Give me Reasons to Buy Now

Just about everyday people ask me the age-old question: "How is the market doing, Jonathan?" My response always catches them off guard: "It's actually great!" Am I joking? No! Let me tell you why. The Denver market (I didn't say Detroit market) is doing GREAT right now. I've actually never been busier with buyers and sellers because everyone wants to buy. 

Here are 5 objective reasons why many people want to buy right now:

1) 3.75% fixed 30-year interest rates (!?). Lowest in recorded history!

2) Denver-area home prices have been stable and even going up over the last 12 months.

3) It's actually cheaper to buy then to rent right now! Rental rates have been skyrocketing because of the lowest vacancy rates in 12 years.  

4) Good economic signs and forecasts : As the market swings, prices will continue to go up, and so will interest rates. 

5) Denver is one of the most desirable and affordable cities to buy a house in the entire country. Compared to it's either more expensive or less desirable west coast competitors (San Diego, Los Angeles, Phoenix, Las Vegas, Salt Lake City, Seattle, etc) it has BOTH desirablility and affordability, which makes it one of the most popular cities for relocation in the nation!

If you have any questions or concerns you would like to discuss, let's talk about it!

The Most Affordable Time In U.S. History?

What is affordability? Affordability is a combination of average US wages, average home  sales prices and average 30 year fixed mortgage rates.  Today in 2011 housing is more  affordable than EVER in the history of the USA. It’s NEVER been this affordable to own a  home.  The chart below shows just where we are in the real estate market.  In 2006  everyone thought it was safe to buy and was comfortable overextending themselves.   Today folks are scared and are making decisions off of fear not the numbers, not the facts. This might not be the right time for you or your family, the reality of your finances might not allow it.  But if you are making a decision based on fear and not the facts, you could me  making a mistake by waiting.