The sales of homes in the Denver metro area were booming in April – the best showing in two or three years, according to analyst Gary Bauer. In April, 5,681 homes were placed under contract – up 7% from March and up 20% from April 2011. Bauer said that a key reason is pent-up buyer demand that started in January and continued through April, which is the first month of the prime home selling-buying season. “It is pretty amazing. Everything is up. Denver is one of the strongest markets out there,” Bauer said Read more
Average rent in Fort Collins has surpassed $1,000 per month, according to first-quarter data from the Colorado Division of Housing.
The average rent was $1,010 in the period studied, with the highest prices found in the south part of town. Northeast Fort Collins is the most affordable part of town, with average rent of $924 in the first quarter. Read More
Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify. The average rate on 30-year loans ticked down to 3.83%. The 15-year mortgage dropped to an average 3.05%, also a record. Read More
The spring home-selling season could be the strongest in years and may foreshadow which markets will lead the housing industry in recovery, economists say. While last year was dismal for existing home sales, this year is looking better. Existing home sales in February were up 9% from the same time a year ago, as was the Pending Home Sale Index, which reflects signed contracts leading to sales, says the National Association of Realtors. Meanwhile, Realtors’ confidence in the single-family home market is the highest in four years. Read More