The next three months are a critical time period in the real estate recovery landscape. Many factors have become strongly influential in the success of the recover effort with the primary topic headings being, who’s buying and why, where are all the houses and what’s happening to the interest rate.
Who’s Buying Real Estate And Why?
Our real estate market in the Denver Metro area has been heavily dominated by investors. This has contributed in prices rising in certain areas at a quicker rate than initially predicted. Of course, this favors sellers, but presents many challenges to buyers who might have opted to look for property this year only to find that they are caught in the cross hair of some terrifically heated bidding wars. Some of the best deals to be had at the time are condominiums with supply still better than single family homes.