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,…

So far, 2011 has been a rollercoaster. First we're up and then we're down, then we take an unexpected twist and we feel like we're going to lose our lunch. At least that's the way it feels to many who have been trying to sell their homes -- and to many Realtors trying to advise their clients.

The close of the 4th quarter 2010 and leading into 1Q of 2011 was a…

Are you curious what your house is worth today? You're not alone. It's no secret that home buyers today are on a bargain hunt. That makes for a reluctant remnant of homeowners that have bantered around the idea of selling but are afraid of getting taken to the cleaners at closing. Truth is, Washington Park is one of the most stable areas for Denver real estate. All the usual influences are in play that are…

The National Association of Realtors (NAR) just published a new report of the fastest selling real estate markets across the U.S. Turns out, the average time it takes to sell a home in Denver is 39 days, according to their numbers. Denver has been the number one fastest selling market for a while and continues to be strong comparatively speaking. They also report the average price for a home sold in Denver is $253,700.
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