Denver Area Home Prices Up

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Post by The Get Home Denver Team.

Colorado One of Top 10 Moving Destinations

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Penske Truck Rental compiles an annual list of its top moving destinations in the United States.  Interesting migration patterns can be seen, and the Northeast and Midwest are losing population to the cities below. Here are the Top 10 destinations of moves according to Penske statistics, last year’s ranking is noted in parentheses.  It is interesting to […]

Denver Home Inventory Down Over 50%

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November – 2013 Real Estate Market Stats               Residential Highlights: 23% increase in the number of closed sales year to date 22% decrease in average days on market (48 days in November) 54% decrease in # of active listings 51% decrease in months of inventory available (2 months in November) 9% […]

Denver Real Estate Market Update – August 2013

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The Denver Real Estate market is still humming right along.  Median prices have returned to levels seen before the national real estate crisis and recession.  It’s not all good news though.  One of my key metrics, the average number of showings per listing, has been getting worse over the past several months, and is at […]

Denver Real Estate Mortgage Rates Surge!

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30-Year Fixed Mortgage Rates Surge to Highest Level in 2 Years; Current Rate is 4.41%, According to Zillow Mortgage SEATTLE, July 9, 2013 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 4.41 percent, up twenty-four basis points from 4.17 percent at this time last week. The 30-year fixed mortgage rate hovered between 4.2 […]

Mortgage Rates to Increase?

Denver Real Estate

Everyone agrees, the historically low mortgage interest rates we are enjoying have been caused by Ben Bernanke and the FED using federal tax dollars to buy up Mortgage Backed Securities. The market is NOT driving these rates and it certainly will not go on forever. My guess is that at some point in the next […]

FHA Loan Costs on the Rise

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On June 1st, 2013, most FHA purchase and refinance loans will carry monthly mortgage insurance (MIP) for the LIFE OF THE LOAN.   The Federal Housing Administration has changed its policy allowing loan holders to cancel the mortgage insurance premiums once the principal balance of the loan reaches 78% of the original balance.  NO MORE! […]

Denver Real Estate Market Update – March 2013

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The Denver Real Estate Market continues to gain speed.  In fact, the biggest problem is the lack of inventory available for local home buyer’s.  Here are a few of the key statistics for March 2013. Home sales increased 46% from February 2013.  And sales are up 20% over March 2012. Average sales price of a […]

FHA Loan Costs Rising Soon

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FHA issued a new Mortgagee Letter yesterday which increased the monthly mortgage insurance by 10 basis points effective with case numbers issued on or after April 1, 2013 (along with a few other things).  Here is a quick summary… Consistent with FHA’s ongoing efforts to strengthen the Mutual Mortgage Insurance Fund, FHA is Revising the […]

Denver Mortgage Rates on the Rise?

This week’s mortgage rate information shows a slight increase.  Contact us today, to discuss if this may be a good time to buy or refinance! 30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is 3.28%, According to Zillow Mortgage Rate Ticker SEATTLE, Jan. 22, 2013 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow(R) […]