Denver has been crowned the hottest housing market in the nation by U.S. News and World Report, boasting a substantial year-over-year score increase in the latest analysis. The Denver-Aurora-Lakewood metro area leads the pack, with North Carolina and Texas closely following with multiple cities in the top rankings. Factors contributing to Denver’s top position include a low unemployment rate, minimal mortgage delinquencies, and a tight rental market, underscoring its appeal in the current economic climate.
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Market Insights by DMAR:
FHA/VA assumable loans can be a great way for a homebuyer to purchase at a lower rate, but expect wildly different experiences and timelines ranging from two weeks to over three months depending on the servicer.
Spring has sprung and the market frenzy is back, particularly for homes priced in the sweet spot, often attracting multiple offers within days of being listed.
Golden Triangle continues to be a hotspot for development, with multiple projects in various stages of development underway. Notably, there are five new projects on Bannock Street alone.
January existing home sales rose 3.1 percent month-over-month to a seasonally adjusted annual rate of four million, the highest level since August 2023.
February’s Mortgage Purchase Applications dropped 17 percent as rates jumped from 6.67 to 7.13 percent, remaining at elevated levels.
Personal income was surprisingly strong, rising one percent from last month, while spending decreased 0.1 percent. While some potential homebuyers feel financially burdened with job instability and rising prices, others benefit from a buoyant stock market and the resurgence of the crypto market.
Local Events| Denver
Adulti-Verse
Embark on a journey through the alternative realms of Meow Wolf Denver’s Adulti-Verse, where the adventures come with a side of sophistication. Every 1st and 3rd Wednesday of the month from 5pm, explore the four dimensions of Convergence, cocktail in hand, and less fuss more fun.
Dive into the mysteries of the multiverse and experience the thrill of exploration, enhanced by drinks and unique events. Attendance is exclusively for those 21 and over.
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Littlest Learners
Classes for infants and toddlers (ages 0-3) and their caregivers, designed to stimulate physical, cognitive, and social development. In a dedicated space, children can explore and grow through activities focused on motor skills and cognitive experiences. It’s a great opportunity for caregivers to connect too! No registration needed, included with Museum Admission or Membership.
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Real estate questions? Wondering how the market looks at the moment? Just want to say hello? Don’t hesitate to call me – I’d love to chat!
