Low Mortgage Rates Spark Rise in Denver-Area Home Sales - 2004-03-26
Home buyers placed 3,099 homes under contract, according to a pair of real estate reports issued Tuesday. Sales jumped 33.2 percent from March 2003 and 11.8 percent from February.
Brokers attributed the rising demand to a combination of low mortgage rates, increased consumer confidence and seasonal factors. They noted that sales last March were dampened by the start of the war in Iraq and a blizzard that kept potential buyers out of the market for several days.
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