On Friday, interest rates were higher than in months – about 7.14% on average nationwide for a 30-year-fixed loan.
Today, things are looking much better. Rates are at the lowest they’ve been in two weeks, at about 6.85%.
The House passed a bill to suspend the debt ceiling, and the Senate is working quickly to do the same. If the bill passes the Senate and the President signs it, interest rates may be more stable or could decrease. Stable or lower interest rates could stimulate demand for residential real estate.
We believe that if rates get close to 6%, there will be a significant influx of buyers, or if rates remain stable for an extended period, it’s likely that more buyers enter the market and push prices back up.
4 Bedrooms | 4 Baths | 4,217 Sq Ft | 10 Acres
This home and the land it’s sited on are gorgeous. This is the perfect property for discerning horse owners or others looking for an escape from the everyday.
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Absolutely Gorgeous Urban Retreat in Denver’s Washington Park
464 S Franklin St, Denver, CO 80209
3 Bedrooms | 4 Baths | 3,422 Sq Ft
This gorgeous home is in Washington Park, one of Denver’s most vibrant and popular neighborhoods.
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During the last week:
New Listings – 1422
Back On Market – 253
Price Increase – 147
Price Decrease – 947
Pending – 1253
Withdrawn – 136
Closed – 1426
Expired – 279
New Listings – 1358
Back On Market – 255
Price Increase – 152
Price Decrease – 1097
Pending – 1520
Withdrawn – 132
Closed – 1377
Expired – 207
Based on data from REColorado®
Trends in Metro Denver
- Home Prices
- How Long It Takes to Sell a Home
- Prices Per Square Foot
- Showings Until Pending
- Active Listings
- New Listings
Real Estate News
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“We appreciated David’s flexibility and willingness to show us homes when it was convenient for us. With our crazy schedules, we needed to see homes at off times such as late in the evening, but David always made time for us.
When recommending David to our friends, we always tell them how hard of a worker he is. We highly recommend David to our friends and colleagues.”
– James and Carmen E., Westminster