The number of metro-area homes sold or placed under contract dropped as expected in November from October, according to a housing report Friday. Not as expected was the big drop in homes and condos available for sale to 14,275 units.
Buyers had 9.6 percent fewer homes to choose from in November than they did in October, and 30 percent fewer than they did a year ago. “Under normal circumstances, a decline in inventory would be very good news,” said Boulder mortgage banker Lou Barnes.
Barnes suspects economic uncertainty has spooked sellers and buyers alike in recent months, putting a chill on the market. “Most people are really confused about the world. They don’t know what our government is up to, what Europe is up to,” Barnes said.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
Full Story from the Denver Post
Click here for gay realtors, mortgage lenders, and other real estate professionals in Colorado.
If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com
Article source: http://www.gayapolis.com/news/artdisplay-realestate.php?artid=12458
