Sellers listed a lot more homes in metro Denver last month, but not enough to prevent the average sales price for a single-family home from reaching a new high, according to a report Tuesday from REcolorado, the region’s multiple listing service. The average price for a single-family detached home sold in metro Denver went above… [Read More]
Lower Your Mortgage Insurance
Seasoned buyers, first-time buyers and refinancers will all be eligible toward the end of January to benefit from President Obama’s Thursday announcement that the FHA is going to chop 0.5 percentage point from its monthly mortgage insurance premium that is charged for using FHA financing. The annual mortgage insurance premium will drop to 0.85% from… [Read More]
April Report: What Is The Denver Real Estate Market Like?
March is the preview of the prime home selling/buying market: The following quote attributed to an unknown source says it best “Denver is normalizing. Inventory is steady, buyers are shopping, and sellers are ready.” The March 2011 month end inventory of unsold homes is at 19,320 units, up 3% from last month and down 6%… [Read More]
Denver job market rated 30th out of 100 Metro cities GOOD or BAD?
The Denver metro area ranked 30th in the nation for job growth over the year ending in February out of the 100 largest metros, according to an analysis of new federal data. The analysis is by G. Scott Thomas, who specializes in statistical research for The Business Journals, the national online news affiliate of the… [Read More]