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Opportunity is the name of the game this winter.

Opportunity Knocks

Yesterday I saw that the Jumbo Loan‘s interest rate is 5% for a 30 year fixed!  This is the best news I’ve heard in a year.  The Denver real estate market’s upper end stalled last year as the rates and ability to get a jumbo loan ($417,000+) became increasingly harder.  People decided to wait if they didn’t have to make a move.

The Tax Credits for “First Time Buyers” will be extended to spring of 2010 and now there is a tax credit for the “Repeat Buyer”.  The repeat buyer is someone who has lived in their home for the past 5 out of 8 years. (First Time Buyer can qualify for up to $8,000 and Repeat Buyers can qualify for up to $6,500.)

Three great opportunities have opened up to position our city (and the country) for potentially the most movement during our winter months in 3 years!

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