Why do people buy a home? Are the motivations the same for families with small children vs. retirees vs. millennials.Know your motivation. This will help you stay on track with
Home prices across metro Denver are up 11.7 percent in October over the past year, one of the fastest appreciation rates in the country, according to Clear Capital's Home Price Index.
But that number hides a big gap between lower-priced and higher-priced properties.
The bottom 25 percent of properties in value are up 17.8 percent in the past year, while the top quartile of properties are up 3 percent.
"For any buyers of high-end properties, this clear trend signals the need to be highly vigilant with investment strategies in this market segment," said Alex Villacorta, vice president of research and analytics at Clear Capital, in a statement.
Unlike other home price measures, Clear Capital's index includes the sale of distressed properties.
Detroit normally doesn't make the list of the most robust markets for appreciation, but in Clear Capital's index, it ranks No. 1 with a 12 percent gain in the past year, just ahead of Denver. The bottom tier of that market showed a 27.5 percent appreciation rate.
Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; Denver, Arvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!
My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area. I specialize in advanced marketing, buying, selling and investing for seasoned, as well as first time....
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