Most of the sales activity last month came from the tax credits that required buyers to put homes under contract by April [...]
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“Socially, politically and economically, it makes a lot of sense,” Tom [...] The Denver-area home market in January, while it did not book shoot-the-lights-out activity, appears to have set the stage for a much stronger spring season, as consumers are expected to take advantage of tax credit that are expiring, and lock in low mortgage rates, widely expected to shoot up in the coming months. Buyers paid $200 billion for Denver-area homes since 1975, about the size of the annual GDP of [...] The average price of a home in Denver in 1975 was less than $36,000, in non-inflation-adjusted [...] With homes, as with margaritas, the mix [...] Rational apathy replaces irrational exuberance for the decade unfolding, according to Tom [...] “Housing demand is a function of employment,” Mike [...] If everything reverts to the mean, a Denver-area housing recovery could be in the cards in the not-too-distant [...] |
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