The summer residential market is underway with buyers and sellers caught between economic and pratical factors determining their next move. The local housing market has seen an increase in available homes. Over the past few months, buyers have experienced increased choices - now over 10,500 homes for resale. The market is normalizing. This week's comments by the Fed influenced bonds and hence mortgage rates to fall under 7%. Combined, buyers dependent on a loan are able to take advantage of increased opportunities when properly qualified. Sellers are further focusing on effective representation to shorten the sales cycle while maximizing their home's value. To understand more reach out for a personalized consultation. Our online resources, from lenders to our real estate quarterly archive, is another excellent option to understanding today's dynamic market.
Denver's market nears balance.