Jay Modglin Real Estate

Started the day off right—planting trees with and some incredible people. Always good to get your hands dirty for a great cause. Proud to give back and grow something lasting.

Now Streaming on American Dream Network! Center Stage & Court - The Spirit of Denver Sports!

New Episode | Center Stage & Court | The Spirit of Denver Sports Welcome to Episode 2 of Denver is home to some of the most passionate sports fans in the country. Whether you're a die-hard hockey enthu...

Great news for sellers: One-third of homes sold above the listed price in the past month. And, with an average of three offers per home, it's clear there’s still strong demand today and buyers are eager to secure their dream homes. DM me so we can get your house on the market and in front of those eager buyers.

Equity is the difference between the market value of your home and how much you owe on your mortgage. Your equity gets a boost when home prices appreciate. Today, 85% of sellers couldn’t be happier with how much equity they have. DM me to learn more about your home’s equity and how it can be leveraged in your next move.

If you’re thinking of buying a home, it may help you find the stability, feeling of community, and comfort you’ve been dreaming of. Let’s connect today to discuss your goals and all homeownership has to offer.

The Main Reason Mortgage Rates Are So High

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:

>>Why Are Mortgage Rates So High?

The 30-year fixed-rate mortgage is largely influenced by the supply and demand for mortgage-backed securities (MBS). Demand for MBS helps determine the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate. Historically, the average spread between the two is 1.72.

Last Friday morning, the mortgage rate was 6.85%. That means the spread was 3.2%, which is almost 1.5% over the norm. If the spread was at its historical average, mortgage rates would be 5.37%.

This large spread is very unusual. The good news is, that means there’s room for mortgage rates to im...

The Main Reason Mortgage Rates Are So High Today’s mortgage rates are top-of-mind for many homebuyers right now.

Oops! Home Prices Didn’t Crash After All

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

>>The Bad News: It Rattled Consumer Confidence

These forecasts put doubt in the minds of many consumers about the strength of the residential real estate market. Evidence of this can be from Fannie Mae. It showed a larger percentage of Americans believed home prices would fall over the next 12 months than in any other December in the history of the survey. That caused people to hesitate about their homebuying or selling plans as we entered the new year.

>>The Good News: Home Prices Never Crashed

However, home prices didn’t come crashing down and seem to be already rebounding from the minimal depreciation experienced over the last several months.

In a report just released, Goldman Sachs explains, “The global housing market seems to be stabilizing faster t...

Oops! Home Prices Didn’t Crash After All During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

June is National Homeownership Month, and it’s the perfect time to consider the benefits of owning a home. If you own your home, take time this June to celebrate the ways homeownership has added value to your life. If you hope is to become a homeowner this year, let’s connect today to take the first steps toward achieving your dream.

The True Value of Homeownership

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

>>You May Feel Happier and More Fulfilled

Owning a home is associated with better mental health and well-being. According to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.

>>You Can Engage in Your Neighborhood and Grow Your Sense of Community

Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. After all, it make...

The True Value of Homeownership Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging.

If you’re thinking about selling your house, now is still a great time to make your move. That’s because there aren’t enough homes for sale today to meet the current buyer demand. This means you may see multiple offers as buyers compete for your house because their options are limited. DM me today if you’re ready to get your house on the market.