{Infographic} Fannie Mae Home Sales Outlook and Mortgage Rates for Denver Through 2014

Fannie Mae recently released their anticipated housing forecast for Denver, Colorado and the entire U.S. This 12-month forecast ranges from August of 2013 through August of 2014 and shows a robust home sales outlook over the next year. It also includes a look at the previous 12 months of action, back to the third quarter of 2012.

The number of homes sold will increase nicely and the average price of those homes will also rise. However, mortgage rates will also jump significantly.

Contact Me for Advice on Buying or Selling a Denver Front Range House

So if you've been considering selling your Colorado house, now would clearly be the time to begin heavily investigating the possibility of such and finding the right REALTOR for your needs.

At the same time, if you've been considering buying a Denver-area house, now is the time to do so before the mortgage rates move even higher.

Whether you're a buyer or seller, I stand ready to help. Contact me for a no-obligation discussion of your situation. I'll provide a free market analysis and happily offer advice!

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Denver Homes Close to Public Transportation 42% More Valuable

I wanted to share with you some new information that's pretty important if you're considering buying or selling a Denver-area home.

Location, location, location...close to public transportation in Denver may be the new Holy Grail when it comes to higher home prices. That's right: homes close to public transportation are soaring in value!

A study conducted by the National Association of Realtors and the American Public Transportation Association discovered that during the last recession, residential properties near public transportation with plenty of high-volume service saw their values increase 42 percent, on average.

Considering Buying or Selling a Denver Area Home? Contact Jim Holmes for a Free Analysis

“When homes are located near public transportation, it is the equivalent of creating housing as desirable as beach front property,” said APTA President and CEO Michael Melaniphy.

Of course, part of the appeal is that access to jobs is as much as 5 times higher when public transportation effectively borders a neighborhood. Additionally, households taking advantage of public transportation are typically able to save hundreds of dollars monthly in transport costs (gas, parking, etc.)

This is something very important to remember if you're considering placing your Denver Front Range or Summit County home for sale. If you're close to public transportation, your asking price could be higher than you've estimated, especially if the property is effectively marketed with this benefit.

Accordingly, this is a valuable point for Colorado home buyers to keep in mind as you search for a home and view properties: a potential house will hold its' value much better and be solidified against recession if public transportation is close.

As a Denver real estate agent, it's my job to help both buyers and sellers stay abreast of interesting, profitable, and important new trends like this.

If you're considering buying or selling a Denver-area house, please contact me for a free analysis at 303-475-7249 or email me

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