Using a lending product like a 2-1 temporary buydown is a great strategy that gives sellers an edge in making their homes more attractive to buyers by softening the payment shock buyers experience as rates have risen quickly. In this article we briefly explain current real estate market conditions, how they impact buyers and sellers, and how consumers have been …
Over the last 23 years, Colorado real estate has weathered the storms of the original tech bubble, The Great Recession caused by a housing crash and bad lending practices, ten years of robust recovery and wealth building, and the ups and downs of the last three years of the various covid policies, both good and bad. Through it all, the …
Many people experienced the first half of 2023 Colorado real estate holding their breath. What was going to happen to interest rates? Was the economy going to stall? Would real estate crash? Was it going to be another roller coaster like 2022? The good news is all of our predictions played out exactly as anticipated. Not because we are really good “guessers.” Rather, …
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Let’s look back a year. 2022 saw a meteoric rise in home values in the first four months of the year, driven by incredibly low interest rates in the 3% range for a 30-year fixed mortgage and the lowest inventory on record in Colorado. The average price per square foot for a single-family home in the Denver metro area jumped …
Join us this February for our annual Spread the Love Event in support of an amazing local non-profit organization, Open Arms Food Bank!
Many have been waiting for a crash. Some have been saying, “I’ll buy when prices and interest rates come down.” Well, rates may come down some over the next couple of months, but prices are most likely to continue their rise. And, if interest rates do come down, prices will further accelerate beyond the current trend. Nationally, it was a …
Join us this February for our annual Spread the Love Event in support of an amazing local non-profit organization, Open Arms Food Bank!
You are reading a real estate article. You want to know two things: These are valuable questions, and we do answer them below. And yet it’s important to remember that over the last few years we got so caught up in appreciation rates and speed of the market that we forgot something. We forgot that real estate isn’t just a marketplace that …
The real estate market is just, different. Prices are rising, but not as fast. Buyer activity is strong, but there just aren’t as many buyers. Inventory is steadily increasing, and marketing time for homes is down from the beginning of the year. The current market stability is a testament to the resilience of Colorado real estate. This resilience is due …
January real estate in Colorado played out as predicted, setting the stage for a busy spring and homeowner appreciation. As expected, sellers are demonstrating hesitation entering the market. With lots of equity in their home and low interest rates on current mortgages, sellers are more content than ever to stay put. Buyers are simply more motivated than sellers right now. More …
When you hire an agent, you’re hiring a skill set. Agents offer expertise in pricing, staging, marketing, negotiation, contract preparation, due diligence and project management. A good agent is also a skilled leader, advising clients of how to seize opportunities and avoid pitfalls. Like anything requiring personal skill – be it golf or tennis or surgery – some practitioners are better …