Denver Fresh

There are a lot of homes on the market right now but one thing I have noticed at every price point & in every Denver neighborhood is the lack of well-cared for homes available for sale.  Lately I have been taking a few differ families out to see homes for sale and of the 10 homes […]

[Read more →]

Fannie Mae & Freddie Mac are introducing new pricing for investment purchases.  This will incur, either more money to close, or approximately 0.25% higher rates for your investment buyers.

Loan to value of 75% or less will have a 1.5% discount point
Loan to value of 75.01% to 80% will have a 2% discount point
Loan to value […]

[Read more →]

The intersection of 32nd & Zuni has been congested lately due to the construction of a new residential development at 3131 Zuni St.  I drive by the zone on the daily and can’t believe how efficient the construction crew is?!  They are really making progress on the 3-story building that is scheduled to be complete early 2009.   The […]

[Read more →]

March 2008
Metro Denver Prices:

Single Family Average Price: (Detached Dwelling)
 
Mar 2008
$274,693

 
 
Feb 2008
$278,871

 
 
Mar 2007
$302,084

Condo Average Price: (Attached Dwelling)
 
Mar 2008
$173,493

 
 
Feb 2008
$171,817

 
 
Mar 2007
$183,451

Combined Average Price:
 
Mar 2008
$254,011

 
 
Feb 2008
$255,362

 
 
Mar 2007
$275,465

Percent of Sales Price Change:
from March 2007 to March 2008
 
Single Family:
-9.07%

 
 
Condo:
-5.43%

 
 
Combined
-7.79%

Total Combined Number of Homes for Sale:
 
Mar 2008
25,516

 
 
Feb 2008
25,037

 
 
Mar 2007
26,430

Percent of Change in Available Inventory: (March 2007 vs. March 2008)
 
 
-3.46%

Number […]

[Read more →]

Home prices in many Denver areas have really come down, there are a number of homes to choose from and sellers are being very flexible with offer terms.  Also, mortgage rates are still near historic lows. Now you tell me why you are NOT buying an investment property right now??
 Buying an investment property is a great way […]

[Read more →]