Market Update, September 28, 2023
I’m going to tell home sellers something they don’t want to hear.
When homeowners pay less than 28% of their income toward the costs of homeownership, homes are generally considered affordable. How affordable – or unaffordable – are homes in metro Denver right now?
You may not believe how the monthly cost of owning a home has changed in the past 3 1/2 years in Metro Denver.
Insufficient inventory has been the driving force in our local market for months. But there is hidden inventory out there if you know where to look.
Summer is officially here, and the summer selling season is in full swing. It’s an excellent time to look at inventory and affordability in our market.
Boulder is known for its stunning natural beauty, vibrant cultural scene, and thriving economy. However, this highly sought-after city is also home to a diverse array of luxury home neighborhoods, each with unique charm and character. We’ll explore some of the most prestigious neighborhoods in Boulder, highlighting their amenities, attractions, and the exceptional lifestyle they offer residents.
Denver is a fast-growing metropolitan area and has experienced a surge in luxury real estate development over the past few years. With its desirable climate, thriving economy, and vibrant arts and culture scene, the city has become a top destination for luxury home buyers.
Mortgage rates fell for the second straight week, but they continue to remain above 6.5%. In the meantime, two of the main factors driving today’s mortgage market have become more favorable.
Multigenerational living, a housing arrangement where multiple generations of a family reside under the same roof, is a growing trend in the United States. In recent years, Denver’s luxury real estate market has seen a surge in demand for homes accommodating multigenerational families.
In today’s digital age, a robust online presence is essential for any business or service, and luxury real estate listings are no exception. With most homebuyers beginning their search online, having a robust online presence for Denver luxury home listings can be the difference between a quick sale and a property languishing on the market.