New Year, new move?!? Many will make New Year's resolutions to pursue their dreams - whether it's buying a first home, upgrading, downsizing, or moving out of state. Regardless of your 2023 plans, here are 5 predictions for what is in store in the year ahead:
While no one knows exactly what the future holds, the fact remains: people are getting married, divorced, moving to care for aging family members, relocating for career opportunities and so on, every single day. And for those people, it’s less about the interest rate or mortgage rates and more about their present situation and whether they can afford a house that fits their needs. You can read all the insight and expert opinions for 2023 from Forbes here. 2023 RESOLUTION: BUY MORE REAL ESTATE
Denver ranked 13th for overall real estate investment and development, according to some 3,000 industry professionals surveyed and interviewed by the Urban Land Institute and PwC.
Denver's population has increased by 1.33% since 2019. Jobs are increasing and so are the number of renters. Low unemployment and higher wages mean more and more people are moving to the Centennial state.
A third of the Denver metro area rents. Since housing inventory is scarce, prices are going up much faster than wages, and the younger population is more comfortable renting than owning, the Denver housing market is seeing a rapid rise in its rental market.
Boulder ranked as the most expensive cities with one bedrooms priced at $1,890 whereas Laramie was the most affordable city with one bedrooms priced at $680.
The best place to buy rental property is about finding growing markets. Cities like Loveland & Fort Collins are good for investors looking to get started with rental property ownership at an affordable price.
The Fastest Growing Cities For Rents in the Denver Metro Area (Y/Y%)
Our team knows Colorado real estate and invests in Colorado real estate. Stay tuned as the next few newsletters will provide more insight into where and how to invest.RECIPE OF THE MONTH: CAPE COD SALAD
I just made this salad for a New Year's Eve gathering. I followed the instructions to a tee and this salad turned out amazing! Everyone loved it. Simple, easy, and delicious.INGREDIENTS:
FiveFour Real Estate is the one-stop shop for those who are ready to take their home or investment to the next level. Our name FiveFour derives from 5.4%: the average annual home appreciation rate in the US over the last 50 years. We know that your real estate investment is one of the largest and most important purchases of your life. With that in mind, our focus and strategy revolves around you. We hold our licenses at the brokerage Five Four Real Estate. If you buy a home and put 20% down, you are leveraging your money 5X. A 5.4% increase in your home's value means a 27% ROI.
Thinking of Buying or Selling? Know someone who is?We are NEVER too busy for your referrals!
This could be one of the largest and most important financial decisions you will make in your lifetime, and you deserve an experienced partner that understands the intricacies of Colorado real estate.
We promise to always keep you informed about the rapidly changing market and educate you throughout the entire process. We promise to protect your best interests and treat your home or investment like it’s one of our own. We promise to work our hardest to find the perfect home for you and your family with as little stress as possible.
We value your trust and hope to continue supporting you in your lifetime even after your sale or purchase is complete. This goes beyond real estate to us, it’s the beginning of a lifelong friendship.