58% of sellers in Denver drop prices; inventory rises 94%; what does this mean for Colorado real estate values?
Don’t be surprised by the recent numbers. I mentioned months ago that many Canadian…
I saw just yesterday that Denver continues to be one of the hottest housing markets around. In my last article, Has Denver lost it’s mojo?, I outlined the key drivers of Denver and the front range housing market success. The million dollar questions are: how long can this appreciation continue and what if anything will change the current trajectory?
Although the Denver real estate market is presently extremely hot with huge increases year over year in house appreciation, there are three key areas that could derail the torid pace of appreciation. The three areas of concern include wage growth, quality of life, and affordability. Each of these areas has the ability to derail the front range housing market and ultimately impact Denver’s real estate mojo. How will these factors influence the end of the real estate party both in Denver and throughout the front range?
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in the Colorado Real Estate Journal, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
Fairview is a hard money lender specializing in private money loans / non-bank real estate loans in Georgia, Colorado, Illinois, and Florida. They are recognized in the industry as the leader in hard money lending with no upfront fees or any other games. Learn more about Hard Money Lending through our free Hard Money Guide. To get started on a loan all they need is their simple one page application (no upfront fees or other games).