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Uncategorized New Year New Rules For many of us, the New Year is often a time of reflection, hope and commitment to make changes. The mortgage industry apparently is no different. On January 10th, new lending requirements go into effect which may impact buyers’ ability to qualify for a mortgage. US News & World Report highlighted the changes and potential ramifications, both […]
Uncategorized The Market’s Cooling – Cause for Concern? According to the latest Case-Schiller Index, the Denver metro market posted another record-breaking month in August for average sale prices. These sale prices reflected under contract activity from June and July when competing, above-asking price offers were still the norm. Since then, the market – locally and nationally – has shown signs of cooling, notably […]
Uncategorized Current Pricing “Peak” Predictive of Future Pricing “Plummet”? The short answer – no! The housing market saw several months of significant price increases and year-over-year appreciation rates along with greatly reduced inventory, multiple competing offers, strong escalation clauses and, in many cases, way-above-asking-price offers. This frenzied market frustrated buyers and – believe it or not – sometimes sellers because of the challenges of […]
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