http://johnspondhomes.com Denver Real Estate Agent Tue, 24 Apr 2012 16:53:29 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://johnspondhomes.com/signs-of-a-housing-recovery/ http://johnspondhomes.com/signs-of-a-housing-recovery/#comments Thu, 16 Feb 2012 16:20:49 +0000 John Spond http://johnspondhomes.bluefireblogs.com/?p=999 Read More »]]> One of the major indicators pointing towards a housing recovery is jobs.  As this article points out,  the number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.  Other key indicators also pointed to sustained momentum in the economy, with builders breaking more ground on new residential projects in January and little signs of a pick-up in inflation pressures.   Combine this data with the fact that interest rates are at or near historic lows makes it an attractive time for buyers.   Also of note: Denver Metrolist reports that inventories of residential properties  for sale in the Denver area is down 41.63% from this point last year or 10443, and down from their lofty numbers of 30,ooo plus properties for sale during the peak of the mortgage crisis.  Basic economics tells us that when inventories dry up prices tend to rise as a result.

]]> http://johnspondhomes.com/signs-of-a-housing-recovery/feed/ 0 http://johnspondhomes.com/fico-scores-and-credit/ http://johnspondhomes.com/fico-scores-and-credit/#comments Fri, 15 Jul 2011 16:21:26 +0000 John Spond http://johnspondhomes.bluefireblogs.com/?p=975 No question, rates are as good as they have ever been.  For the lucky few with high FICO scores,  chances are you will get the best rates available making it an ideal time to consider buying a home or refinancing your existing mortgage.  Even with a few credit blemishes which may add .125 to .25 to your rate, rates are still too good to pass up. Read more.

 

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