Denver Real Estate Market Has Buyers, Not Enough Sellers

The real estate market continues to struggle, but one positive note is that people are looking to buy. The problem real estate agents are facing is there isn't enough inventory to satisfy the buyers.

"It's been difficult finding a home that fits our needs," said Dave Robertson, a father of two and a motivated home buyer.

Robertson and his children have been living in a two bedroom apartment now for 3 years and the kids will tell you they're ready for their own rooms.

READ MORE . . .

Rate on 30 Year Mortgage Falls to Record 3.87%

The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent this week. That is below the previous record of 3.88 hit two weeks ago.

The average on the 15-year fixed mortgage fell to 3.14 percent, also a record low. Records for mortgage rates date back to the 1950s.

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Commercial Real Estate News

Renew or Relocate? Landlords Willing to Sweeten the Pot

While perhaps not a nationally significant or unusual deal by itself, U.S. Cellular's renewal this past month of an office lease in Madison, WI, succinctly depicts the current state of leasing.

Several things about this deal make it typical of other firms making lease renewal decisions in the current market. Landlords have a vested interest in holding onto quality paying tenants, or risk loss of income, more scrutiny from current and potential lenders, and face higher marketing costs to re-fill the space. Tenants, too, have a vested interested in staying put. While in this case, the tenant is part owner, in other cases, tenants face a disruption in their business and significant relocation and operational costs if they leave a good location

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