Denver Housing Market: Buyers gain more power, increased inventory, fluctuating interest rates

After breaking record after record for about two years, Denver’s housing market is finally hitting a turning point.

According to Mortgage News Daily, the rate of a 30 year fixed mortgage is now 5.73%, compared to rates below 3% last year. For many buyers, rising rates have decreased their purchasing power or even sidelined them altogether.



9NEWS (KUSA) is located in Denver, Colorado.

[LChem]

A bit more normal? Peak inventory. $700k but worry not, you are empowered. Trends changing.

[JB.]

Only a moron would buy a house at these prices and with interest rates so high. Lol