Local Denver real estate news and stats

What’s the #1 pain point for home buyers today? The monthly payment as interest rates have risen by 1% over the last year. So, here’s a solution for you that I can guarantee you that many of you have never thought of as this idea goes back over 20 years.   It’s a seller paid…

The August Case-Shiller Index was released last week and it showed slowing price appreciation as prices only rose 5.8% in August from August 2017. Here in Denver our home price appreciation rate was down to 7.7%, down from the 8% increase we saw from July 2017 to July 2018.   David Blitzer, who chairs this…

SmartAsset last week ranked the best mid-size cities to live in the country and metro Denver did incredibly well. SmartAsset ranked 173 mid-size cities with populations over 100k people on 8 factors—change in median home values, monthly housing costs, income inequality, poverty rate, median household income, unemployment rate, uninsured rate, and average commute time.  …

VEROS Real Estate Solutions is predicting that metro Denver home prices will rise by 9.5% between September 2018 and September 2019. This would be the 9th highest increase in the country. VEROS has been one of the most accurate predictors over the last few years; but I don’t see our home prices rising this much…

This was the title of a story in the Denver Post last Saturday written by Aldo Svaldi. According to CAR the sales of detached homes dropped 14.6% last month state-wide from sales last September and sales of attached homes dropped 15.2%. According to CAR here are the declines reported by county— Adams–down 15.8% Arapahoe–down 17.8%…

Realtor.com had a great story on October 10th that I saw on FoxNews. This is a great story to share with your buyers who need to make ever home-buying dollar count as it lists 8 different “valuable” home features that they may or may not need. A huge yard that you will rarely enjoy A…

I received Your Castle Real Estate’s September Showings Chart which reveals on average how many showings a listing with Your Castle RE receives in a month. 2018 started very strong with the highest amount of showings ever in the months of January and February. Then, showings dropped for 4 consecutive months through June. Still June…

A big story in the Denver Post this past Saturday was this story based on predictions by Location Inc. They are predicting that metro Denver home prices will peak in the first quarter of 2021 and that average home prices will fall on average 10.5% over the next 5 years.   Location Inc.’s “Model looks…

CoreLogic released their July mortgage delinquency report for the nation and each state. Here are Colorado’s stats— Our 30 day delinquency rate dropped to 1.9% this July from 2.3% last July. Our 90 day+ delinquency rate dropped to 0.5% this July from 0.7% last July. Our foreclosure rate dropped from 0.2% last July to 0.1%…

The Denver Post had a great story last week on how modular home factories are expanding in the West and one is now shipping to CO. Adam Berger a local developer is currently building duplexes with 3 beds, 2.5 baths and 1765 square feet for a price of $429k per unit or a price of…