BIG NEWS for the 6 county Denver area.

New FHA and Fannie Mae-Freddie Mac conforming loan limits released today by the U.S. Department of Housing & Urban Development.
Six County Denver-Metro area maximum loan is now $406,250. Expect the positive impact of these loan limit increases on the housing
market to be significant because of the infusion of capital into the mortgage market, which should result in lower rates.

More GREAT NEWS February stats on sales recorded through the Denver MLS indicated a strengthening marketplace in the Denver area. Fewer homes for sale this February than in February 2007 and more SOLD.

Proof the Market is changing!

We just listed a home that was available for 9 months last year, with 4 showings, total. I  put the property on the market, in the MLS, signed and brochured it this past Monday.  We’ve had 9 showings this week, and 2 agents are telling me they are writing offers and that I will have the written offers over the weekend. Stay tuned…..