In 1968, mortgage rates were 8.5%. The next year, rates went down to 7%. Homeowners could buy a 15-20% larger home for the same payments if they could find someone to assume their mortgage. FHA and VA mortgages were very popular in certain price ranges and they allowed anyone to assume the mortgage regardless of […]
More millennials moving to Denver, says report
Only two other U.S. cities are attracting more millennials moving into Denver, according to a new report. http:/http://www.bizjournals.com/denver/morning_call/2016/04/more-millennials-moving-to-denver-says-report.html?ana=e_den_rdup&s=newsletter&ed=2016-04-06&u=l0iE36KwYIaL67dZzZI3E8%2FAQBr&t=1459957845&j=72106922
College graduates are flocking to these cities
“The Denver metropolitan area has become a showcase of the sunnier side of the American economy”…
Next time a client is asking why Denver’s market is so great, or they are worried about a bubble, you can tell them: The New York Times just said “The Denver metropolitan area has become a showcase of the sunnier side of the American economy”http://www.nytimes.com/interactive/2016/03/31/business/economy/100000004300634.mobile.html
Homes in the Denver metro area gained $26 billion in total value in 2014
Homes in the Denver metro area gained $26 billion in total value in 2014, a 9.5 percent increase, according to a November 2014 Zillow report .
Cost to rent in Denver metro area rising – Report from Channel 7
It definitely is paying to Buy a home vs. Rent in Denver these days – this new story from Channel 7 only confirms what many of local Realtors already know to be true – and explains some of the reasons for rentals increasing so much.