2024 Real Estate Market Recap: Key Trends and Insights
The 2024 real estate market was characterized by dynamic shifts, influenced by fluctuating interest rates, evolving buyer preferences, and regional disparities. This comprehensive overview delves into the year’s most significant trends, supported by pertinent statistics and expert insights. Interest Rate Volatility At the outset of 2024, industry forecasts anticipated a gradual decline in mortgage rates. […]
The Impact of High Mortgage Rates on Denver Homebuyers in late 2024
Denver’s Shifting Real Estate Landscape The Denver housing market has long been known for its competitiveness and rising prices. However, the recent surge in mortgage rates has introduced a new dynamic, significantly impacting homebuyers in the Mile High City. Let’s explore how these elevated rates are affecting the market and what it means for those […]
Existing-Home Sales Bounce Back, Post gains in all Regions
After 2 straight months of existing-home sales declining, the sales rate rose in May, according to NAR Existing-home sales enjoyed a 2.5 percent month-over-month bump from April to May, according to the latest data from the National Association of Realtors (NAR), released Friday. Sales had declined in each of the past two months. The seasonally-adjusted […]
Homes for sale in Denver saw another big jump last month, reaching its highest level in nearly 6 years
According to new monthly data released by the Denver Metro Association of Realtors DMAR), May ended with 8,891 active listings, an increase of nearly 27% from the month before and a 38% increase from May 2018. May’s inventory was also the highest the market has seen since November 2013, when there were 9,352 homes on […]
2 Reports That Say Now Is a Great Time to Sell Your House
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]
