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June Market Report Month-over-month numbers for May The number of homes sold, the average closed price and the median closed price were all down in May, but the active inventory and number of homes under contract were up significantly. Active Inventory: 7,170, up 4.6% Pending: 4,979, up from 2,359 Closed Homes: 3,152, down 19.71% Average […]
Front Range Real Estate Market Update, June 2020 Read More »
Market Update, May 28, 2020 Mortgages are on our minds again this week. Rates set a new record low for the third time in three months. The average rate for a 30-year fixed mortgage fell to 3.15% this week. In fact, Freddie Mac data over the past five decades shows this is the lowest rate recorded.
Front Range Real Estate Market Report – May 28, 2020 Read More »
Curbed just released a list of the Top 10 Cities to move to right now that aren’t on the coasts – and Denver comes in at Number 5. Also on the list are Arlington, VA (No. 1), Boise (No. 2), Provo, UT (No. 8). Curbed writes: “Denver can seem effortlessly cool compared to
Happy New Year! I hope 2020 is off to a great start for you and your loved ones. The real estate market, as always, is changing! Inventory is scarce. There just aren’t many homes for sale. In fact, we finished 2019 with almost 10% fewer homes to choose from than we had at the beginning
Thoughts on the Market Last Year and As We Begin 2020 Read More »
As we approach 2020, we can look back at the first three quarters of 2019, January through September. During this period, parts of the Metro area saw price growth, but not like last year. In some parts of town, we saw price drops compared to 2018. Last year, only one zip code experienced a year-over-year
Thoughts on the Market Now Read More »
Is it always recommended to order a home inspection when buying a home and, if I do, what can I expect? I always recommend that buyers get a complete home inspection before closing on a home. A qualified, licensed home inspector will have a much better chance at spotting potential problems than a typical buyer.
Or a nurse? A veteran or a firefighter? Do you know a volunteer or first responder? We help our community’s heroes save big when they buy or sell a home with The Principal Team. We offer closing cost rebates and home-buying discounts to the heroes in our Colorado communities! If you or someone in your
Mortgage rates tumbled in March, experiencing the biggest one-week fall in a decade. Your mortgage rate affects how much your monthly mortgage payment is and the total amount of interest you pay over the life of your loan. Lower rates can add up to big savings over the life of a loan.Mortgage rates tumbled in
Buyers Get a Break with Lower Interest Rates Read More »
Many people like to invest in real estate because it’s a tangible investment, unlike stocks and bonds. You can’t see or touch a stock (you could probably see or touch a stock certificate, but it’s not really the same thing) like you can see or touch a house or an apartment. And if the real
5 Things to Consider When You’re Buying Real Estate Read More »
Market Insights In February, for the first time in seven years, median home prices in Metro Denver declined compared to a year ago. The last time we saw a year-over-year decline in prices for single-family homes was in October 2011. For condos, it was in 2012. Sellers may not be happy to hear this, but
Metro Denver Real Estate Numbers for February Read More »
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