CNN Money just released and article that confirms what real estate agents already knew: It's cheaper to own a home than to rent one. The demand for rentals is at an all time high. Some estimate the vacancy rate for homes in metro Denver is at a staggering 1.5%. Essentially, there are no homes available. When homes do come on the…

If you follow the mortgage rates like I do, you know they have dropped sharply over the past couple weeks. A 30-year fixed-rate conventional mortgage, which only requires a 5% downpayment, is in the low 4%'s - the lowest for 2011. FHA 30-year fixed is even lower. It dipped into the high 3%'s and FHA only requires 3.5% down payment.

On a 15 year note, Conventional rates are in the upper…

Single-family homes in Denver sold for for an average $298,654. This is an increase from $292,230 in June, 2011. Overall it is an increase of 2.2%. Homes that went under contract dropped from 4,761 in June to 4,250 in July. However, that is an increase over July 2010.

Read the Denver Post Article »

Denver’s high-end luxury homes – those priced at $1M or more – took a steep jump in June 2011 compared to both the prior month of April and June of 2010. It seems Denver’s luxury home buyers are taking advantage of today’s market – lower home prices and interest rates.

According to Metrolist, the Denver are multiple listing service, 71 homes sold for more than $1 million in June 2010 compared to…

Denver is a great place for businesses according to Forbes 13th annual list of the Best Places for Business and Careers. While Raleigh, NC was rated no. 1 and Texas rocked the Top 10 with 5 cities, Colorado made an admirable appearance with 2 cities - Denver and Ft. Collins.

Another big metro that made the top 10, in addition to the three Texas locales, is Denver,…

Denver's Washington Park is magnetic. Through sheer charisma it beckons young professionals, mature couples, renown artists, growing families and outgoing singles without prejudice. No matter how you slice the demographic, there's a common thread woven through them all - the high quality of life everyone enjoys as a "Wash Park" resident. What was once an ignored, semi-urban cluster of brick built bungalows has been transformed into one of the most hip and sought-after communities in…