RE/MAX Alliance broker Cynthia Parker of the Denver Central office recently sat down with Mike Landis of Channel 7 news to discuss the state of the local real estate market. According to Parker, contracts written in the Denver housing market in June/2011 were up 22.5% compared to June/2010.
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“This is the first full year that we haven’t had any artificial economic stimulus,” Parker said, referring positively to the increase in contracts written. “That is very, very important.”
For buyers considering getting into the market, Parker noted there is still significant inventory available and mortgage interest rates continue to be close to historic lows. For buyers who have experienced credit or financial issues in the past, Parker said there are financing programs available for those who have had problems. “Don’t be scared,” she said. “Be reasonable and come-back into the market before those interest rates rise.”