Prices increase 9%, inventory remains historically low in hot Denver housing market

  • 📰 DenverChannel
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Achieving the American dream isn’t getting any easier, especially in Colorado. via RussellHaythorn

“I have been on Zillow for months and months and months,” said first-time homebuyer Olivia Reed. “It can be really intimidating to see numbers this high.”"Our offer was accepted,” Reed said.

“Of the 13 offers, five were investors,” Dysart said. “A lot are from Denver, some are from California." “Two guys, two girls, roommate situations, whatever works,” Dysart said. “They have been doing that for years, but we're just seeing more of it now."“Oh, absolutely,” Reed said. “I couldn't. It wouldn’t have been possible."“I'm excited, but you know, I'm waiting for the closing date to come," Reed said.

“That means every weekend, really, someone who's in the house hunt right now needs to go out there, tour a fresh crop of homes, probably pre-inspect them so that they're in a position to waive that inspection contingency, and then cross their fingers and hope their offer gets accepted,” said Jeff Tucker with Zillow. “It's tiring. It's hard work.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

RussellHaythorn Great time to be a homeowner...ThankYouBrandon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 239. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Demand easing as mortgage rates rise, boosting supply of homes for sale in metro DenverMetro Denver recorded an 81% jump in the number of residential properties available for sale last month, but that wasn’t enough to bring down annual price gains approaching 20%, according to …
Source: denverpost - 🏆 13. / 72 Read more »