Denver's housing market is ‘four-alarm fire’ hot, realtor says
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2 жыл бұрын#Denver #Housing #Market #YahooFinance
Kathy Casey, Coldwell Banker Residential Brokerage Realtor and Broker Associate, spoke with Yahoo Finance Live anchors Brad Smith, David Briggs and Rachelle Akuffo to break down the inflated prices in the Denver housing market, the competition between homebuyers, and rising mortgage rates.
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@Matthew-rp3jf 2 жыл бұрын
If we don't see decreases the gov has to step in and block investors. This is a national emergency.
@danielstarr8957 2 жыл бұрын
At this point either the government or a billionaire needs to start building entirely new cities. Also block foreign buyers for a couple years period...
@Ryan-um5xe 2 жыл бұрын
Government is the problem not the solution. The federal reserve has set interest rates at 0% for a decade and bought mbs. Similar to student loans, the government is the problem, Obama made student debt non defaultable. Everything the government touches turns to garbage.
@supadave422 2 жыл бұрын
Her tone shifted when he asked about rising interest rates 🤣
@danielstarr8957 2 жыл бұрын
I don't get how anyone can sound happy when discussing housing today.
@supadave422 2 жыл бұрын
@@danielstarr8957 Realtors make more money when its higher
@danielstarr8957 2 жыл бұрын
@@supadave422 yeah but there is less supply so lots are having to quit... So a small portion are having a good time.
@chug-a-lugdoug4638 2 жыл бұрын
And we all know that realtors never lie.
@barano9729 2 жыл бұрын
they also withhold information.
@beavisjones1831 2 жыл бұрын
@@barano9729 yup they do and i dont like them for that
@buzztrucker 2 жыл бұрын
They don't: "Buy now, it can only go up from here."
@chug-a-lugdoug4638 2 жыл бұрын
@@buzztrucker that is what they said in 2008
@chug-a-lugdoug4638 2 жыл бұрын
@@gku8744 not surprised at all. Realtors dont Make money by telling the truth. Call any realtor in vegas and they will tell you it is a great time to buy and never once mention lake mead will be dry in 5 years.
@jessicabixler1658 2 жыл бұрын
Making 200k in colorado and having a time affording a decent home...
@stillwaters4097 2 жыл бұрын
Its not just Denver its all over. Here is Florida regular every day people are priced out of the game With multiple offers on almost every house and cash offers always winning out its depressing.
@dsj9831 2 жыл бұрын
There's a lot of back on markets and price decreases here in SWFL within the last week. Buyers getting priced out due to the sudden rise in interest rates.
@MrRanch-fc2pe 2 жыл бұрын
@@dsj9831 Pasco county is terrible right now
@sharonh2991 2 жыл бұрын
We just bought a condo in Denver for a little over $300k at the beginning of the year. Two bed, one bath, garage plus washer dryer in the unit. It’s in a decent neighborhood, not great, not bad. We feel like we overpaid but we needed it.
@botaccount3449 2 жыл бұрын
Good for u
@alexcalderon5461 2 жыл бұрын
This has been happening in Vancouver Canada for a decade.
@youwebz 2 жыл бұрын
Yes, same in Sydney but Americans are so inward looking and think they’re the centre of the universe…..
@botaccount3449 2 жыл бұрын
Ya most of us say… hey prices have to go down lol
@FinanceMind 2 жыл бұрын
All data is starting to show a slowdown in the market. Days of inventory increasing as well as greater reductions in asking price after listings. Interesting to see how it plays out over the next 2-3 months with rates continuing to climb.
@m.r.5719 2 жыл бұрын
Really. Two houses just sold in my neighborhood for 200K over ask, no contingencies. 34 Offers 48 hours after listing. Realtors won’t accept offers without escalation clauses from full price. May want to review your “data”
@colinhiggins4779 2 жыл бұрын
When the 30 year hits 6.5% in a few months, and the recession deepens, the housing market in places like Denver is going to implode, with big price cuts, soaring foreclosures, and dozens of mortgage firms going bankrupt
@Matthew-rp3jf 2 жыл бұрын
Prices are gonna fall
@thinkaboutlife5335 2 жыл бұрын
@@m.r.5719 people are making the biggest financial mistakes of their life right now..
@ReeLSpirit 2 жыл бұрын
@@thinkaboutlife5335 people said the same thing when people bought in 2020…
@moa3008 2 жыл бұрын
What’s the reason for the price increases for houses in the Denver area? Is the Denver economy; and jobs market hot?
@tywade9558 2 жыл бұрын
When they say slowing, what they mean is what the houses are listed at. So prices are listed at lower prices, but that does not mean people are not paying over asking. I had my agent tell me be expected to come to the table with 100 over asking to even have skin in the game. So lesson learned for myself.
@EduardoGarcia-bb1ec 2 жыл бұрын
Four alarm fire sale coming soon lol
@skullandbones1832 2 жыл бұрын
Lots of people in Colorado are moving to my hometown of Sidney Nebraska.
@romannmorozov 2 жыл бұрын
The cure for higher prices are higher prices
@solengarugarsubarbengabu2773 2 жыл бұрын
Sup mah dawgs!! Remember Hooooms only go up. I'm depressed all the time cuz life sucks i mised out on crypto and stocks in 2020 but i feel better seeing my zestimate go up $8000 a month. That's higher than my income. Hell Stonks only go down this year but Hooms keep on going up!!
@niggasdontdiewex4995 2 жыл бұрын
Denver is extremely overpriced.. it's a very boring city.. the night life is almost non existing.. there's food deserts all around the city.. u can literally travel and see the whole city in one day.. very small and not much to do.. not convienient at all..the houses are small which wouldn't be so bad if there was more going on outside.. but it's a very boring place..
@buzztrucker 2 жыл бұрын
My thoughts exactly. It's a really industrial town with lots of weed. That's about it. You can make some money there but not with that high of cost of living.
@irishcherokee8884 2 жыл бұрын
I saw this movie in ‘2008
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