November 08, 2022 07:45 AM REPORT We are still having a a good market for sellers but this past week 62% price decreased in some homes. The median price of homes is $579,500. Average days on market is 42 days wish is part of the reason we seen some homes decreased their prices. Inventory is up to 150 homes which is a big increase compare to April. Average rent price is $2650 for single family home. Looking to buy or sell, give me a call at 303-358-1147. Posted by Will Hamm, Hamm Homes LLC. Aurora, Colorado HammHomes@ymail.com Call me at: 303-358-1147 Find … Continue reading...
The latest on Supply and Demand
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand) have softened by just over 12% compared to the same time last … Continue reading...
Highlands Ranch 4 year market report!
Buyers in Highlands Ranch, if you where looking for a great investment, real estate is still the way to go. Do you know is you purchase a home in July 2019, the average price in Highlands Ranch was $569,750, In 2020 the average house was $610,000 and 2021 it went up to $689,000 and now the average house in July 2022 is $735,000. That is better then what you could of got from the stock market and look at the rent you would of saved and the tax deduction on interest you would of got. Call me for to set up a time to look at homes for your future investment. Why pay rent were you only … Continue reading...
Denver Stats
Homes More Likley to Sell at Asking Price According to DMAR, the close-price-to-list-price ratio was down to 100.81 percent, a clear indication that the market has shifted and most buyers are no longer paying over asking price for homes. July saw an increase in active inventory by a whopping 81.48% when compared to July 2021. Denver metro only had 4,056 homes for sale at the end of July 2021 and at the end of July 2022, we had 7,361. Homes Taking Longer to Sell For the first time since February of 2020, days on market went up year … Continue reading...
Arvada, Aurora, Castle Rock Market Report
Here are three city with Medium price for their cities. City Medium List Price DOM Inventory Med Rents Aurora 639,900 7 364 $2843 Arvada … Continue reading...
Denver Information
Higher interest rates, now solidly above 5% on a 30-year mortgage, likely helped slow home sales in metro Denver last month, and the number of listings available is surging. But when it comes to calming those gale-force gains in home prices, the windows are still rattling something fierce. The number of residential properties available for sale shot up another 44.2% between March and April, following an 81% gain between March and February, according to a monthly update from the Denver Metro Association of Realtors, which covers an 11-county area. Normally, the gain in listings between … Continue reading...
Housing Forecast
2022 Housing Market Forecast Some Highlights What does the rest of the year hold for the housing market? Here's what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. … Continue reading...
Looking at the Market
This past week, home loan rates touched the highest level in a decade as global bond yields were on the rise. Let's discuss some potentially positive signals for those looking for a rate peak as well as what to watch for next week. "So, you got to let me know, Should I stay or should I go" Should I Stay or Should I Go ... The Clash "Be greedy when others are fearful" – legendary investor, Warren Buffet. The rate of change or the speed at which home loan rates have moved higher is historic. It has also elevated uncertainty and fear that rates … Continue reading...
Mortgage Rates
Higher Rates Equal Higher Borrowing Costs What a difference a couple of months make. In early January of this year, the 30-year fixed-rate mortgage was hovering near the low 3% level and just above record lows. The lowest on record was seen in January of 2021 at 2.65%. But that was fairy tale land, and those bottom basement numbers could be a thing of the past. However, as we know, anything can happen. The current rate is around 5.0%. Inflation has surged to a point where the Consumer Price Index, a measure of consumer goods and services, is at a 40-year high. That has caused bond prices … Continue reading...
Rising Mortgage Rates
How To Approach Rising Mortgage Rates as a Buyer In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even … Continue reading...