denver homes: Reason #2 To Buy A Home Now
- 08/17/09 12:08 PM
Last Friday I blogged on the topic that the Denver real estate market may soon become a Seller's Market instead of a Buyer's Market. Why? Inventory is dropping especially on homes priced under $200,000 where inventory is under 3 months. A second great reason to buy a home in 2009 is the exceptionally low mortgage rates we have this year. They are not as low as they were in the first 5 months of the year; but rates in the 5's are hard to complain about. My wife and I bought our first home in 2000 when rates were above 8%. … (0 comments)
denver homes: Denver's Improving Real Estate Market
- 11/07/08 04:12 AM
In October the inventory of unsold homes in Denver plummeted by 20.1% from October 2007 inventory levels. This October there were 23,120 unsold homes available; last October there were nearly 29,000 homes for sale in the Denver metro area. Somewhat surprisingly the number of homes placed under contract in October was only down 3% from October 2007 levels as 4,504 homes were placed under contract. For all the rotten economic news in September and October I expected that this number would be down by 20% or more. But, people are still buying homes in Denver. Why? Prices have dropped and there … (2 comments)
Last Friday I blogged on the topic that the Denver real estate market may soon become a Seller's Market instead of a Buyer's Market. Why? Inventory is dropping especially on homes priced under $200,000 where inventory is under 3 months.
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