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...
What the Average Homeowner Made in the Last Year in Equity
If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great news for you. Here’s how it happened. Home values are on the rise thanks to low housing supply and high buyer demand. Basically, there aren’t enough homes available to meet this high buyer interest, so bidding wars are … Continue reading...
Why We are Not in a Housing Bubble
With home prices continuing to deliver double-digit increases, some are concerned were in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn't driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more … Continue reading...
Markets
Hot, Normal or Cold Markets: When Should I Buy? Hot, Normal or Cold Markets: When Should I Buy? Picture credit to ListReports Many people are sitting on the fence trying to decide if now’s the time to buy a house. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if you should buy now or wait another year, ask three simple questions: Do I think home values will be higher a year from … Continue reading...
Search Properties on HammHomes.com
Did you know you can search properties on my website? Click here to check out my full MLS search on our website! Simply enter the qualities you want most in a home and instantly view homes that match your criteria! … Continue reading...