Steadily Rising Home Values Continue in March

Team CHR Buying, Market Trends, Selling

Metro Denver residential real estate trends in March 2017 stayed true to form … everything was UP. Do you own the average single family home? At $466,414, it’s was up over 8% from a year ago. Do you own the average multi-family property? It was up by more than 9.5% over March of last year at $313,419. Market activity continues to …

Home Sales Increase as Rates Edge Upwards

Team CHR Buying, Market Trends, Selling

The first two months of 2017 saw an increase in home sales over the same period last year. The combined number of home sold in the January-February time frame is 4.42% higher than a year ago. We are also seeing home price appreciation beginning to moderate. The 12-month moving average appreciation rate shows a 9.48% increase over the last year, lower …

Fundamentals

Team CHR Buying, Development

All quarterbacks call plays, receive the snap, hand-off to running backs, pass to receivers and run with the ball. Elite quarterbacks standout by doing these fundamentals more skillfully than their 3rd string counterparts. All cooks fry, bake, fricassee and sauté. Gourmet chefs produce epicurean delights by doing these things better than a short order cook working the graveyard shift at Denny’s. …

BUY A HOUSE … PAY FOR COLLEGE

Team CHR Buying, Selling

No surprise…..college education is expensive! Forbes reported in 2015 the average public college cost $28,000 per year and a private university runs almost $60k. If you have young kids who will be attending college ten to fifteen years in the future, even the public college option might be running $240,000 for a 4-year degree. SHOCKED?! Let’s look at a way …

A Big Leap

Team CHR Buying, Market Trends, Selling

January homes sales made a big leap from January of 2016. That was a bit surprising since 2016 was a record setting year for residential home sales. We had 3,019 homes change hands in the seven-county metro Denver market in January and that is an 8.32% increase from the number that sold in January last year. Here’s even better news: …

PLANNING FOR RETIREMENT?

Team CHR Buying, Selling

Are you retired or approaching retirement? Do you have parents or other loved ones in that stage of life? Either way, you’ll want to learn about reverse mortgages. A reverse mortgage may be a great way to contribute to a retirement strategy. Financial planners are increasingly recognizing reverse mortgages as legitimate tools for retirement planning. What is a reverse mortgage? (Note: …

Play It Again, Sam!

Team CHR Buying, Market Trends, Selling

Last year’s metro Denver residential real estate market had a “Play it again, Sam” kind of year. It was surprisingly like 2015 … and very much like 2014, for that matter. The last three years have been characterized by: • Home price appreciation near or above double digit rates • Record numbers of resale homes changing hands • Historically low levels …