The three most significant factors affecting the real estate market, nationally and in metro Denver, would be 1) low supply of available homes 2) buyer competition 3) small mortgage rate increases–in that order! Low Housing Inventory This is particularly true in high-growth cities such as Seattle, Portland, Dallas and Denver. The entry-level home segment of… [Read More]
Insider: The Makings of a ‘Hot’ Housing Market
In many popular real estate markets (including Colorado’s), sellers have sat in the driver’s seat, enjoying the fruits of what many consider a booming time in real estate. But just what constitutes a ‘hot’ housing market? With the national unemployment rate riding a 17-year low, of just 4.1%, down from 10% in 2009, a low… [Read More]
LIV SIR reports growth in luxury home sales
The onset of 2018 brought growth to the Denver metro and Boulder luxury housing market, according to a December luxury market report, prepared by LIV Sotheby’s International Realty. In addition to LIV Sotheby’s International Realty capturing the top five luxury home sales in Denver metro in the month of December, the brokerage reported increases in… [Read More]
Insider: A Year in Review – 2017
While forecasting the performance of any real estate market is never an exact science, the 2017 Colorado housing market delivered some pleasant surprises. Despite encountering some major economic events, including the presidential election and the market being faced with rising interest rates, (both occurrences of which have the potential to greatly affect market trends), the… [Read More]