Brick and Main May Newsletter

Real Estate Market Update

Hot or Not?

Denver remains a top destination for Millennials to put down roots and live, according to a study by the National Association of Realtors®. Millennials currently make up about 37% of the home-buying population in America—a greater percentage than any other generation. With so many millennial buyers eyeing Metro Denver, now is a great time to list your home to sell.

Did You Know?

In the apartment rental market in the first quarter of 2019, the Denver metro area experienced a decline in vacancy from 5.8% to 5.4%, while the average rent increased $1,455 to $1,480, according to the latest report from the Apartment Association of Metro Denver.

With fewer vacancies available, renting is only going to become more and more expensive. If you can afford to pay rent every month, you can afford to pay a mortgage! Reach out to us to learn more about becoming a homeowner in Metro Denver.

Buy Now or Later?

At present, mortgage rates are .25 to .38% lower than a year ago. Mortgage applications have increased 3% compared to last year, and a slowing appreciation have all contributed to fueling a strong purchasing market. However, mortgage rates are expected to increase over the coming years—making now one of the most advantageous times to buy a home in Metro Denver.

What’s Happening in Denver?

See the city by bike! Visit the Golden Bike Library to “check out” a bike. If you only have it for two hours or less, it is free of charge. An all-day bike rental costs $10. Golden is a gorgeous community with plenty of nature trails and outdoor amenities. One of the best ways to take it all in? By going for a leisurely bike ride with your friends. Visit the Golden Bike Library Thursday through Monday from 10 a.m. to 4 p.m. Visit https://www.visitgolden.com/event/golden-bike-library/10658/ for all the details.

Leave a Reply

Your email address will not be published. Required fields are marked *