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April 2022 Denver Real Estate News Recap

Denver Real Estate News - May

+ Listings in Denver shot up 44.3% in April but median home prices still rose 3.8%.

+ The median single-family, Denver home now costs $750,000. The median price for all residential has now reached $625,000 — both are all-time highs. Ouch.

+ Is there a bubble looming or will housing prices continue to rise? Here’s our take on it

April 2022 U.S. Real Estate News Recap

U.S. Real Estate News - May

+ American homeowners have gained more than $6 trillion in housing wealth over the past two years. This can be great for homeowners but troubling for those renting and now finding home ownership even further out of reach.

+ In an October 2020 poll, 55% of Americans thought it was important to live in a place where people hold similar political views. Upcoming Supreme Court decisions have many wondering if there will be a “Big Sort” and how this will affect the housing industry across the country.

+ Some of the hottest pandemic-migration destinations are also home to the hottest inflation rates. Check out where Denver sits on Redfin’s migration data. 

April 2022 Real Estate Finance News Recap

Real Estate Finance News - May

+ Mortgage rates reached their highest point since 2009, sitting at 5.27% for a 30-year fixed-rate. 

+ The average tax bill on a single-family home increased 1.8% from 2020 to 2021. Property taxes are expected to rise higher in 2022 due to soaring home prices.  

+ Only 30% of Americans believe now is a good time to buy a home — the lowest level since Gallup began its survey in 1978.  

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