Mortgage Blog

Per the Rocky Mountain News as of yesterday.."Denver-area housing is bucking the national trend, showing a price decline of only 4.6 percent in May from May 2007"!!!  This is per the S&P/Case-Shiller Price Index released Tueday.

Other major metro areas around the nation are reporting a 15.8% decline (20 areas tracked).

April to May of this year the Denver home prices rose 1 percent.  This really is a positive trend and I will continue to keep you posted.  These numbers are really important to home buyers who still expect a great value, homeowners waiting to refinance but their home values have been less than their mortgage and investors that have been waiting for the "bottom of the market".  As always these statistics report trends and don't predict the future.

Certainly email me, blog me or call me if you want to discuss further.