FROM OUR BLOG
September 12, 2018

Market Trends Report September 2018

Here you’ll find the September 2018 Market Trends Report as listed by Denver Metro Association of Realtors. Here are the main highlights:

 

  • According to research from the National Association of REALTORS, nationally, July’s pending home sales were down 2.3 percent year over year. Locally, they were down .23 percent.
  • A recent study by 24/7 Wall St. ranked Colorado as having the best state economy in the U.S. for the second year in a row, due largely to our GDP and job growth.
  • Buyer activity seems to have slowed and we are seeing fewer multiple offer scenarios, fewer inspection allowances and fewer appraisal guarantees. Well-priced move-in ready homes, however, are still selling quickly.
  • In a survey conducted by Zillow and research firm Pulsenomics of 100 real estate economist and experts, 43% said they believe the U.S. housing market will become a buyers market in 2020.  

Find the full report here

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Sierra Pacific Mortgage Company, Inc.

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.