Mortgage rates hit a record low entering the new year, offsetting the steady rise in home prices.
Denver’s record-breaking housing market continued to surge in December as low interest rates incentivized buyers.
Here are some key factors that influence today’s booming real estate market.
After five consecutive months of climbing sales, the housing market continues to be resilient in the face of the pandemic.
Homebuyers are now turning to Airbnbs and short-term rentals to test out new neighborhoods before relocating.
Denver’s latest market stats reported the highest number of closed and pending transactions than any month before, meanwhile, housing inventory struggled to keep up as the number of active homes hit a record low.