year and we look forward to bringing you more market updates and news in 2012! We are excited about what … Continue reading Happy Holidays from TeamCox Realtors!
If you are moving to Denver, Colorado, and plan on financing a new home, you should know that there is a difference between getting Pre-Qualified & Pre-Approved. A Pre-Approval letter is a document from the lender that confirms you can borrow up to a certain amount based on a completed loan application, credit check, tax returns and … Continue reading Obtain Pre-Approval Prior to Your Denver Real Estate Search
We hope that you had an enjoyable Thanksgiving weekend. While you were battling crowds at the grocery store last week, according to Freddie Mac, the average rate on a 30-year fixed mortgage fell to 3.98 percent from 4.0 percent, which is close to the lowest point of 3.94 percent seven weeks ago. The average rate … Continue reading Denver Mortgage Rates Fall Near Record Lows
President Obama unveiled a new mortgage plan last week, aimed at reducing monthly mortgage payments for distressed homeowners who owe more than their properties are worth (more than 125 percent of the value of their home). He announced steps for these homeowners to refinance their loans at low rates (around 4 percent). Is this plan … Continue reading Will Obama’s New Mortgage Plan Help Colorado?
There is good news on the Denver real estate front! A recent RealtyTrac report reveals that while Colorado still has the tenth highest foreclosure rate in the country, foreclosures continue to decline across the state. In September, there were 4,855 Colorado foreclosure filings, which equates to one out of every 447 housing units. This is … Continue reading Colorado Foreclosure Filings Down
Forbes Magazine recently released its list of the most expensive zip codes. Seven Colorado zip codes made the top 100 and three of them are in the Denver metro area (Boulder, Greenwood Village and Cherry Hills). A Castle Rock zip code (80108), encompassing the Castle Pines Village area, was also included in the top 500. The … Continue reading Where are the Most Expensive Zip Codes in Colorado?
Today’s Standard & Poors/Case Shiller home price index indicated an increase in national home prices by 3.6% from April-June. Also, today’s bond markets recovered much of the losses in the past week. What does this mean? Since interest rates are so low, now is simply a great time to buy and sell a home in … Continue reading Now is the Time to Buy Your Denver Home!