4 Factors Boosting Housing This Month

4 Factors Boosting Housing This Month Four current housing market factors that will likely translate into greater sales this April, include: 1. Low mortgage rates: Rates are hovering near the lowest averages in the past three years. 2. More urgency: Many buyers were frustrated last year with their inability to buy. This spring, they’re heading… [Read More]

Why Your Home Buyers Really Need to Hurry

Why Your Home Buyers Really Need to Hurry Home buyers are expected to outnumber home sellers this spring, which likely will drive up asking prices, according to Lawrence Yun, the chief economist for the National Association of REALTORS®. “There’s a decade of pent-up demand,” said Bob Walters, chief economist of Quicken Loans. One piece of… [Read More]

Colorado’s real estate tax rate on the lower end in nation

Colorado’s real estate tax rate on the lower end in nation Colorado’s effective real estate tax rate is on the low end, at 0.62 percent, according to a new report compiled by financial analyst site WalletHub. The rate – calculated by dividing the median real-estate tax payment by the median home price – places the… [Read More]

Millennials Are Heading to the ‘Burbs, After All

Millennials Are Heading to the ‘Burbs, After All Millennials are leaving the city.  While many millennials choose to live in urban areas as renters, when they’re ready to buy, they’re increasingly seeking single-family homes outside of urban areas.  The percentage of millennials purchasing a home in an urban or central city area fell to 17%… [Read More]

Denver Area: Average home-price growth 9% Y-O-Y in February

Denver Area: Average home-price growth 9% Y-O-Y in February After months of double-digit home-price appreciation, the metro Denver area clocked average home-price growth of 9% year-over-year in February. The average price of a home, including both detached houses and attached homes like condominiums and townhomes, grew to $377,917 last month. Inventory once again dipped in… [Read More]

Plan for developing I-25/Broadway site gets 1st hearing

Plan for developing I-25/Broadway site gets 1st hearing Yesterday, the Denver Planning Commission approved a plan for a mix of residential and commercial development at the light rail and bus station at Broadway and I-25.  It’s one of the busiest stations in the Regional Transportation District’s metro-wide region, and it’s adjacent to the redevelopment taking… [Read More]