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Denver home prices are falling, but does that mean buying a house is affordable?
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Local, Westword

Denver home prices are falling, but does that mean buying a house is affordable?

By Catie Cheshire | Westword Denver had the seventh-highest drop in home prices in 2024, according to Realtor.com. But that doesn’t necessarily mean buying a home in Denver is affordable. Though the median list price of a home in Denver was down 5.35 percent in December 2024 compared to December 2023, the median list price is still $577,350. Still, real estate experts are taking the news of the drop as another sign that markets are leveling out from pandemic-induced, skyrocketing prices. “Austin, Denver, Phoenix and Nashville were the darling markets of 2021 and 2022 and places where prices went wild,” says Joel Berner, Realtor.com senior economist. “Now, with more homes on the market, prices are returning to where they belong.” READ THE FULL STORY AT WESTWORD...
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Existing home sales fall to 14-year low as home affordability crisis squeezes American families
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Breitbart, National

Existing home sales fall to 14-year low as home affordability crisis squeezes American families

By John Carney | Breitbart Home sales fell to the lowest level in 14 years, as high home prices, inflation-depleted savings, still-elevated mortgage rates, and election uncertainty kept buyers on the sidelines Sales of existing homes—which make up most real estate transactions in the U.S.—fell by one percent to an annual rate of 3.84 million in September, the National Association of Realtors said Wednesday. Economists had forecast a stronger 3.9 million sales figure for the month. Sales fell by about 2.5 percent in the prior month. READ THE FULL STORY AT BREITBART
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