Denver Hottest Real Estate Market
On August 3rd, Realtor.com published its latest ranking of the “hottest” real estate markets in America. This recurring feature ranks local housing markets based on the speed of home sales and the level of buyer demand. In short, markets with the most demand and the fastest selling homes are ranked at the top of the list.
The Denver real estate market appeared at #2 in the national rankings for July.
According to Realtor.com’s chief economist Jonathan Smoke: “Sellers [in Denver and other hot markets] are seeing listings move much more quickly than the rest of the country and at an accelerating pace from just last month.” He added that these hot housing markets are very attractive to buyers, and are viewed on Realtor.com as much as three times more often than the national average.
While the Case-Shiller Index indicated a 10% rise in home prices by the end of July, and while a low-inventory factor is a key contribution to Denver's thriving housing market, we may see a cooling in 2016.......
Read more: http://www.homebuyinginstitute.com/news/how-high-can-denver-climb-657/#ixzz3mx8wUhXi
On August 3rd, Realtor.com published its latest ranking of the “hottest” real estate markets in America. This recurring feature ranks local housing markets based on the speed of home sales and the level of buyer demand. In short, markets with the most demand and the fastest selling homes are ranked at the top of the list.
The Denver real estate market appeared at #2 in the national rankings for July.
According to Realtor.com’s chief economist Jonathan Smoke: “Sellers [in Denver and other hot markets] are seeing listings move much more quickly than the rest of the country and at an accelerating pace from just last month.” He added that these hot housing markets are very attractive to buyers, and are viewed on Realtor.com as much as three times more often than the national average.
While the Case-Shiller Index indicated a 10% rise in home prices by the end of July, and while a low-inventory factor is a key contribution to Denver's thriving housing market, we may see a cooling in 2016.......
Read more: http://www.homebuyinginstitute.com/news/how-high-can-denver-climb-657/#ixzz3mx8wUhXi