Michael Shotnik
Branch Manager
READ BIO
FROM OUR BLOG
August 3, 2017

Highlights

Read the July 2017 Denver Metro Real Estate Market Trends Report here.

  • New home communities with price points below $450,000 are expecting strong buyer foot traffic and sales, while higher price communities are adding incentives as buyer activity slows.
  • As of July 29th, Fannie Mae’s new Desktop Underwriter Version 10.1 will change the debt-to-income ration from 45% to 50%. Additionally, timeshare debt will be re-classified from a mortgage to an installment loan.
  • Despite low levels of affordability, the Denver metro area has the smallest affordability gap between white households and households of color.

 

 

Original source

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Sierra Pacific Mortgage Company, Inc. dba Colorado Mortgage

Sierra Pacific Mortgage NMLS# 1788. Michael Shotnik NMLS: 218281, CO License: 100017466. Regulated in Colorado by the Division of Real Estate #988320. To check license status of mortgage loan originator, visit D.O.R.A. and NMLS consumer access.