Here are some great excerpts from local experts on our Real Estate Market today. There is a lot of pent up demand for housing and if you are planning on making a transition in your home situation or have been waiting for the market to recover, NOW is the time to sell. We have rising prices in home valuations, low interest rates and favorable loan programs as well as an increasing demand for people who want to buy homes. Read what some of the leading publications in Denver are saying.
The Denver Magazine in Colorado. “Not long ago, real estate in Denver was in the weeds. In January 2009, the average home price in the Mile High City hovered around $225,000, a 30 percent drop from the market’s peak in June 2007. Homes listed on the lower end were hit even harder, dipping by closer to 40 percent. But this grim picture is now history. The catch? Per capita, there have never been fewer homes for sale in Denver. Why potential sellers aren’t selling is anyone’s guess. This is, of course, a potentially lucrative situation if you’re in the latter camp. ‘We probably have the strongest seller’s market we’ve ever had,’ says Charles Roberts, co-owner of Denver’s Your Castle Real Estate.”
“If would-be sellers realize how good the market is for them right now, come summer, Denver housing should see solid prices, quality buyers, and a healthy inventory. If the number of available properties remains low, however, bidding wars could inflate prices across the Front Range and once again create skyrocketing appreciation rates. For now, forget all that. If you’ve put off even thinking about selling your home since the market crashed, it’s time to focus, strategize, and (hopefully) capitalize on this seller’s utopia.”
The Denver Business Journal in Colorado. “Wells Fargo & Co. and JPMorgan Chase & Co. — two of Colorado’s biggest banks — have nearly halted foreclosure sales after federal regulators revised orders on how troubled borrowers were to be treated before losing their homes. Citibank Inc. is another big lender that has greatly slowed sales of homes in foreclosure, the Los Angeles Times reports.”
If you or your family are looking to buy or sell a home, Feel free to call or text me at 720-331-2444 or shoot me an email at email@example.com.