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Not Ambiguous Denver Real Predictions for 2022

The home you are looking for is still out there: Sellers who lowered their list price weekly over December increased from .5 percent of all listings to 2.8 percent. If you are buying, keep your eye on properties that may drop to the point that works for you.

Put on your superhero cape and jump into purchasing power mode: The median rent nationwide increased 19.7 percent, six times faster than pre-pandemic rates. Denver’s rent is up 17.7 percent on average, almost a $300/month jump. That same $300 translates to $70,000 more in purchasing power for a buyer! If you are a renter and haven’t yet set your 2022 goals, add homebuying to your list!

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Buyers Want To Know, Why Is Housing Supply Still So Low?

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale.

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you

01/24/2022 READ MORE

With Mortgage Rates Climbing, Now Is The Time to Act

With Mortgage Rates Climbing, Now’s the Time To Act

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality.

Mortgage rates are increasing, and they’re forecast to be even higher by the end of 2022. If you’re planning to buy this year, acting soon may be your most affordable option. 

01/24/2022 READ MORE

Two Ways Homebuyers Can Win In Todays Market

The earlier you act this year, the more affordable your purchase will be. That’s because experts project mortgage rates will rise as we move deeper into 2022. According to Freddie Mac, the average 30-year fixed-rate mortgage is expected to be 3.5% by year’s end. Experts forecast home prices will rise as well.

That means the longer you wait, the more it will cost you to buy a home. Instead, act early and purchase your home before rates and prices rise further. Not to mention, the sooner you buy, the sooner you can experience the benefits of continued home price appreciation yourself. Once you have your home, you’ll be able to watch its value rise, giving you confidence that your investment is a sound one.

01/17/2022 READ MORE

Not Ambiguous Denver Real Predictions for 2022

The home you are looking for is still out there: Sellers who lowered their list price weekly over December increased from .5 percent of all listings to 2.8 percent. If you are buying, keep your eye on properties that may drop to the point that works for you.

Put on your superhero cape and jump into purchasing power mode: The median rent nationwide increased 19.7 percent, six times faster than pre-pandemic rates. Denver’s rent is up 17.7 percent on average, almost a $300/month jump. That same $300 translates to $70,000 more in purchasing power for a buyer! If you are a renter and haven’t yet set your 2022 goals, add homebuying to your list!

01/17/2022 READ MORE

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