In the midst of challenging economic times, an interesting trend has been developing in the Metro Denver residential real estate market, over the last year. The supply of available homes in the metro area has been steadily declining. Year over year comparisons, between 2010 and 2011, show a consistent reduction in… Read More
Denver Metro Rental Vacancies Fall to 2.6 Percent – September 27, 2011
According to the latest report from the Colorado Division of Housing, the overall vacancy rate of residential properties in the Denver Metro area has dropped to a historic low of 2.6%, in the second quarter of 2011. The current vacancy rate of 2.6% is lower than the second quarter of… Read More
Mitch Shannon Offers Property Management – July 29th, 2011
Mitch Shannon is now offering property management among the real estate services provided to his clients and referrals. In today’s market, several clients have been requesting property management services to help them with their real estate needs and goals. Mitch Shannon is providing full service property management, at very… Read More
FHA Policy Change Helps Unemployed Borrowers – July 25, 2011
The Federal Housing Administration, FHA, recently changed its policy concerning the forbearance period for unemployed borrowers, the Obama Administration announced this month. FHA will require loan services to increase the forbearance time period to 12 months for unemployed borrowers trying to keep their homes while looking for work. Additionally, the… Read More
Under Contract Homes Increase for 2nd Month – July 11, 2011
For the second month in a row, the number of homes under contract (residential and condominium) has increased year over year. Denver Metrolist, reports a 22.5% increase in the number of homes under contract, comparing June, 2010 to June, 2011. A similar year over year comparison in May posted an increase… Read More
Sales Success in Meridian Village – July 6, 2011
Meridian Village is one of Parker Colorado’s newest developments. Since its inception three years ago, new home sales continue to be strong, along with an emerging resale market, despite the slower real estate market and economy. Richmond American Homes, Meritage Homes and Esprit Homes are offering some great summertime incentives… Read More
iPad Giveaway – Buyer Summer Promotion
Presented by Mitch Shannon of RE/MAX Masters, Inc. Ready to buy your next home? Take advantage of today’s historic low mortgage rates, excellent housing prices and motivated sellers. Rental vacancy rates are extremely low and many rental prices are higher than owning your own home. Today’s buying power has never been… Read More
Metro Denver Residential Inventory Decreases by 16% – June 17, 2011
From the statistics compiled by Denver MetroList (MLS), the month of May 2011 shows some very positive signs. The overall inventory of single family homes, residential and condos, has dropped over 16% compared to inventory levels in May 2010.
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Historic Lows Create an Excellent Time to Buy an Investment Property – June 2, 2011
A real estate investor’s “perfect storm” is emerging in the Denver Metro area. With historic low interest rates and historic low vacancy rates, combined with a significant market adjustment in residential real estate prices, real estate investors are presented with a near perfect opportunity. From an article by John Rebchook,… Read More
Colorado Foreclosure Rate Continues Downward Trend – May 18, 2011
The foreclosure rate in Colorado contintues to show improvement since the beginning of 2011. According to the Colorado Division of Housing, both foreclosure filings and foreclosure sales were down, when compared to 2010. ”In year-to-date comparisons, comparing the first four months of 2010 with the same period of this year, foreclosure… Read More
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