Denver Real Estate Market - Positive Signs Being Observed

By
Real Estate Agent with Keller Williams Realty DTC

We have been noticing several articles/statistics recently that point to various housing indicators with a positive outlook for the Denver Metro area.  This week, we compiled several of the articles into a mailing for our clients. Here is the information we sent.


Denver's Home Prices Inch Up

Highlight: Metro Denver home prices moved higher for the second month in a row in May, raising hopes that the region's long- suffering housing market could be stabilizing. Metro home prices rose 1 percent in May from April, adding to a 0.8 percent gain in April from March.

Denver Prices Holding Up in Housing Study

Highlight: Denver-area housing is bucking a national trend, showing a price decline of only 4.8 percent in May from May 2007, according to the S&P/Case-Shiller Home Price index released on Tuesday. During the same period, housing prices in the 20 metropolitan areas tracked in the report declined by a record 15.8 percent.

PMI Summer 2008 Risk Index Indicates Risk Intensifying in Areas With Previous Rapid Home Price Growth

Highlight: The estimated percentage risk that home prices will be lower in two years in Denver is less than 1%.

Rocky Mountain News Blog: Expert Likes Trend in Market

Highlight: Mid-summer housing data are showing favorable swings in inventory and sales that haven't been seen in the Denver metropolitan area in five years…The data indicates a return to rising home prices early in 2009.

Time to lock in your mortgage rate: Home buyers may find big savings in locking in mortgage interest rates.

Highlight: Today’s mortgage market is very volatile, and rates are trending upwards. So losing out on a good deal may mean it's gone forever. If buyers see a bargain, say experts, they should pounce.

 

denver co real estate

 

We'll be continuing to keep a close eye on the Denver Real Estate market data and will report here on any additional interesting trends. Keep on reading!

 

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Wendy Bibeau

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