Dear <<First Name>>,
We hope this newsletter finds you in good health and enjoying the last weeks of summer.
We can hardly believe we are in August already; schools have or will be starting in a matter of days and Fall will be on us before we know it.
During busy July I managed to take a great vacation to Alaska. We did not do the "cruise" but took the double-decker train and saw whatever portion one has access on land and then we also did a shorter cruise to visit the fjord. We found the people very friendly, the views spectacular, flowers in great combinations everywhere, the food delicious, especially salmon, but other kind of fish as well. I had never been there and just loved it and I would recommend it to all of you.
The market continues to be strong, with the exception of some price ranges, where buyers seem to have taken a vacation. Interest rates continue to stay low, new jobs are coming to Denver and this continues to fuel our economy. According to the Denver Metrolist, latest statistics inventory of re-sales has increased noticeably giving buyers more choices and different options. New construction is strong, with new home builders grabbing any available land .
Sales have decreased in the past month and a half, partly seasonal, partly a result of the increased inventory.
Because of the strong demand rental rates are increasing with Denver County ahead in price/square footage, followed by Boulder, Douglas and Broomfield. They mirror the strong demand we always have close to Colleges, Business hubs and Hospitals. These are the "hot" areas and where we help clients who want to purchase investment properties. A great price in the wrong area may not turn out to be a great investment.
If you or any of your friends or family wants to get involved in the very lucrative rental investment field, we have great experience in it and can guide you through the process and help you find a good property to suit your needs.
One last piece of news from the lending industry. Changes are coming to FICO, a broadly used credit score by banks, credit card issuers, lenders, and other institutions to decide whether to lend and what rate to use. This new rule may mean higher scores required for consumers looking for credit.
It seems to follow that the present is probably the best time for consumers to buy a home, before any of those changes are enacted.
Give us a call if we can help you, your family or friends with any real estate needs or questions. We are never too busy and referrals are always appreciated.
Anne & Jessica Cucchi
710 Kipling St, Ste 110
Lakewood, CO 80215
303-202-2282 & 303-884-6545
As always, we appreciate your referrals!