Despite concerns buyers would delay home purchases until after the election, metro Denver’s housing market sizzled in October. That activity bucks a national trend. A Redfin survey shows that 23% of first-time buyers plan to wait until after the election to purchase, citing economic uncertainty, potential rate cuts, and candidate policy impacts. According to the monthly report from the Denver Metro Association of Realtors, homebuyers closed on 3,443 properties last month, up 2.3% from September and an 8% jump from 3,189 in October 2023.
Comment on Denver’s hot October housing market bucks pre-election tradition
Sara B. Hansen, Denver Post
Fri, 11/08/2024 - 1:55pm
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