Real Estate ABC’s Like many other industries, the real estate industry has its own lingo. But buying a home is your biggest investment, so you want to understand the terms that you are hearing. What’s the difference between a backup offer? and a Contingent Offer? What does LTV mean? What is an REO home? Take… [Read More]
What 2019 Real Estate Trends to Expect
Here are 2019 Real Estate Trends to Expect: 1. Wanted: More homes for sale 2. Home prices will keep going up 3. Mortgage rates will continue rising 4. Affordability still a concern 5. New homes get smaller 6. First-time buyers dominate 7. Lending standards ease a little 8. More borrowers choose ARM’s (Adjustable Rate Mortgages)… [Read More]
November Real Estate Market for Denver Metro Area
The November Real Estate Market for Denver Metro area continues to have an increase in homes for sale. We’ve had almost a 33% increase in homes for sale in Nov. 2018 (10,111) over November 2017. The Average Days on the Market continues to go up – it’s now 35 days. That means buyers have more… [Read More]
77% of Homes Will Sell Below Their Asking Price
It is estimated that nationwide 77% of homes will sell below their asking price the first quarter of 2019, the experts forecast. That means that Sellers need to adjust their expectations about the changing market and their pricing. And home buyers may find more deals and less competition. Even though home price increases have slowed… [Read More]
Can Wealth Be Built with Real Estate
Many people wonder after the big real estate crash, Can Wealth Be Built with Real Estate? There are numerous reasons that wealth can be built with real estate. Besides appreciation that most other asset classes have, real estate can have: -cash flow -depreciation -leverage -loan pay down -sweat equity -inflation Click here to read the… [Read More]
Experts Forecast 2019 Housing Market
What do the experts forecast for the 2019 Housing Market? Lawrence Yun, chief economist at the National Association of Realtors®, recently gave his 2019 housing forecast. Several key points he made: – home prices to continue to increase, though at a slower pace, – Consumers should expect the number of home sales to flatten, –… [Read More]