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79% Say Now is a Bad Time to Buy a Home

Fannie Mae released their latest Home Purchasing Sentiment Index last week which revealed that 79% of consumers believe now is a bad time to buy a home. Why? Fannie said “These results suggest that increased mortgage rates, high home prices, ...

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Let’s Compare 2019 vs 2022

Comparing numbers to our Covid years of 2020 and 2021 is almost foolish as one can’t imagine we will ever see 2 years like that again with mortgage rates in the 2’s and 3’s and the work from home phenomenon. So, how does May 2022 compare ...

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Should You Wait to Buy Until Rates Drop?

Barry Habib from MBS Highway had a conversation in the last week with Dr. Lacy Hunt who is one of the top economists in the world and one of very best bond fund managers of all time. Dr. Hunt believes a recession is inevitable but thinks it won...

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Denver’s Biggest Events for July 2022

Cherry Creek Arts Festival (July 1–3, 2022) – The Cherry Creek Arts Festival is an innovative outdoor fine art event featuring 220 juried artist exhibitors selling original artworks, family-friendly art activities, live music, immersive...

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Denver Home Prices Up Over 20%

Case-Shiller released their Home Price Index report last week for the month of March and it showed nationally that home prices rose by 2.6% in March from February and prices are up 20.6% year over year. Here in Denver home prices rose 4.5% in M...

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Inventory Increases by 76%; But…

DMAR released their May report last week to much “fanfare” because home inventory levels increased by 76% from May 2021 as there were 3,652 properties for sale as of May 31st in our 11-county area. Still there is only 0.67 months of invent...

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Real Estate Market Trends Report | JUN. ’22

May 2022 showed a tale of two markets, with detached median and average prices not increasing at the same rate as attached but still representing a very hot market overall. After consecutive months of appreciation, negotiations and bidding w...

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Nationally We Need 4.5 Million More Housing Units

Here are some great national housing stats and I am watching these too to see how Denver compares with trends nationally. · Zonda reported that their first quarter New Home Lot Supply Index dropped 20% from a year earlier down to 38.6. 100 re...

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