Current Real Estate Marketplace Situation Right Now for Consumers

The Barry and Larry Vestera Real Estate Program Radio show

8:00-9:00 AM | June 11, 2022

On the show:

Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)
Larry Stanley (Consumer Guy, Co-host, Barry and Larry Consumer’s Real Estate)

“Do not believe a lot of what you are hearing and seeing about residential real estate right about these dates and these weeks”

– Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)

What is the current real estate marketplace situation right now for consumers?

• It’s a tough situation right now with what consumers see and hear
• Home refinancing would cost you a lot of money either now or later
• Home loan refinancing option is getting harder with higher interest rates
• The best thing consumers could do is to know that for information on real estate, 95% of what you hear or see comes from 1 or 2 industries
• Find out what single industry the news came from
• Every day is the best day to sell a home or buy a home
• Analyze the data and learn if the source of the news is self-serving

Inflation is affecting home sellers

• With interest rates climbing and inflation widespread, selling your house is more complicated right now than it is for a while
• Exphttp://interest-rates-and-home-selling-tips-for-consumerserts are not seeing a slowdown and the number of buyers purchasing homes in the front range
• If you want to have a quick and well-priced home sale, make sure you’re having a top real estate agent
• The top real estate agent will develop a strong sales plan and also pricing strategies to match your very specific marketplace
• DO NOT go with the many myths, half-truths, and inaccuracies that are filling our airways and internet right now
• Weekly, experts are still seeing higher numbers than they did a month ago or weeks ago
• Experts say numbers might slow down this year
• When July comes, there will be fewer buyers looking for homes

The current real estate marketplace in Denver-Metro areas and Colorado Spring areas

• Residential real estate, along with the front range and pretty much nationally, does have more homes available for sale
• There are fewer buyers competing for these homes because of higher mortgage rates
• There’s still a high number of buyers seeking most of the available homes
• Demand remains high, especially under 1 Million dollars in the Denver Metro areas and under 700K in the Colorado Spring areas
• DO NOT be fooled by the sellers or agents who overpriced their homes and are now bringing those asking prices down
• The experts are not seeing a slow-down in the appreciation rate
• There are 70% more homes in the market this month than last month just because it is June
• In the Denver Metro area, the number of single-family detached homes for sale is 3,330

Get in touch and get the best home-selling tips for consumers

The National Buyers Agents Association has a network of top-rate fiduciary buyers agents, as well as a resource of good listing agents. Good listing agents will be skilled in getting you top dollar for your home. Buyer agents mostly have well-established connections to other business professionals who can help make your move less stressful. Simply communicate your needs by filling out the online form where you can get immediate results.  Also, the association manager, Kathleen Chiras, and her staff will contact you back as soon as possible. For faster access to top buyer agents, fill out the form or call 800-383-7188, Mondays through Sundays. The service is continually adding new videos on the home buying and home selling process, so check out our YouTube channel today! See you there!