The Number of U.S. Homebuyers Just Dropped to a Record Low, Shifting the Market Further in Buyers’ Favor
redfin.comu/Pearl_Score — 13 hours ago
r/denverrealestate
First time home buyer! Is 4.75% APR good?
I recently went under contract with Lennar on a new build in Colorado. They are offering me a rate of 4.75% Conventional, with only 10% down. Is this rate good for Lennar? I know compared to today’s rates it is great but I also heard Lennar can offer even lower rates. This is the lowest they said they can do with our down payment. Any one else go under contract with Lennar on a new build and have had good luck getting lower rates with conventional?
u/Lecture_Immediate — 2 days ago
Building a property insights app for Colorado, looking for early testers in Denver
Hey Denver!
We’re building a property app called Glasshouse (we're from Sydney, Australia), and Denver is going to be our first US market.
We picked Colorado because sale prices are publicly available, and Denver has some seriously good open data. So far, we’ve pulled together:
- 186,000+ actual property sales going back to 2015
- Full sale history for properties
- 131,000+ building permits, including renovations, new builds and demolitions
- All from public Denver records
The idea is pretty simple, point your phone at any house and building and see everything you want to know about it.
You’ll be able to point your phone down a street and see sale prices over the buildings, browse every recorded sale on a map, look up a property’s history, compare nearby sales, and see what’s been built or changed around it.
We’re a small team based in Sydney, Australia, where Glasshouse is about to o live. Now we’re bringing it to the US, starting with Denver.
We’re looking for a few agents, investors, and propertym obsessed people in Denver to test the early version and tell us what’s useful, what sucks, and what we’re missing.
If you’re interested, drop a comment or shoot me a DM and I’ll get you access. You can find more here as well www.heyglasshouse.com
u/moistbirdfeet — 2 days ago
▲ 10 r/denverrealestate
Is a realtor who charges 3% better than one who charges 1%? I'm selling in Aurora.
reddit.comu/Photoliquor — 7 days ago
▲ 19 r/denverrealestate
Denver price cuts fell this week for the first time since mid-July, and homes under contract hit a four-week high
Numbers for the week of August 2, from listing alert activity.
Price cuts: 86 homes, down from 98 the prior week. The median cut also eased, to 2.53% from 2.92%, so sellers cut less often and took less off when they did.
Homes under contract: 48, up from 42. Highest in four weeks.
New listings: 136, essentially flat on the prior week's 135.
For three straight weeks the trend had been more cuts and more supply. This week it reversed on the cut side while buyers picked up.
The split by price is the more interesting part. Above roughly $900K, 46 new listings arrived against 30 the week before, and 13 went under contract against 6. Under $550K it went the other way: 35 new against 47, and 9 under contract against 17.
One week isn't a trend. But if you've been sitting out waiting for sellers to keep receeding, this week they didn't.
u/Revned-Xynx4835 — 10 days ago
how do lead pipe replacements work during home sales around sloan's lake?
Exploring older bungalows near Sloan's Lake and noticed several homes listed with original galvanized water lines. Does Denver Water automatically replace customer-side lead service lines free of charge under their replacement program, or is the seller required to replace the line before closing?
u/AccountEngineer — 12 days ago