The FNC Residential Price Index (RPI) for January was released March 15, showing that home prices were on a seasonal decline over December but were on the rise compared with the same month last year. The RPI was down 0.3 percent from December and up 6.4 percent from December 2015.
There’s an old adage in the real estate business that no two deals ever go wrong the same way twice. Another truism is that money solves almost every problem that you will encounter. The issue is negotiating who will have to pay out of pocket to make that happen. In the following, I’ll chronicle how to save a deal by sharing some of my experiences both professionally and personally.
I have some anecdotal evidence that the answer to the question in the headline is “yes.” Although I’m a (very old) millennial who moved to a city suburb by choice, two of my friends who bought homes last year — both of whom had been renting at Denver addresses — purchased property in Lakewood. After looking in Denver, both friends (actually, two sets of married couples, with dual incomes and steady jobs) realized they couldn’t afford city prices and decided to commute.