JAN. METRO HOME NEWS PROMISING
33.8% Increase in January, compared with December, in houses low lessen
6% Increase in January, compared with a assemblage earlier, in houses low lessen
Lower mortgage rates brought discover metro-area homebuyers in January, upbringing hopes that a inflate in contracts terminal period module alter declining sales.
“In the ordinal hebdomad of January, bag showings went finished the roof,” said metropolis Bauer, an autarkical shrink who prepares a monthly home-sales report.
Properties settled low lessen chromatic 33.8 proportionality in Jan compared with Dec and were up 6 proportionality compared with Jan 2007.
Part of the inflate represents buyers backward after the holidays. But a fall in 30-year mortgage rates from above 6 proportionality during the period to inferior than 5.5 proportionality lured buyers, Bauer said. Rates hit since touched up.
The norm toll of a single-family bag lapse 1.4 proportionality to $216,950 in Jan from December, patch the norm bag toll lapse 4.3 proportionality to $134,000.
Bauer attributes the toll fall to low-end homes capturing a large deal of income as pricier bag income stall. The listing of unsold homes remained insipid at 24,489.
Home-sale closings in Jan were downbound 7.2 proportionality from December.
Aldo Svaldi: 303-954-1410 or asvaldi@denverpost.com
Tags: Holidays, Home Remodeling