Denver Happenings Archives

Homefront Highlights

15 April 2:28 pm

March 2024 Housing Update “No matter how long the Winter, Spring is sure to Follow.” ~ Maya Angelou Pending Home Sales are Up: Homebuyers continued to enter the Denver metro housing market. In March, 4,343 new contracts for home purchase across the Denver metro area. That’s 8% more than last year and 33% more than last month. Homes pending purchase is a leading indicator of future home sales. Days on Market Down: In March, homes spent a median of 12 days actively available for sale, according to REcolorado data. Buyers sped up their decision making, executing contracts on homes nearly…

February 2024 Housing Update

18 March 1:52 pm

“Don’t wait to buy real estate. Buy real estate and wait.” ~ Will Rogers, actor February Continues to Boost Inventory Inventory levels at the end ofFebruary were 25% higher than last year and 176% higher than two years ago thanks in part to sellers bringing listings to the market. Data shows double-digit increases in the number of New Listings for the second consecutive month as sellers brought 4,267 homes to the market. Buyer Activity Up and Days on Market Down Home shoppers were active in February. Throughout the month, they executed contracts on 3,454 home listings. The number of listings pending sale…

Demystifying the NAR Settlement

16 March 11:54 am

Understanding Its Possible Impact on Real Estate In recent days, the real estate world has been abuzz with discussions surrounding the National Association of Realtors (NAR) settlement . With significant implications for real estate agents, home buyers, and sellers alike, it’s essential to unravel the complexities of this settlement and understand its broader ramifications. Today, we’ll delve into the details of the NAR settlement, exploring its origins, key components, and the potential effects on the real estate industry. Understanding the NAR Settlement: The NAR settlement stems from 2 lawsuits one class action and one filed by the Department of Justice…

The Many Faces of The Denver Housing Market

3 May 3:05 pm

As we head closer to the much-anticipated Spring Real Estate Market we are seeing a split view. Our client’s stories vary, on one hand they are seeing homes under 400K selling for less than asking price with lots of contract contingencies. The other hand in the luxury market (above 1 million) experiencing multiple CASH offers with no contract contingencies accepted (The stats say otherwise by the way: Homes under 1 million getting 100% of asking price and homes selling over 1 million getting 99.23% of asking price). In most cases these stats do not support what our active clients…

Real Estate March Madness

19 April 3:59 pm

A Busy March If you thought the basketball version of March Madness was Mad hold on to your nets because it clearly bounced into the Real Estate Industry as well. Between Mortgage Rates, CPI, the Fed, lack of inventory and of course bank failures we were all over the place nationally and regionally last month. Active inventory is up, closed homes sales are up, average close price is up and days on market are down (see stats below for exact numbers). All of that speaks to a very active Metro Denver Real Estate market for the month of March. Last…

Denver Happenings March 2023

22 February 3:51 pm

Just like that, it’s March! Spring and Summertime are just around the corner, but don’t miss out on some of next month’s Denver-Colorado must-do’s! Especially the annual St. Patrick’s Day Parade! Nathaniel Ratliff: March 3rd-4th, 2023 In 1973, singer-songwriter Harry Nilsson released an album of standards from the Great American Songbook, an adventurous and unprecedented move for someone at the height of their powers in the rock era. The album, A Little Touch of Schmilsson in the Night, takes listeners on a narrative arc through infatuation, courting, marriage, separation, and the inevitable slide into old age. This March in celebration of its 50th Anniversary, Denver singer and songwriter Nathaniel Rateliff…