08.24.07
Posted in Uncategorized at 11:23 am by Lowey
Denver new home sales fell 33% in the first 6 months of 2007, the largest percentage drop in about 25 years. There are approximately 3600 new homes on the market.
The Denver real estate market recently had a surge of new homes being built and on the market. The current over supply, mortgage issues and recent foreclosures all make for a current real estate market slump that adds up to good news for buyers. Builders are offering tons of discounts, incentives and extras to buyers. Paid closing costs, vacation trips, no payments for a year are all common incentives currently being offered to woo buyers.
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