Realtor Insights: Navigating the Current Real Estate Market Here are the key factors to consider in today’s real estate landscape: Cautious Buyers: Potential buyers are more careful with rising interest rates and economic uncertainty. They are waiting for their ideal home to become available before making significant moves. Slow Condo Market: The condo market, especially… [Read More]
Home Prices Didn’t Crash After All
During the fourth quarter of last year, many housing experts predicted home prices would crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark… [Read More]
Selling Now: Expert Insights & Benefits
Here’s what you should know if you’re trying to decide if now’s the time to sell your house. First, the limited number of homes available now gives you a significant advantage. That’s because there are more buyers out there than homes for sale. And, with so few homes on the market, buyers will have fewer options, so… [Read More]
Winning Colorado Property Assessment Appeals
Colorado homeowners have recently received notices of their property assessments, revealing significant increases in home values across the state. Unfortunately, these higher valuations are expected to lead to substantial property tax hikes in the coming year. As a result, homeowners are filing appeals in record numbers to challenge their property assessments. This article will explore… [Read More]
MAY 2023/JUNE 2023 NEWSLETTER
Ghostly Drama – Renovating a Murder House Offends Paranormal Purists Lance Zaal, the owner of the Lizzie Borden Bed & Breakfast, faces amusing opposition from fans opposed to changes at the historic property. The infamous Lizzie Borden House gained notoriety in 1892 when Andrew Borden and his wife were brutally murdered, with their daughter Lizzie… [Read More]
Job Market Drives Homebuyer Demand
The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes,… [Read More]
Home Price News: Essential Insights
The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. Unfortunately, its information on home prices may confuse and even generate troubling headlines. This stems from NAR reporting the median sales price, while other home price indices report repeats sales prices. The vast majority of the repeat sales indices show prices are starting to… [Read More]
Leverage Home Equity Now
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time: “Housing wealth… [Read More]
Sell Your House When Inventory is Low
If you’re considering selling your house, you should know the number of homes for sale right now is low. That’s because, this season, fewer sellers are listing their houses for sale than the norm. Looking back at every April since 2017, the only year fewer sellers listed their homes was in April 2020, when the pandemic hit and… [Read More]
Inflation and Mortgage Rates Impact
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard to lower inflation,… [Read More]