The average asking price for rental housing in the Denver area was up 10.9 percent in June from a year earlier, the third-biggest gain among large U.S. markets in that period and twice the nationwide increase, according to a report Tuesday from Trulia Inc.
Denver’s rent increases over the 12-month period were exceeded only by …
Continue reading →Michelle Ackerman, a real estate broker for Redfin in metro Denver, said about 30% of her customers are millennials, who are particularly well-informed about the housing market and have researched the sellers and their properties thoroughly. Ackerman said that in many cases, her millennial clients borrow money from their parents to meet the 20% down-payment requirement, leave the market for a year to save up, or look at more modest options. “I think that what they are looking for has changed,”
Continue reading →DENVER LEADS THE PACK: Several Cities Declared “in the Clear” from Downturn per Trulia. The top 6: Denver, San Jose, Pittsburgh, Little Rock, Austin, and Colorado Springs. Prices rose higher and faster in Phoenix, Miami, among others, but Trulia brands them “at risk.”
Continue reading →Another month, another shot of good news about metro Denver home prices, as the most recent CoreLogic home price index (HPI) report shows Denver’s home sales prices continuing to rise. The Denver-Aurora-Broomfield area saw home prices increase by 6.5% in May compared with May 2011. That number included distressed sales. That’s at least the fourth month in a row metro Denver’s HPI has posted year-over-year positive gains.
Continue reading →What do potential home borrowers, especially first time home buyers need to do before getting a mortgage? Today, there are so many factors at play: your job, how you are paid, money in the bank, your monthly debt payments, your … Continue reading →
There is a sense of security when you have a Colorado home warranty. It guarantees that if anything goes wrong in the first year you are covered. A home warranty is a service agreement that provides repair and replacement for … Continue reading →
Buying a new home is probably the biggest investment you’ll ever make. And it’s a decision that will affect you for years to come. The process can be extremely stressful and confusing. And of course there is always considerable risk … Continue reading →
Considering Rental Properties? Today is a great time to get into the landlord business. Finding the right property at the right price and in the right location can be an extremely profitable venture. In contrast, the wrong property in the … Continue reading →
When the listing service defines the property as a “fix up”, that fix up could be as simple as replacing the carpet and repainting or as complex as mud-jacking the basement floor, replacing copper pipes and rewiring the entire house. … Continue reading →