The market is changing, but we're still in a seller's market! Buyer's you have more power right now, so take advantage of it! Need help navigating Denver's real estate market? You know who to call.📲
More buyers of homes under $400,000 will be able to save on the cost of an appraisal. For the first time in 25 years, federal regulators have approved a plan to allow more properties to be subject to an evaluation instead of an appraisal. This will save some borrowers hundreds of dollars in the buying process.
Local title companies are seeing a typical pace of fourth quarter business, if not slightly more active than this same time last year. Investors are becoming more active as they sense a transition in the market where sellers are finally more negotiable. Prior to this point in the market cycle, investors did not sense as much safety or opportunity of timing that fourth quarter often brings.
Mortgage rates will continue to be low. Add this to increasing wages, low inflation and lower appreciation, housing affordability is at an all-time high (since 1991).
Neighborhoods located within a half-mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released by the American Public Transportation Association and the National Association of REALTORS®.
iBuyers are doing a good job at getting their message out there. They are making the job of buying and selling homes simple, but they neglect to mention that they are leaving 10 - 20 percent of the seller's proceeds on the table. Despite that statistic, they are making inroads in the market. They are buying over 2,000 homes per month!
*All information comes from DMAR*