What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand,… [Read More]
Will Mortgage Rates Trend Upward Through 2020
A good economy and the current halt to the Federal Reserve raising interest rates might indicate higher mortgage rates in 2020. Mortgage rates hit their low this year in September. They have been inching up since then. The possibility of a recession seems to be fading and we are experiencing a strong job market. That… [Read More]
December Denver Area Real Estate Update
The Denver Area Real Estate Update and Market final figures for November shows 3.4% FEWER homes were for sale (9,762) this November vs Nov of 2018 – that bucks the trends from the last few months. The Average Sold Price is up a little from last month – from $473,559 to $478,511. The Average Days… [Read More]
Fun Ways to Enjoy the Christmas Spirit
December is always such a wonderful and busy month. Sometimes we need to find fun ways to enjoy the Christmas Spirit and relieve some of that stress. Here’s 8 ways to get in the Holiday spirit around the front range area. Check out the list now because some of these events are gone by mid… [Read More]
Home Buyers Beware of Wire Scams
Home Buyers Beware of Wire Scams The most recent scam is targeting home buyers – stealing the home buyers’ down payment. Imagine wiring your down payment to the title company for your closing only to find out that a crook sent you wiring instructions to their account instead of the title company’s account. The crooks… [Read More]
Housing Market Cools Off – Fewer Bidding Wars
We are seeing the housing market cool off which is creating fewer bidding wars. According to Redfin, the first three weeks of March saw only 16% of homes for sale were seeing a bidding war. Redfin says last year we were seeing 60% of all homes for sale experiencing a bidding war. Read more details… [Read More]
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