Change You Need To Believe In!

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If you don't like the weather in Colorado on any given morning, wait a day and it will change. So goes the residential real estate market. A year ago, sellers were dealing with a market that was glutted with short sales and foreclosures, inventory was high and buyers were warming up in the locker rooms/rental market. This year, not so much. Denver is experiencing an extroardinary lack of inventory in available homes for sale, in all price ranges. Buyers have warmed up and are ready to buy, facing a seller's market with multiple offers on the existing inventory. What a difference a year makes, this is pent up desire. The desire is high for several reasons, with a changing economic outlook more buyers are now qualifying and the interest rates are still low. Rental rates have sky-rocketed and the vacancy rates are still low. While buyers took a breather, sellers did the research. posted: April 4, 2012 - Judy's Denver - Blog
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