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April showers may bring May flowers, but here at Compass, we're bringing you a down-pouring of exciting updates and opportunities in the world of real estate! As the housing market begins to bloom along with the spring flowers, we're here to guide you through the latest trends, listings, and tips to help you find your perfect home. So grab your umbrella and join us as we navigate through this month filled with sunshine and the promise of new beginnings. |
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Are you trying to time the market? There are a lot of opinions and projections swirling around about rate cuts and when the best time to jump into the market will be. While I don't have a crystal ball, I know there is light at the end of the tunnel. On March 20th, the Federal Reserve released their updated Fed dot plot which showed a projected 2.25% interest rate cut by the end of 2026. This would reduce the Fed funds target rate range from where it is today at 5.25-5.5% to 3-3.25%. This assumption is based on inflation stabilizing at 2% by 2026, not 2024. This is a longer road than we have hoped or wanted, but it's closer to the truth than the market exuberance creating intense volatility in our mortgage rates. There is still ample liquidity and strength in our economy which is keeping our rates higher for longer for now. If the inflation rate settles in at 2% in 2026 and holds, we should see mortgage rates remain at their lower levels for the next five years. So what do you do with this information? We are encouraging our clients to look further out than today. Volatility, expectations and concerns of affordability can justifiably keep you on the sidelines or guessing how to time the market. Understanding the market and taking advantage of opportunities today with less competition will help provide wealth and options for tomorrow. If you knew the odds were in your favor, that rates would be lower over the next several years (refinance options), that appreciation is already returning to pre-pandemic averages, and that it's impossible to build more land, would you stop trying to time the market? The right time to buy could be right now. |
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| | What a time it is for real estate in the news! If you have questions about the NAR settlement and how it may impact our Denver market, please reach out to me. While things remain status quo for now, a change will likely occur in July relating to how commissions are handled for buyer representation. |
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| | Biden Proposes $10,000 Tax Breaks for First-Time Homebuyers, 'Starter Home' Sellers |
| President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals... |
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| Earth Day Volunteer Project |
| Celebrate Earth Day by getting involved with your local park! Each year, volunteers assist staff with a project to help keep the park clean and beautiful. A grab-and-go lunch will be provided! |
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| | | | 4 BD 4 BA 4490 SF $2,725,000 |
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| 6781 South Valleyhead Court |
| 3 BD 3 BA 3752 SF $815,000 |
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| | 5 BD 5 BA 3656 SF $935,000 |
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| | | | | 2 BD 2 BA 1466 SF $468,150 |
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| | | 3 BD 5 BA 3274 SF $1,265,000 |
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| | | | | 4 BD 4 BA 2987 SF $1,233,400 |
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| | | 4 BD 2 BA 2281 SF $920,000 |
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| | | | | 4 BD 5 BA 3509 SF $1,094,430 |
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| | | 4 BD 3 BA 3337 SF $730,000 |
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| | | | | 2 BD 3 BA 1690 SF $890,000 |
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| | | 3 BD 3 BA 2266 SF $765,000 |
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| | | | 1860 North Washington Street, Unit 607 |
| 3 BD 2 BA 1471 SF $720,000 |
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| Learn how to buy a home in our next home buying 101 class or request a private 1 on 1 session. |
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Thanks for reading and subscribing! Ready to achieve your next real estate goal? |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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