Many believed when the Denver interest rates rose and the buying frenzy ended, prices would begin to fall, even tumble downward. How can it be that we have interest rates that have more than doubled over the past 18 months, a 28% drop in sales volume and a rise in housing inventory yet, prices in the […]
About Sean And Janet Willcox
Denver Home Prices Are Not Likely to Fall
Many of our clients ask if we are headed for another housing crash like the one the nation experienced in 2008? Along with most housing economists, I believe Denver home prices are not likely to fall. Here is how this real estate market differs from the last down cycle in Denver.
Can Higher Mortgage Interest Rates Help This Market?
A healthy real estate market exists when Buyers have a reasonable number of listings to choose from and Sellers are getting their homes sold in a reasonable amount of time for a stable dollar amount. Currently, we have a market skewed heavily to the advantage of the Seller. This sounds great for sellers, until you consider […]
Is Denver Real Estate Ready To Crash?
“Will this Denver real estate market crash? ” That’s the most commonly asked question I am answering for my clients these days. So, I thought’s share my answer with this All Denver Real Estate Blog. I have addressed this question in my writing many times individually. I understand the reason for the question! When […]
Denver Luxury Home Sales Surge
Over 4000 Denver Luxury Homes Sold in the Last Year Dr. Lawrence Yun, the chief economist for the National Association of Realtors, has talked recently on how high-end home sales are driving up both median and average home prices more than ever before. But, here in metro Denver, in the last 12 months, 4,224 Denver […]
Denver Home Prices
One of the most common questions we are asked is, “Where are Denver home prices headed? Are we in another dangerous run-up of prices?” Because the Case-Shiller Home Price Index increased 16.6% across the country from May 2020 to May 2021, this is an understandable question. In Denver, we are up 16.2%. That’s in […]
2021 Denver Real Estate Market Forcast
The 2021 Denver real estate market promises to be great for home sellers, brokers and even buyers. The biggest source of long-term demand in the market continues to be demographics. In addition, the short term spike in demand is driven by the current low mortgage interest rates.
Low Mortgage Interest Rates Drive Sales
The demand for housing spiked last month to new records in most parts of the country accoding to local real estate blogs and MLS sources. Feeling a little like the Dutch Tulip Mania of 1637, many people wonder if another Denver price bubble night be starting to form. So, we can get some insight on […]
Low Inventory, Quick Denver Home Sales
Days Needed To Sell A Home Down 32% From April Of 2019! As the Denver market begins to emerge from the shelter-in-place status, all indications are that the Denver real estate market is picking up right where it left off prior to the full shut-down phase. The market is shifting forward about 8 weeks and […]
Denver Real Estate Continues Despite Corona Virus
(Welcome Sean Willox to the ADRE Blog! Sean and his wife work closely with Dennis and Dawn Martin at Coldwell Banker in Littleon, Colorado. Email him at willcox2@comcast.net) The Corona virus situation has engulfed us all right now including those of us selling Denver real estate. Seems like every time we think we have […]