Mortgage Rates Archives - Walters & Co.

Homefront Highlights: April 2024

17 May 1:45 pm

Denver Market Home Stats “A home is more than just a place to live, it’s a place to create memories.” – Unknown April’s Jump In Inventory: This April saw a significant jump in new listings, with over 6,095 homes hitting the market, a 26% increase compared to April 2023 and a 22% increase from just last month. This is the fourth consecutive month of rising inventory, and so far in 2024, the total number of new listings that sellers have brought to the market is 15% higher than at the same point last year. Pending Home Sales: Up: The number of…

Denver Home For Sale- Investment Property

15 April 2:54 pm

Scan QRcode above for more information and pictures! Incredible investment opportunity. Don’t miss this all new Sunnyside gem. 2 Mother-in-law suites that lock-off and would make great AirBnB’s or short-term rentals. Live in 1 unit and rent out the other two! Comprised of a 3BR/1BA unit on the main floor, a 1BR/1BA unit on top floor (with large deck) and a 2BR/1BA unit downstairs. This one has it all. Everything is brand new. Top to bottom. New Boiler. New plumbing & electrical. All brand new appliances. It also boasts an over-sized 2 car garage with workshop that is zoned for…

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…

2024 Denver Real Estate Market Predictions

21 February 1:58 pm

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…

September 2023 Housing Update

20 October 1:38 pm

“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…

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

31 May 1:32 pm

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…