NewsDenver7 360 | In-Depth reports Denver7 360 | Your Opinion

Actions

'Don't be panicked': Two Denver housing market experts on what you should know in a shifting market

Have a different perspective on Denver metro’s changing housing market? Share Your Opinion with the Denver7 360 team.
Posted: 3:54 PM, Aug 11, 2022
Updated: 2022-08-12 13:10:53-04
YO-coloradohomedepreciation.png

DENVER – A recent report from real estate brokerage firm Redfin shows the Denver metro area’s housing market is among the most vulnerable during an economic downturn.

With recession fears and higher interest rates contributing to a shift in the market, most experts say to take a deep breath if you’re a buyer or a seller.

On the seller side, real estate experts like Lori Abbey say if you’re priced right — and you don’t have to make a price drop — you’re still getting about 1% over ask.

This is what she has to say about why sellers shouldn’t be worried about their homes becoming depreciated as the market shifts:

Lori Abbey: 'The sky is not falling' as report shows Denver metro housing market is vulnerable amid economic downturn | Your Opinion

On the lender’s side, Jimmy Everett, owner and operator of Everetts Lending, says buyers worried about what the shift in the housing means for the value of their home should pause and take a breather as the market shifts.

This is what he has to say to homeowner’s who’ve heard the price they paid for their homes a year ago might not be what they could get for their home today:

Jimmy Everett: Buying a home is long-term investment, your home will not depreciate in value over the long-term| Your Opinion

Have a different perspective on Denver metro’s changing housing market? Share it with the Denver7 360 team. We’d like you hear Your Opinion in the form below

Share Your Opinion with Denver7 360
Want to be featured on thedenverchannel.com or a Denver7 Newscast? Share Your Opinion with Denver7 360 using the form below. In 500-700 words (or less, or course!) Feel free to share thoughts on a topic of your choosing or a specific Denver7 story. We may share Your Opinion on this website or on a Denver7 newscast. Our goal is to share diverse perspectives for a better understanding of our great state. And as always, you can also email 360@thedenverchannel.com.