Tag: real estate agents
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Rising mortgages keeping metro Denver apartment vacancy rates low
Fast-rising mortgage rates might be denting the record home prices that Denver sellers enjoyed last spring, but they’re only serving to reinforce the low-vacancy apartment market, according to developers and recent rental data. “You’ve seen some (home) prices start to decline as new homes and resales are taking longer to sell, but that’s actually helping…
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Developers have doubts about Denver’s plan to boost affordable housing
As housing prices soar in the Denver area, a City Council committee is expected to discuss a proposal that supporters say would build and maintain more affordable units. The proposed program would ensure that developers create affordable units along with market rate condos and apartments. Builders and Realtors, however, have doubts whether those plans will help or…
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Denver homebuyers grappling with frantic seller’s market
All-cash offers. Bidding wars. Offers with no-ceiling escalation clauses. Waived home inspections, except for health or safety flaws. Sight-unseen offers sometimes within minutes of a home hitting the market. Denver-area home buyers deployed all the above strategies in recent months while attempting to land a property in the midst of what can only be described…
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‘Extreme seller’s market’ for Denver real estate
What’s being called an “extreme seller’s market” continued in May for Denver’s residential real estate, with the average sales price continuing to smash records, a pitiful amount of inventory for a market the size of Denver’s, and days a home stays on the market dwindling, according to the Denver Metro Association of Realtors. “With competition…
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Denver real estate company, startup app, capitalize on sizzling market
With a record-setting market in metro Denver, real estate companies find fertile ground for new and expanding businesses here. April saw record-high average sales prices, record-low inventory of homes available for sale and the 2020 market didn’t miss a beat during the pandemic. It’s easy to see why many companies, websites, apps, information services and…