Tag: Interest Rates
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Denver housing market’s peak season off to better start from pent-up demand
As the weather heats up each year, so does Denver’s housing market. While last year’s spring selling season — when the number of homes sales typically peak in the region — cooled due to high housing prices and rising interest rates, the market this year is showing signs of a better start. A surge of homes…
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Denver homebuyers seeing more choices on market at start of 2024
With the start of the year, the Denver housing market shows hopeful trends ahead of the spring selling season. The number of homes on the market spiked last month in the 11-county Denver area, according to the Denver Metro Association of Realtors’ January Market Trends report. The number of homes on the market typically dips…
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Rising interest rates jinxing the Denver housing market, says new report
In a month when a late monsoon is cooling summer temperatures around the Mile High, interest rates are chilling the area’s real estate market, according to a newly released report by the Denver Metro Association of Realtors. While real estate agents have hopes that rates will fall later in the year as inflation lessens, that’s…
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Metro Denver for-sale homes inventory up, buyers cautious
Home buyers appear to be waiting to jump into the Denver housing market amid high interest rates, according to the latest Denver Metro Association of Realtors monthly Market Trends report, which also noted growing inventory combined with slower market activity. Home sales were significantly lower this June as compared to 2022. Market-wide, there have been…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
U.S. Sen. John Hickenlooper called for the Federal Reserve to pause rising interest rates Thursday in a stern letter to Fed Chairman Jerome Powell. The central bank has increased interest rates five times this year in an effort to combat skyrocketing inflation by slowing the economy and easing pressures on prices, The Washington Post reported.…
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Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors Market Trends report. The average sales price for multifamily…
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March a record-setting month for home sales in Denver
Facebook Twitter WhatsApp SMS Email Print Copy article link Save March brought a record-setting month to the metro Denver residential real estate market, according to the Denver Metro Association of Realtors. With historically low inventory and historically high prices, it’s an awful time to be a home buyer here. “It’s tough when buyers come into…