4 Top reasons to buy Denver Colorado real estate before April. For those still contemplating taking the plunge and whether it's the right time to buy: Some top reasons for the metro Denver consumer to buy right now.
1
. 99 days left in the extended tax credit time frame. There are no expectations this program will be extended again.
2. Fed estimates rates will rise to 6%, a three quarter raise, April 1st. The first time the strained mortgage market will run unsupported without the Fed debt purchase program.
3. The Federal Housing Administration (FHA) is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout.
4. Current metro Denver market is saturated with foreclosures, REO's, HUD's, and auctions. These can take some time to get closed.
Those thinking of buying should do so. There are significant economic benefit's to purchasing before April deadline.
If your are ready to take the plunge, give me a call. 720-581-2885 View Wheat Ridge and Golden listings.
Comments (2)Subscribe to CommentsComment