The Principal Team

Price reductions are increasing. See where the most sellers have reduced prices and where prices have been reduced less often.

Increasing inventory is not moderating price increases much. Prices are up in every category compared to April. See what happened in May.

Is it better to buy now or wait? Timing the housing market is hard. Here’s why.

The Fed raised interest rates again this week in an effort to control inflation. The rise in rates, which started in March 2022, has been the fastest rise in decades. Mortgage interest rates haven’t gone up this week, though, and are lower today than two weeks ago.

Today, the National Association of REALTORS released a report that says existing home sales decreased by 2.4% in March nationwide and were down 22% from a year before. How does what’s happening in Metro Denver compare to what’s going on in the rest of the country?

Mortgage rates are lower now than they’ve been since February, which is good news for buyers – and sellers. If more buyers enter the market, sellers could see more multiple-offer situations and have more offers to choose from. In addition, buyers could enjoy lower payments than they would when rates were higher.