North Metro Denver Real Estate News April 2018

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New month, new record broken in Denver housing market
The average price of single-family home in the metro continues to creep up, as it hit $543,059 in April. The premier market, homes priced between $500,000 and $749,000, is considered the “new norm,” according to a spokesperson with DMAR. Median days on the market in this price segment now stands at 7 days.
Read article – Denver Business Journal

FOMO Drives Young Buyers Toward Ownership
Fear of missing out or FOMO, as millennials have coined it, has become a powerful motivator for young buyers to pursue homeownership. In particular, social media platforms such as Facebook and Instagram, where users often post about their lives as homeowners, are big influencers on prospective buyers. Social media postings about homeownership can stir up emotions in consumers and motivate them to want to own themselves.
Read article – Realty Magazine

Additional articles that you might find of interest:

Homes in Denver continue to sell really, really fast
Read article – Denver Business Journal

3 Steps for Unmarried Couples Looking to Buy
Read article – Realty Magazine

Denver area’s most popular neighborhood? Zillow says it’s in Broomfield
Read article – Denver Business Journal

Peek inside Amazon’s new fulfillment center in Aurora
Read article – Denver Business Journal

After April Hikes, Mortgage Rates Slide in May
Read article – Realtor Magazine

How to Prevent a Low Appraisal
Read article – Realtor Magazine

Fed Decides to Leave Rates Alone-For Now
Read article – Realtor Magazine

Broomfield apartment community scooped up for $50 million
Read article – Denver Business Journal

Denver-area home prices just won’t stop. Gains accelerate after slowing down last year
Read article – Denver Business Journal

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mikejgold