RE/MAX NATIONAL HOUSING REPORT FOR SEPTEMBER 2022

DENVER — Typical for this time of year, September home sales declined 9.7% from August across the report’s 53 metro areas. That led to inventory climbing to two months’ supply for the first time in nearly two years – an encouraging sign of a more balanced market to come. September’s Median Sales Read More

RE/MAX NATIONAL HOUSING REPORT FOR AUGUST 2022

DENVER — According to August data in the RE/MAX National Housing Report, home sellers, on average, accepted offers below their listing prices last month – a further indication of rebalancing in the housing market. Across the report’s 51 metro areas, the average Close-to-List Price Ratio in August was 99%, meaning that homes Read More

RE/MAX NATIONAL HOUSING REPORT FOR JULY 2022

DENVER — A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July’s Median Sales Price of $415,000 was down 2.9% from June and the lowest since April’s $406,000. The 16.6% decline in Read More

RE/MAX NATIONAL HOUSING REPORT FOR JUNE 2022

DENVER — Halfway through the peak summer buying season, this year’s home sales are falling short of 2021’s, as signs of more balance in the market take hold. • June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June Read More

CURRENT MORTGAGE RATES AS OF 6/18/2022

Current mortgage and refinance rates Product Interest rate APR 30-year fixed-rate 5.683% 5.779% 20-year fixed-rate 5.282% 5.415% 15-year fixed-rate 4.674% 4.854% 10-year fixed-rate 4.645% 4.882% 7-year ARM 5.259% 4.629% 5-year ARM 4.868% 4.281% 3-year ARM 2.340% 3.371% 30-year fixed-rate FHA 4.666% 5.487% 30-year fixed-rate VA 4.924% 5.320%

RE/MAX NATIONAL HOUSING REPORT FOR MAY 2022

DENVER — Although May is one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than May 2021. They did, however, climb 5.8% over April. That month-over-month increase was approximately half of the average gain in May during the pre-pandemic years of 2015-2019. Read More

A Tribute to Tim Wood

It’s been just a little less than a year since Tim Wood died. “His spirit, his soul is still alive,” said his son, Tyler. Tim will be forever remembered at his house on Big Bear Boulevard. The house that Tim built wasn’t his personal residence, but rather the large brick Read More

Current Mortgage Rates as of 5/18/2022

Current mortgage and refinance rates Accurate as of 05/20/2022. Product Interest rate APR 30-year fixed-rate 5.107% 5.202% 20-year fixed-rate 4.807% 4.907% 15-year fixed-rate 4.179% 4.343% 10-year fixed-rate 3.924% 4.108% 7-year ARM 4.995% 4.236% 5-year ARM 4.676% 3.890% 3-year ARM 2.340% 3.371% 30-year fixed-rate FHA 4.290% 5.114% 30-year fixed-rate VA 4.430% 4.791%

RE/MAX NATIONAL HOUSING REPORT FOR APRIL 2022

DENVER — Signaling a flattening of the seasonal spring ramp-up, April 2022 home sales increased less than 1% over March – and dropped 12.8% year over year – across the report’s 53 metro areas. That, coupled with an 11.5% increase in new listings from March to April, resulted in a 24.0% surge Read More

Current Mortgage Rates as of 4/18/2022

Current mortgage and refinance rates Accurate as of 04/18/2022. Product Interest rate APR 30-year fixed-rate 5.082% 5.168% 20-year fixed-rate 4.789% 4.898% 15-year fixed-rate 4.146% 4.332% 10-year fixed-rate 4.167% 4.410% 7-year ARM 4.339% 3.705% 5-year ARM 4.021% 3.447% 3-year ARM 2.340% 3.371% 30-year fixed-rate FHA 4.307% 5.126% 30-year fixed-rate VA 4.538% 4.903%

RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2022

DENVER — The busy spring season got off to another strong start this year. March home sales jumped 32.2% over February while posting a report record Median Sales Price of $360,000. As buyers continued to far outnumber sellers, Months Supply of Inventory reached a record low of 1.0 across the report’s Read More

Current Mortgage Rates as of 4/8/2022

Current mortgage and refinance rates Accurate as of 04/08/2022. Product Interest rate APR 30-year fixed-rate 4.859% 4.947% 20-year fixed-rate 4.618% 4.728% 15-year fixed-rate 3.900% 4.055% 10-year fixed-rate 3.500% 3.677% 7-year ARM 4.463% 3.754% 5-year ARM 4.366% 3.560% 3-year ARM 2.340% 3.371% 30-year fixed-rate FHA 4.424% 5.214% 30-year fixed-rate VA 4.337% Read More