Podcasts about denver real estate market

In this 4th season Episode 6- we talk about selling homes during the winter. We talk about the incredible strengh of the Denver Real Estate Market and just how presenting your home in a way that provoke's a positive first impression.

HR1 The Denver Real Estate Market with K & R Home Transitions October 10, 2022 by John Rush

The Denver Real Estate Market is still up in price growth. In September, we saw a year-to-date price growth of 12.8%. I get this isn't the 21% increase Y.O.Y we saw in March, but IT IS STILL UP. We have to recognize that a real estate market slowdown does not mean a loss in value, it just means a shift in perspective. In this episode we take a look at the Denver Real Estate Market price growth and what it means for buyers and sellers. ----more---- Nicole Rueth The Rueth Team Powered by OneTrust Home Loans 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth LinkedIn: https://www.linkedin.com/company/theruethteam YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw CalCon Mutual Mortgage LLC, dba OneTrust Home Loans is an Equal Housing Lender NMLS #46375; 3131 Camino Del Rio North Suite 1680, San Diego, CA 92108. Corporate phone (888) 488-3807. For more licensing information, visit https://onetrusthomeloans.com/licensing-information/. This information is to inform the real estate industry only and is not to be provided to consumers. All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.

Your Debt to Income Ratio is a key metric of analysis lenders use when you submit a loan application. It gives us a good indication of how much you can afford in relation to the debts you currently hold. In the Denver Real Estate Market there is a LOT going on... little inventory, increasing rates AND increasing prices. So, how does that affect homebuyer affordability? Well, with all this activity, what you were approved for might not work anymore... and optimizing your DTI just became that much more important. In this episode, Nicole will walk you through what is part of your monthly debt and what are the exceptions. Listen at least once. Share this with your family and friends. Tip: The car doesn't care about the house, but the house cares about the car. Make your purchases in the right order. Tip: how do you calculate your debt-to-income ratio? To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out.  For example, if you pay $1500 a month for your mortgage and another $100 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $2,000. ($1500 + $100 + $400 = $2,000.) If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent. ($2,000 is 33% of $6,000.) AnnualCreditReport.com - free to pull your own report.

Being a first-time homebuyer in the Denver Real Estate Market is no easy feat. You're feeling it, your real estate agent is feeling it and I AM TOO! But this is your sign to not give up! We are giving you OPTIONS to get on the path to homeownership with flexible loan solutions, down-payment assistance programs, and creativity in terms of location and type of home (AKA a duplex ;D). While the first home may not be the dream home, it's a stepping stone to getting there. Some points to be aware of if you are considering a multi-unit plan: First-time homebuyers - be aware if you are doing multiple-unit - know all the HOA, taxes, and insurance fees. Having property managers for rental properties can really help you only put 3.5% down. If you are thinking you can boost your qualifying by counting that roommate income, you can't use roommate income to qualify. Only rental income from a LEGAL unit qualifies.  Having an auxillary dwelling unit, basement unit may help with your monthly income, but it cannot be used if it is a single family home. This is why a legal duplex is so much better.  As always, if you have any questions, please don't hesitate to give my team a call!

Typically VA loans have their own acceptance problems because they are 100% loans. Rethink them and all of these options covered in this episode. VA, FHA, Jumbo and Jumbo LLC loans can give buyers OPTIONS to get into a home and start building equity; so that one day they can afford to get into their forever dream home. There are several loan options for buyers that may not have all of the ideal qualifications, money down or budget to compete in the Denver Real Estate Market. It's hard. We know that. But here is what you need to know about 4 Loan Programs that are lesser-known, but can open the door to homeownership. Let's get creative and talk about multi-units. If any of these solutions spark your interest, or you have any other questions, please reach out to my team and me using the information below. Nicole Rueth The Rueth Team of Fairway Independent Mortgage Corporation 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicoleruet Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/ YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw 

How much over asking do I need to go? It's an intense market. Is it necessary to bid over the asking price right out of the gate in the Denver Real Estate Market? Market trends die out before home buyers can catch up. So, whether or not you go in swinging big, this episode may help you decide. You  may have to prepare yourself and ask the big question, "Can I have the last ask?" Market trends die out before home buyers can catch up. So, whether or not you go in swinging big is really up to you! Communicate with your agent and ask: How much over the asking price should you bid? When will I break even? Is that dollar amount over ask and the time to make it back worth it for you? These are all questions you should ask yourself when deciding if bidding $100K over ask is reasonable given your specific situation.

Denver appreciated 19.1% over the last year alone. 60% of all homes are selling over asking prices. The Denver Real Estate Market came in strong and fast in 2022. That fact, coupled with Russia's global actions is going to have an impact on our housing market more than just the liquidity we see circulating. It will continue to put upward pressure on a rising inflationary market, increasing the cost of everything. 2022 housing buzz words will include terms like global impact, market velocity, inventory shortage, shifting interest rates, insatiable buyer demand, rising inflation, and affordability. So, what are mortgage rates doing and where do we go from here?

In this episode, we talk about interest rates, low inventory and what might hapoen if the market crashes.

Let's start with strong demographics. 33% of home buyers today and for the next decade are first time home buyers with nothing to sell, taking from an already stressed market with nothing to give in return. At the other end of the spectrum baby boomers are delaying their downsizing, moving into assisted living nursing homes, or in with family due to their heightened pandemic risk, holding onto those homes younger families need. For new builders NAHB noted lumber continues to spike up with futures up another 35% on top of the already high 170% rise we saw over the last 10 months. ----more---- There was enough inventory to break records in sales. I mean 62,985 homes in DMAR's 11 County area sold in 2020 for another record breaking year. And another 3,641 sold in February, up 13.43% month over month and 3.7% year over year. It's a days on market issue, not solely an inventory one. Homes are coming on and selling faster than you can sell chips at an edibles convention.

This 32nd episode we compare the Denver real estate market of October 2019 as it compared to 2020.

What do the current numbers tell us about the difference between delinquency and foreclosure? About values for the top 10% of home prices vs. the entry-level lower-priced homes? Some highlights to this episode include; We have to make sure that we distinguish this for our clients because the delinquency rates are not foreclosures, they're forbearance. And those numbers of people that are going off on forbearance is growing. More people are coming off forbearance. When they're talking about the delinquency numbers are going up, they're watching that under 30 days, 30 to 60, over 90. That's increasing and that's the number that jumps out on the headlines. Realistically though, the number of mortgages and active forbearance is going down, because remember, we started this in that March and April timeframe. Really, April was the first month that people could skip their mortgage payment with the forbearance, the CARES Act. All of those people had up to 12 months that they could be on forbearance in a three-month cycle. Most servicers are offering it every three months and then at the end of three months, you can choose to extend it or you can come off of it. ----more---- When we hit the three-month mark, we saw a massive drop. Well, we just hit the six-month mark and we saw a drop again. It dropped by about 18%. It was down 650,000 people got off of forbearance, and another 800,000 will hit their six-month mark because remember, their 12 months starts whenever they got on the forbearance, it wasn't all in April. Their six-month mark for 800,000 people is next month. In the beginning, there were 40% of the people that took forbearance continued to make their mortgage payment. They didn't need it, they just wanted to protect what they had. And so think about the psyche of this buyer who's currently on forbearance and maybe they're not even making a mortgage payment. Only 9% of the people who are in forbearance right now have less than 10% equity. We need to ask ourselves on behalf of our clients, what is their neighborhood doing? How much is it appreciating locally? And being that champion for them to go, "here's where it starts to tip over. Here's what we could sell your house for today." Maybe go in and do an assessment on how they can upgrade their home or the very specific things that would give them the best curb appeal or the best value for their home, and help them realize it that way. Maybe it's not a transaction, maybe it's just you doing your best job and being the best version of yourself for all of your clients, because the inventory continues to be a problem.

It's become infinitely more important as it's our refuge, our workplace, classroom, meeting room, restaurant, escape and for some, our isolation. The Denver Metro Association of REALTORS® (DMAR) October Market Trends Report highlights how this resurgence in our home has played out in the stats.  We have the lowest amount of homes for sale for any September at 5,301 homes, which consequently is only a mere 950 homes more than Denver-area's all-time inventory low Buyers put your sneakers on because homes are selling in six days, the fastest for any September on record Be ready to pay more. Denver's median closed price hit a record high at $461,000. Consequently, that's more than the sellers were asking, as the close-to-list price for September was 100.41% Even with this low inventory, we sold 5,850 homes, more than any September on record With another record 6,376 pending sales teed up for October Sellers, I see you are trying. 6,376 new listings came on the market; but with demographics and interest rates favoring buyers, it simply isn't enough ----more---- Denver's real estate market has not only recovered from March and April's loss; it has picked up the pace from January and February. As of the end of September, year-to-date closed homes were up 1.61% over last year and sales volume was up 7.53%. The median close price was up 6.9% - that's an incredible equity win for our homeowners. So the question is when will this end? Or worse, will it POP? Nicole Rueth The Rueth Team of Fairway Independent Mortgage Corporation 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth Linkedin: https://www.linkedin.com/company/the-... YouTube Channel: https://www.youtube.com/channel/UCPMd...

Get the latest information on the coronavirus and the Denver real estate market. Plug into the BiggerPockets forum at https://www.biggerpockets.com/forums/628/topics/818051-denver-coronavirus-updates-and-q-and-a for the latest info and to ask questions.

This is a quick update on what happened in the Denver Real Estate Market in February 2020, including stats. For those of you moving to the area pay attention to different areas and pricing/movement in those particular areas. Join the Moving to Denver Podcast group on Facebook today!

Well we are holding on to our hats here because things have changed in the Denver real estate market since my episode 2 weeks ago!

This episode we jump in and take a quick look at what the Denver Real Estate Market may look like in 2020! Moving to Denver? Reach out to me at youraussieagent.com

It's time for the monthly Denver Real Estate Market Update for August 2019.  Executive Summary: No big changes as inventory continues to build and prices continue to appreciate, just not as quickly. We are still in a sellers' market! With low-interest rates and strong rental demand, it still makes sense to buy.  

We talk about some home buying and selling statistics. How will these statistics affect your home buying decision. Colorado real estate is different than the rest of the country. First time home buyers and move up buyers and sellers will benefit from knowing the numbers that we talk about today. If you want a Buy vs Rent analysis Text: rent to 720-650-6440. To find out what you qualify for Text: apply to 720-650-6440.

Welcome to Season 2 of The Real Estate Breakdown!  The first episode in this season I recap what happened with the Denver real estate market in 2018 and where I think things are headed for 2019.   AmandaSnitker.com

In this episode, I share notes on Denver's win over the Philadelphia 76ers including Nikola Jokic's growth as a scorer, Will Barton's impact on the offense, and a somewhat rare strategy that teams may employ against the Denver Nuggets in a playoff series. In the final segment, I talk about the debut of Jarred Vanderbilt and explain why I am so high on him as a prospect, and more importantly, as a fit in the front court alongside Jokic. Realtor Ryan Dykstra of Ion Real Estate is the sponsor of today's show. Give him a call or text at 303.217.1533 to get started toward buying your first home, selling your current home, or any questions you have about the Denver Real Estate Market.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, I share notes on Denver's win over the Philadelphia 76ers including Nikola Jokic's growth as a scorer, Will Barton's impact on the offense, and a somewhat rare strategy that teams may employ against the Denver Nuggets in a playoff series. In the final segment, I talk about the debut of Jarred Vanderbilt and explain why I am so high on him as a prospect, and more importantly, as a fit in the front court alongside Jokic.  Realtor Ryan Dykstra of Ion Real Estate is the sponsor of today's show. Give him a call or text at 303.217.1533 to get started toward buying your first home, selling your current home, or any questions you have about the Denver Real Estate Market.  Learn more about your ad choices. Visit megaphone.fm/adchoices

1. Mandy announces the opening of her new podcast platform, "Ladieschitchatclub.com." 2. Charles Krauthammer announces he has only weeks to live in a courageous, and heartbreaking letter. 3. Guest: Chad Madlom on the Denver Real Estate Market??? 4. Mandy talks fast food.

What can you expect from the real estate market in 2017? Is Denver in a buyer’s or seller’s market? Right now, Denver is in an extreme seller’s market.Traditionally, inventory is a little light at the beginning of the year. However, there is even less inventory right now than there has been in years past. Since inventory is so low and demand is so high, there is upward pressure on home prices. It all boils down to supply and demand. Since there aren’t many homes on the market and there are many people interested in buying a home, home values are on the rise. Since Donald Trump has become president, interest rates have been steadily increasing.Before the election, the average interest rate was 3.87%. Now, the average interest rate is 4.25%. That alone will make purchasing a home more expensive for buyers. “Interest rates have been steadily increasing.” Rising interest rates and rising home values are putting a lot of upward pressure on affordability. If you are in the market for a home now, there are two things you can bank on: that house will be more expensive next year, and the cost to borrow money will go up. There is no better time to buy a home than right now, before it starts to become too expensive. As for sellers, higher interest rates actually work to your advantage. A lot of buyers are jumping off of the fence and into the market before rates go up again. So, even though we have a shortage of inventory, we are seeing even more interest in the homes already on the market. If you have any other questions about buying or selling a home in our current real estate market, give me a call or send me an email. I would be happy to help you!