Interesting… Looking back at last year at this time, the difference is that inventory has increased 81%! What’s also interesting is to find out that the time on market also went up considerably – almost to two weeks on average before properties went under contract. This is in stark contrast to only eight days last
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making
Is the Shifting Market a Challenge or an Opportunity for Homebuyers? If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising
How quickly have things changed in the Denver Real Estate Market. Overnight. Inventory is now up almost double – 94.1% from June 2021 to June 2022. “Well, it’s about time” is what we should be saying if we are buyers. Is that really what buyers are saying, when interest rates are choking their budgets now?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial
The times, they are a-changing A summary of some statistics that we track monthly to give you the big picture. Here’s a look at May 2022: There were 3,652 active listings in May, an increase of 76% from the prior year prior. The average length of time listings were on the market was down to
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is this a housing market correction or crash? Here’s what you need to know. The pandemic housing market was record setting The housing market is moderating compared to the last two
A recession does not equal a housing crisis. A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. What is a
The Denver Market Shift That’s right. The market is finally decelerating, in major part to interest rates above 5% for the first time in years. Prices have gone so high. There is simply so much buyers can handle in terms of appreciation. In the last 2 years alone prices have gone up 40% here in