2024 Denver Real Estate Market Predictions

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Bold Predictions Commentary for 2024 “This is not the way it will always be” -Unknown This Post is filled with predictions/guesses for what you can expect in Real Estate next year. As click-bait fills your inboxes, social media and televisions we want to give you some real data and ideas collected from smarter people than us for what we think is coming in 2024. Let’s get to it!   Existing Sales/Transactions It is wildly thought that next year’s transactions will mimic 2023. We saw the number of transactions fall to levels we have not seen since 1998-1999. Transactions dropped over…

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September 2023 Housing Update

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  “Focus on Time In the market not Timing the Market”-unknown In the 11-county Denver Metro area, September brought about a typical seasonal slowdown in the residential real estate market, impacting both buyers and sellers. Here’s a breakdown of the key indicators: Closings Down 17%: The number of home closings in the Denver Metro area saw a decrease, down 17% from the previous month. This dip in closings is a usual characteristic of the summer market transitioning to fall. 25% Fewer Closings Compared to 2022: When compared to September 2022, there were even more pronounced changes. This year, there were…

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Conventional or FHA Financing, which one is right for YOU?

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    In 2023 there may be added benefits to inquiring about both options if you are in the market to buy a home. Often times in our more recent markets FHA financing has been frowned upon by listing agents, but that does not mean you shouldn’t explore your options. Below are some benefits of each type of financing: Benefits of FHA Loans: Lower down payment: FHA loans typically require a lower down payment compared to conventional loans. The minimum down payment requirement can be as low as 3.5% of the purchase price. Easier qualification: FHA loans have more flexible…

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