Denver Housing Market News

Denver is the third least affected market by the downturn in the US! According to the S & P/Case-Shiller Home Price Indices released on Tuesday 11/25/08 -- Denver is sitting pretty good, considering other markets across the US experiencing MUCH more value decreases. According to this source, Denver is showing 5.4% decrease in home value over last year's sales, which is good - considering other markets averaging 17.4 percent drop in values!

We are still not selling at 2004 home prices, but will get there again. The nation's unemployment rate is 6.5 - which is a 14 year high, and expected to climb higher into 2009.

Joan Cox
Metro Brokers - Turning Point RE
720-231-6373

First-Time Home Buyer Tax Credit

Are you thinking of purchasing your first home in the next few months? This may solidify this thought - you are eligible for a $7500 tax credit! This is quite a bonus! You have to purchase your first home between 4/9/08 and 7/1/09. If you use CHFA or Denver Bond monies, this credit is NOT eligible.

If you need further information, please give me a call!

Joan Cox
Metro Brokers - Turning Point RE, Inc.
720-231-6373

Great Market News

Everyone needs some good news --- RIGHT? Mortgage applications rose 12% last week, and mortgage rates dropped a quarter of a percentage point. Homes that went under contract were up from the previous year for the second straight month.

As everyone says - we did not get in this predictament overnight, and it will not improve drastically overnight. But the economists are saying it will be a "slow, steady, multi-year upward trend."

In Denver, after the Holidays, watch out! Buyers will be out!

Joan Cox
Metro Brokers - Turning Point RE, Inc.
720-231-6373

Denver - A City ready for rebound!

SmartMoney magazine just released cities in the US that are on the rebound ---
Seattle, Raleigh, Des Moines, Philadelphia, Birmingham, Salt Lake City and DENVER!

Good news! Are you ready for a different market? I know I am!

Joan Cox
Metro Brokers - House to Home, Inc.
720-231-6373

Market News

Two months in a row --- sales are up over last year's sales! September and October '08 sales were stronger than 2007! GOOD NEWS! Our president has been decided, now HOPEFULLY our global issues will settle down, and we can again enjoy a good real estate market in the Denver metro area. We are still experiencing some increases in a few neighborhoods. There are luxury condos in Denver selling like hotcakes, due to the lack of availability for empty nesters wanting housing in the City.

Joan Cox, GRI,CRS,ABR,e-Pro
Metro Brokers - House to Home, Inc.
720-231-6373
www.JoanCox.com