Denver Real Estate News Recap: September 2021
Here’s a quick digest of what happened in Denver real estate last month:
+ Denver area home sales fell in September, while inventory rises at a record amount, and median single-family home prices remain steady from August at $575K. Some Denver realtors say there is no housing bubble on the horizon.
+ Own a rental property or currently rent? Colorado SB21-173 offers new protections to renters starting on October 1st.
+ A growing number of adults ages 65 and older can’t afford to live in Colorado, the No. 1 state for housing instability amongst seniors.
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U.S. Real Estate News Recap: September 2021
Here’s a quick digest of what happened in U.S. real estate last month:
+ Nationally, less homes (46.1%) are selling for more than their initial list price compared to earlier this summer (50.4% at the peak in June).
+ Indicators are showing early signs that the national housing market is beginning to balance. Despite these signs, the market is still historically strong.
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Real Estate Finance News Recap: September 2021
Here’s a quick digest of what happened in real estate finance last month:
+ Mortgage rates reached their highest point since June, with 30-year fixed rates jumping to 3.01%.
+ The Fed discusses increasing interest rates in 2022-2023, which may put downward pressure on the housing market.
+ Black and Hispanic homeowners haven’t generated the same amount of wealth from owning real estate as their white neighbors due to the racial gap in housing returns.
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U.S. Real Estate News Recap: August 2021
Here’s a quick digest of what happened in U.S. real estate last month:
+ CoreLogic forecasts that homes will appreciate a more modest 3.2% over the next year compared to the mind-boggling 17.2% gains they saw over this past year.
+ COVID may have killed open houses, but it hasn’t stopped home sales. Live video and virtual 3D tours are helping the 10% of buyers that purchased homes this year without physically seeing them first.
+ Home prices have risen for the third straight month nationally, which are up 18.6% from a year ago. Denver is one of the six cities leading the hot housing market, seeing record price appreciation over the last year.
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Real Estate Finance News Recap: August 2021
Here’s a quick digest of what happened in real estate finance last month:
+ Mortgage rates have stabilized around 2.87% (as of 9/2/21), as economic growth and inflation have moderated in the last month.
+ 1.71 million borrowers currently remain in forbearance. Of those, 400,000 homeowners will enter their final month of forbearance in September, unless the maximum term is extended.
+ With rates remaining low, some homeowners may want to finally get around to refinancing their home. No-cost closings can help some homeowners refinance without out-of-pocket costs.
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Denver Real Estate News Recap: August 2021
Here’s a quick digest of what happened in Denver real estate last month:
+ Downtown Denver has been starving for new condos over the last decade. Its hunger pains will begin to subside when the the largest condo project since 2009 breaks ground soon at 18th & Glenarm.
+ Median home prices fell for a second month in August. Buyers, don’t be relieved yet — inventory is tightening again, as active listings fell 11.7% between July and August.
+ Relief for Denver renters has dissipated in the Denver metro area. Front Range rents increased 14.4% year-over-year in August and are up 12.8% since March 2020.
+ A San Francisco-based developer has purchased an entire block of RiNo for $27.5M. Plans are still in the early stages, but may include a 500-unit apartment project, stretching 12-stories.
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Real Estate Finance News Recap: July 2021
Here’s a quick digest of what happened in real estate finance last month:
+ 30-year fixed mortgage rates remain below three percent for the fifth consecutive week and 15-year rates hit a new low as the economy works to get back to its pre-pandemic self.
+ Brett Arends of MarketWatch gives us another reason to own our home in retirement — rents are rising three times as fast as inflation. Ouch!
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Denver Real Estate News Recap: July 2021
Here’s a quick digest of what happened in Denver real estate last month:
+ Things may be looking better for home buyers as Metro Denver saw its second biggest jump in its supply of homes for sale — triple the 3.1% jump seen nationwide.
+ … but perhaps not when considering that Metro Denver home prices set multiple home price appreciation records (15.5% in April and 16.2% year-over-year in May) and July rents rose 11.6% statewide. At least we’re not seeing increases like in Phoenix (25.9%), San Diego (24.7%), and Seattle (23.4%).
+ The Biden administration is developing a new eviction moratorium after a previous ban expired last weekend. While 12% of Denver renters owe back rent, landlords do not believe an eviction crisis is looming.
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U.S. Real Estate News Recap: July 2021
Here’s a quick digest of what happened in U.S. real estate last month:
+ Home sellers are still making big profits as home prices keep setting records, but their margins took a hit in the second quarter. Is this a cause for concern? While purchase prices have skyrocketed and length of homeownership has decreased, we haven’t seen a dip in profit margins during the second quarter since 2008.
+ Finding a home to buy can be quite a challenge today — especially when you have one to sell and don’t want to end up without a place to live. NerdWallet offers some strategies to help you avoid this situation. Too much to take in? reach out to us and we’ll walk you through it!
+ The U.S. Supreme Court ruled racially restrictive housing covenants unenforceable, but many property owners are shocked to find these restrictions still remain on paper. State lawmakers are working on legislation to help homeowners remove “whites only” covenants from their property records.
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Real Estate Finance News Recap: June 2021
Here’s a quick digest of what happened in real estate finance last month:
+ Falling mortgage rates are another sign that investors view the current spate of inflation to be temporary, however, housing affordability is becoming a bigger concern.
+ Freddie Mac reports that mortgage rates continue to hover around 3%, keeping the housing market booming. Yet, a deterioration in affordability and housing inventory is slowing the market.
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