For many years the process of buying and selling real estate has been the same. Real estate agents have been an integral part of the finding, negotiating, and preparing documents of a home sale and purchase. Back in the day, the Multi Listing Service (MLS) wasn’t online, but instead it was a book, published weekly with basic property details and a single photo of the listed home. The public’s access to the MLS was through an agent.
In a recent article from CNN, “Housing Bubble Fears Have Returned”, there is new talk of the housing market dropping based on a bubble. The question has returned. Are we really facing a bubble? According to the article, “Home prices kept rising in August and September in most major American cities. That’s great news for people…
Real estate markets are cyclical, continually shifting over time from buyer’s market to seller’s market and back again. As a natural transition, the economy will influence the shift, sometimes intensifying the overall effect. As the Denver real estate market begins to move away from the extreme seller’s market we have experienced for the last few…
The recent drop in interest rates have local lenders hustling to handle the influx of homeowners wanting to refinance. When it seemed like the re-finance boom was over, the Fed’s tweak to rates brought it back to life. Yet with all of the activity in refinancing, it hasn’t spilled over to the purchasing side. The…
Denver’s real estate market has changed over the last twelve months. From a feeding frenzy of buyers in a small pool of homes for sale, to a big step towards a more balanced market. The shift in the market brought concerns of a market crash. But coming from such an extreme seller’s market, there was…
As Denver real estate continues to hum along, changes in the market are becoming more obvious. After several years of a red hot seller’s market, the climate has shifted towards a more stabilized, buyer friendly playing field. This isn’t to say buyers are firmly in the driver seat, they at least have more choices and…