Denver Housing Market Stats – February
March 11, 2009 by Bob Schenkenberger · Leave a Comment
Here are some quick market stats from February. When I have more time I will delve into what they may foreshadow, however, suffice it to say, it’s good news! Home sales in February totalled 4,183. Up 9.2% over January Median home price was $192,000. Up 5.8% Median price for Condos was $117,725. Up 4% 53% [...]
Denver Housing Market Tops in Nation
February 24, 2009 by Bob Schenkenberger · Leave a Comment
Data just released from S&P/Case-Shiller Home Price Indices, shows the Denver Housing market as the best performing of the 20 largest markets in the country. While we still lost 4% (year over year) during the fourth quarter, the combined decline of these markets was 18.5 percent. The nationwide property value decrease continues to set records [...]
D-Day for Denver Market!
October 22, 2008 by Bob Schenkenberger · Leave a Comment
The next 45 days will tell us a lot about the state of the State. Or, more precisely the state of the Denver area in terms of the real estate market. A quick historical overview. The Denver Real Estate market started to flatten out in 2001. 15% annual appreciation slowed to less than 6%. The [...]
Denver Area Real Estate Market Data
October 8, 2008 by Bob Schenkenberger · Leave a Comment
For Denver area Real Estate, the number of unsold homes in September dropped to the lowest level since December 2005 and the number of homes placed under contract jumped almost 22 percent from September 2007, the best September for sales in three years. The average and median sale prices of homes, meanwhile, have fallen back [...]
More Positive NEWS
August 29, 2008 by Bob Schenkenberger · Leave a Comment
GOOD NEWS for the Colorado Market… act now before it’s too late For Colorado as a whole, prices rose by 1.82% in the past year and by 0.32% in the second quarter please see the attached article from the Denver Business Journal for more detail. As a mortgage professional in the industry I have the [...]
Denver Area – No Where to go but UP!
July 8, 2008 by Bob Schenkenberger · Leave a Comment
PMI, Private Mortgage Insurance, is required on most mortgage loans in which the borrower has less than a 20% equity position. These insurance companies charge the borrower a premium to benefit the mortgage lender in case of default. Part of their insurance rate analysis includes an in-depth analysis on the potential for property value decline. Obviously, [...]