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 March home sales up 44% from February
Home buyers seem to be coming out in force with the warmer weather, as the number of existing homes sold in greater Denver last month jumped 44 percent over February, according to Metrolist Inc. data released Monday. In March, 3,209 homes sold and 3,571 were placed under contract. While the resales rose significantly from 2,229… [Read More]
MARS lands on Denver Realtors who do short sales
Mars is the red planet, but MARS has some real estate professionals seeing red. The National Association of Realtors is working to fine-tune MARS – the acronym for Mortgage Assistance Relief Services Act – regarding real estate brokers, although some brokers already are cheering MARS. The act, sponsored by the FTC, with relatively little fanfare,… [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]
Denver Metro Foreclosures down by 39%
FAQ’s about Short Sales in Denver #1
What is a short sale? A short sale is when a lender receives less than the loan balance when a home is sold, the bank is the one that takes the “short” amount. Each lender has their own criteria for accepting and processing a short sale. Why are some homes sold as short sales? A… [Read More]
Colorado’s Forcloser Statistics at Your Fingertips!
Consider yourself a Tough Mudder?
Test your endurance by participating in a mud run challenge at Colorado’s Beaver Creek. This is a fun way to mentally and physically push yourself to the limit as a team or with conrad’s!! Tough Mudder is an event management company that organizes and promotes the Tough Mudder Race Series. Tough Mudder races are one… [Read More]