Do these really low interest rates I keep hearing about really save that much money on a home loan? I have gotten this question a bunch lately, people wondering if all they are hearing lately about interest rates is really worth paying attention to or just another media story blown out of proportion. The answer is absolutely and completely [...]
If you are looking for a new place in Denver, and your price range is hovering anywhere in the Under $200,000 range, chances are you are coming across many Short Sales. Don't run away screaming, or refuse to look at thembecause with a little patience you could get a great deal. Plus, if you eliminate Short Sales from your search completely, [...]
I've heard agents around the office lately commenting on the fact that showings on their listings have slowed down a bit since the Homebuyer Tax Credit expired, and I have seen some of this with the LIVE Local Team listings. We have a handful of properties in the $250-300,000 price range that are hanging out on the market a bit longer than [...]
Effective October 1, 2010, Fannie Mae, the entity responsible for maintaining a secondary market in home mortgages, is increasing a buyer's wait period if the buyer has experienced a foreclosure. [...]
I saw that mortgage rates hit a new all time low today. Does this mean that they are going to stay this low forever in Denver? The answer unfortunately is probably not. With the average 30 year fixed rate loan dropping to 4.69% this week, it is truly amazing how the rates keep falling. Hopefully they will keep going down further, but if [...]
Many first time home buyers took advantage of the $8,000 First-time Home Buyer tax credit and are getting ready to close on their new home. Did you know that there are other great incentive programs available to first time home-buyers? Below is some information from the Denver Office of Economic Development regarding the City and County of Denver 2009 Mortgage Credit Certificate (MCC) [...]
Five Points Market Report - Denver Colorado Real Estate
The median sales price for homes in Five Points, Denver for Mar 10 to May 10 was $221,750 based on 50 sales. Compared to the same period one year ago, the median sales price increased 7%, or $14,548, and the number of sales decreased 10.7%. Average price per square foot for Five Points
[...]Congress Park Market Report - Denver Colorado Real Estate
The median sales price for homes in Congress Park, Denver for Mar 10 to May 10 was $301,700 based on 42 sales. Compared to the same period one year ago, the median sales price decreased 18.5%, or $68,300, and the number of sales decreased 2.3%. Average price per square foot for
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