A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if valid, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession… [Read More]
Huge Leverage When You Sell Today 🏡
In today’s housing market, homeowners have an excellent opportunity to sell their houses and receive the best terms for their situation. That’s because there’s a limited number of homes for sale, creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy before home… [Read More]
Will Home Prices Fall This Year? 🤔
Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters to you. So let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price… [Read More]
More Homes Coming to the Market 🏡
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s large because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent… [Read More]
Market Trends Report | MAY. ’22đź“ş
While inventory is on the rise, so are prices. The average price of a single-family detached home in Denver Metro is $825,073, representing a 3.93 percent increase from last month. With consecutive months of increased fees and interest rates, a buyer’s monthly mortgage has also increased. The average close-price-to-list-price ratio in April for the detached… [Read More]
Today’s Home Price Appreciation 💰
If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to… [Read More]
Protect Your House from Inflation đźŹ
If you’re following the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can pinch your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If… [Read More]
Is It Enough To Offer Asking Price? 🤔
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to get the home still. The buyer and seller would then… [Read More]
Real Estate Market Is Not A Bubble 🏡
Homeownership has become a significant element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Before the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded… [Read More]
APR/MAY 2022 NEWSLETTER 🎙️
What Does Rising Inflation Mean for Real Estate? Not only have high winds been relentless this month, but the winds of change may also be upon us. Anyone not living under a rock has probably noticed higher prices for gas, groceries, and just about everything else. Although the inflation rate was already rising at the… [Read More]