Buying Or Selling Your Home In A Hot Market
The Denver Metro real estate market is hot! Before you buy or sell, consider what is the best decision for you! http://ow.ly/ksZB304T6Wx
The Denver Metro real estate market is hot! Before you buy or sell, consider what is the best decision for you! http://ow.ly/ksZB304T6Wx
Zillow, Redfin and Trulia all agree that Denver homes appreciated over 10% in the past year, and there are slightly more homes for sale than a year ago. Denver homes were the 2nd fastest selling homes in the nation, staying on the market only 11 days, while Seattle’s 10 days on the market took 1st place. Denver Home Appreciation Inventory Snapshot: http://ow.ly/LNDR304SURM
Denver is maintaining year-over-year home price increases above 9%, according to the latest S&P report: http://ow.ly/PNV3304CA45
Denver In Dire Need Of More Home Inventory! Denver has the smallest home inventory in the nation (1.4 months), and the least number of days on market, at 24. The national average for days on market is 54, and the national average for months supply of inventory is 3.4.According to the NAR, Denver needs 67,403 new building permits to get back to a historically normal home building pace. Read more here: http://ow.ly/ts9x304CuVV
Metro Denver’s housing market started to level off in August, prices dropping slightly on single-family homes. Denver Home Prices Level Off Slightly In August: http://ow.ly/gOyb304fDVE
Rent in Denver was most expensive in the Golden Triangle at $2,200/mo., and least expensive in Ruby Hill at $795/mo. http://ow.ly/EKHH303YZKn
Here are some points to consider about buying a retirement home before you retire, and why it’s a good idea: http://ow.ly/Wmm5303iqxF
Breakeven point is when buying costs become less than or equal to renting costs -on average it’s less than 2 yrs! http://ow.ly/Dz8M302Fb3a
The average size of a rental is shrinking while the payment is increasing: http://ow.ly/odPx302F71g #RentingVsBuyingAHome
Your DTI ratio (debt-to-income) is important because it’s what lenders use to determine how much money they will loan you. http://ow.ly/kC8e302F3OW