Denver Metro Happenings
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FOX Business: Mortgage rates tumbling, so why aren't you buying?
MarketWatch: Why mortgage rates haven't risen as expected
Forbes names Denver the 2nd best place to start a small business in 2014:
- San Diego, CA
- Denver, CO
- Austin, TX
"A new ranking by CNN/Money Magazine released this month, listing the nation’s “Best States to Retire” – showing Colorado as the No. 2 most ideal location in the country – rated way ahead of Sunny Cal & Florida. Nice weather is a factor, Money says – but also lower crime, better health care, & a more nurturing fiscal climate to make retirement dollars go further. The Colorado lifestyle appeals to a new generation of 55-plus buyers, 40% of them coming from out of state. They ski, hike and bike, and they like being close to Boulder for the shopping and the trails into the foothills.
Low Inventory Prevails In The Denver-Metro Housing Market
Inventory continues to remain low for homes in the Denver market, according to the latest data from Denver’s Metrolist.
According to Metrolist, the number of home listings in July dropped 3% for houses and 4% for condos from June to July, adding stress to an already tight market. Perhaps partly as a consequence, sold properties were down 11% and 10% for homes and condos respectively over the same time period.
There was little change in the number of days properties spent on the market. Houses spent an average of 27 days on the market and condos 26 days.
One tiny glimmer of good news for buyers is that the average sold price for condos dropped from June to July – but only by 1%. Prices for houses remained the same as the previous month. Read More.
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(courtesy of RE/MAX of Cherry Creek)