Denver Real Estate News
Denver
Mortgage Rates Hit 7 Percent One Week Before U.S. Presidential Election
According to national property broker Redfin, a U.S. homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28, 2024.
One in Five Americans Had a Political Disagreement with a Neighbor in 2024
As Americans now head to polling stations across the country, political divisions appear more entrenched than ever.
U.S. Home Sales Hit Slowest Pace Since 2010 Post Financial Crash Era
Sales dropped in three of the four major U.S. regions, while the West saw a slight rebound. Compared to the same month last year, sales decreased in three regions but increased in the West.
Number of U.S. Home Sales Hit 30 Year Low in 2024
According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
Denver Property News
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