Monthly Mortgage Market Trends

April 2019

April Mortgage Trends Insight
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NICOLE RUETH

Producing Branch Manager

Many experts are predicting our spring housing market will see its best home buying season in years. There is still a lot of talk about a pending recession, however, when we see trends like falling mortgage rates, rising home inventory, and slowing price growth; what we might find is that the recession ends before we knew it began.

Inside this month’s Insight video, I discuss several fundamental economic indicators that continue to support a stable housing market:

  • GDP
  • Unemployment
  • Core Inflation
  • Job Growth
  • Interest rates

In Denver, we are starting to shake off the fear from last fall’s spike in rates, drop in the market as well as the winter doldrums. Sellers are coming out as inventory continues to climb slowly back towards a March average of 14,743 active inventory, wrapping up March 2019 at 6,292 homes for sale. Months of Inventory (MOI) is still tight, however, as homes are selling as they are coming on the market. MOI is less than 2 months for both single family homes and condos, with just over 5 MOI when you get over $1 million purchase price, down from 7 months… showing some much needed activity in the higher end markets in March.

Days on market is also down and appreciation continues to gain momentum while becoming more normalized. If this continues, we are headed towards the balanced market we have waited for so long.

This is an exciting market for those of us in the business and the clients we serve! If you want to stay ahead of the changes and continue building wealth in real estate… call me! This is exactly where our team excels!

Nicole Rueth
The Rueth Team of Fairway Mortgage  

Why The Rueth Team?

The Rueth Team is dedicated to our clients success. It is this driving mission that keeps our team constantly learning and pushing beyond our boundaries. We find the solutions other lenders simply can’t (or won’t). We make a commitment to each borrower, fulfilling it with hard work, constant communication and creative problem solving. When a referral partner gives our name, they are confident knowing they are giving their clients the best chance of a smooth, successful experience.

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Contact Info

303-214-6393
nrueth@fairwaymc.com   750 W Hampden Ave Suite 500 Englewood, Colorado 80110, United States

 

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