denver neighborhoods: Events of 2011 Impact Denver Homeowners - 01/07/12 03:48 AM
Many people were happy to close the books on 2011. But while the year is gone, its impacts on the housing market will continue well into 2012 and possibly longer. Here is a recap of five 2011 events that homeowners in Denver and across the country will need to keep an eye on.
 
Robo-Signing Reverberations – In 2010, some banks were accused of approving foreclosures without proper or complete documentation. In 2011, potential lawsuits made banks slow or stop their foreclosure processes, leaving affected homeowners hanging in limbo. It’s expected that settlements will begin in 2012, with a potentially large … (1 comments)

denver neighborhoods: DENVER REAL ESTATE MARKET UPDATE - DECEMBER 2011 - 12/28/11 04:23 AM

 
Market Metrics:
 
The inventory of active listings at November month end hit a new low at 12,634 units, a decline of 11% month over month and 37% year over year.  Buyer demand continues steady at a seasonally adjusted rate for the holiday season.  Declining supply and steady demand could indicate that we are poised for firming prices in the next six months.
 

 
Monthly Market Recap:
 
Average Price versus Median Price:
By definition, Average price is derived by adding all of the individual home sales prices to get a total sales volume ($) for the … (0 comments)

denver neighborhoods: Keep Your Credit Scores High to Buy Homes in Denver - 12/08/11 03:35 PM
If you’re planning any sort of large financial transaction—such as refinancing or buying a home in the Denver area—be aware of your credit score. Higher credit scores can mean a better chance of getting approved for a loan as well as a lower interest rate.
 
Here are five things you can do to help bump up your credit scores and keep them working for you whether you live in Denver, Seattle, Boston or anywhere in-between.
 
1.    Get and Check Your Credit Report Scores – Specifically, you want to look for any accounts or late payments that are not yours, … (2 comments)

denver neighborhoods: METRO DENVER REAL ESTATE MARKET UPDATE - NOVEMBER 2011 - 11/29/11 03:31 AM

Market Metrics:
 
In October, the unsold inventory of active listings in metro Denver hit a new low at 14,156 units, the second month in a row for setting a new low record.  As we are moving into new territory, there is steady demand by buyers and low inventory.  When one compares the Denver housing market to the nation, Denver continues to hold its own. When compared to October of last year, # of sales is about even, prices are about the same, while inventory is down 30% for single family homes and down 46% for condos/townhomes.  Since demand is … (2 comments)

denver neighborhoods: Home Buyers in Denver Hesitant–-and Most Everywhere Else - 11/18/11 01:13 PM
Interest rates are at record lows and home affordability is high. Yet many Denver home buyers and others across the country are waiting to buy a home, says a new survey by Move Inc. 
 
Of the 1,000 American adults questioned, 27 percent said they would buy a home in two or more years but just 2 percent will buy in the next 12 months. Those that are dragging their feet say they’re doing so because of concerns about the future of home values, the economy, and problems saving for a down payment.
 
Credit issues also share the blame. … (0 comments)

denver neighborhoods: Beware These Myths When Buying Your Denver Home - 11/05/11 02:14 PM
Most Denver home buyers know at least the general aspects of buying real estate. But according to a recent Zillow survey of 1,000 potential home buyers, there are still some areas that can confuse even the more savvy buyers.
 
Here are five myths to be aware of as you buy your home in Denver.
 
 
1.    In a normal real estate market, home values appreciate by 2 to 5 percent per year. Over the last 3 to 4 years many markets have depreciated. The Zillow survey showed that 42 percent of buyers believed the yearly increase was 7 percent.
(2 comments)

denver neighborhoods: Denver Home Prices Continue Upward Trend - 10/29/11 07:59 AM
Once again there is good news for Denver homeowners. From the latest S&P/Case-Shiller Home Prices Index, the prices of Denver single-family homes rose again in August, the fourth such increase in five months. This index report compares price trends among thousands of single-family homes in 20 housing markets.
 
With an increase of 0.4 percent, prices of Denver homes were better than all the 20 major U.S. cities in the report, which grew by only 0.2 percent. Denver also bested the group for month-over-month and year-over-year increases.
 
For the last 12 months the news was a bit less bright, with average … (1 comments)

 
Marianne Bandy, CRS, GRI, Certified Negotiation Expert (Bandy Homes) Rainmaker large

Marianne Bandy

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Parker, CO

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