Higher interest rates and for-sale prices may be a barrier, but for those ready to plunge into home ownership, the best advice is to get educated.
mortgage rates
Posted inHousing
Metro Denver median home prices finally dropped after two years of unprecedented growth
After a hectic two years of unprecedented home price increases, the median sales price stayed the same in Colorado, dropped in metro Denver, and rose in other parts of the state in January
Posted inCartoons
Jim Morrissey: Do not pass “Go,” do not score an affordable house
You know those tiny green houses from Monopoly? Maybe that’s where you should be looking for affordable homes in Colorado.
Posted inNews
What’s Working | Median home values haven’t fallen in Colorado, but list prices for a new house have
As average 30-year fixed mortgage rates continue to hover around 6%, there’s an expectation that prices of homes for sale will fall. It’s only been 10 days since the Fed increased interest rates so it’s too soon to see the impact. Or is it? So begins week two of What’s Working’s focus on housing (Missed […]
Posted inEconomy, Housing, News
In Colorado’s current real estate market, is it better to be a renter right now?
What’s Working: This is a segment of our weekly What’s Working column. Read the full column. >> Sign up for the newsletter Feel like there’s no chance you can buy a house? You may be better off renting anyway. With national average mortgage payments of $2,576.39, that’s above average rent of $1,589 in Colorado, according […]
Posted inEconomy, Housing, News
In Colorado’s heated real estate market, is it better to be a renter right now?
What’s Working: This is a segment of our weekly What’s Working column. Read the full column. >> Sign up for the newsletter Feel like there’s no chance you can buy a house? You may be better off renting anyway. With national average mortgage payments of $2,576.39, that’s above average rent of $1,589 in Colorado, according […]
Posted inBusiness, Economy, Housing, News
What’s Working: Same Denver house, same price, but $190 more per month
The biggest inflation news this week erupted Wednesday as the Federal Reserve announced the largest interest rate increase since 1994. While expected, that doesn’t make it any easier for those hunting for a new house, especially in Colorado, and realizing the monthly cost may have gone up hundreds of dollars in one week. But don’t […]