Sellers are looking to sell with interest rates coming down

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains: “The lack of housing supply was partly driven by the rate lock-in effect. . … Continue reading...

Real Estate market is changing

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move. Reasons People Still Need To Move Today According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph … Continue reading...

Renting vs. Buying

Rental affordability is a big issue in our area and while rental prices increase, there is no benefit to your long-term plan to pay someone else’s mortgage when you could be gaining equity in your very own home. There are other advantages as well including being able to accommodate your pets, the pride of home ownership and choosing you exact neighborhood and price range. The latest rental report from Realtor.com shows rents are continuing to grow which means you’ll get less home for the same amount of money. “In March 2023, the U.S. rental market experienced single-digit growth for … Continue reading...

Wheat Ridge Market report for buyers and sellers!

Wheat Ridge, CO Mon Dec 05 2022 This week the median list price for Wheat Ridge, CO is $700,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 35. Click here to stay informed with the Wheat Ridge market! This answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month4242 Slight Seller's Advantage The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in … Continue reading...

Westminster Colorado Market report

November 08, 2022 07:45 AM REPORT We are still having a a good market for sellers but this past week 62% price decreased in some homes. The median price of homes is $579,500. Average days on market is 42 days wish is part of the reason we seen some homes decreased their prices. Inventory is up to 150 homes which is a big increase compare to April. Average rent price is $2650 for single family home. Looking to buy or sell, give me a call at 303-358-1147. Posted by Will Hamm, Hamm Homes LLC. Aurora, Colorado HammHomes@ymail.com Call me at: 303-358-1147 Find … Continue reading...

The latest on Supply and Demand

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand) have softened by just over 12% compared to the same time last … Continue reading...

Highlands Ranch 4 year market report!

Buyers in Highlands Ranch, if you where looking for a great investment, real estate is still the way to go. Do you know is you purchase a home in July 2019, the average price in Highlands Ranch was $569,750, In 2020 the average house was $610,000 and 2021 it went up to $689,000 and now the average house in July 2022 is $735,000. That is better then what you could of got from the stock market and look at the rent you would of saved and the tax deduction on interest you would of got. Call me for to set up a time to look at homes for your future investment.  Why pay rent were you only … Continue reading...

Skip to content