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]
Property Taxes on the Rise? Here is What You Need to Know
As a homeowner in Denver, you should have received your tax assessment in the mail, and the new actual value of your home may mean an increase in your property taxes. Here are the steps you can take to address your new tax rate: Step 1: Get your Notice of Valuation. This should have been… [Read More]
Experts’ Insights on Housing Market
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may wonder if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your current position. Here’s what industry experts are… [Read More]
Factors Affecting Home Affordability
The attention has been on the impact of rising mortgage rates on home affordability for current homebuyers. Rates have escalated significantly compared to the record lows experienced during the pandemic. Nonetheless, affordability depends not only on mortgage rates but also on a blend of mortgage rates, home prices, and wages. Considering how each of these… [Read More]
Reconsider Waiting for Lower Prices
Are you looking to buy a home but holding off until prices drop significantly? You may want to reconsider. While home prices have come down a bit since peaking last June, recent data suggests they have already bottomed out and are now on the rise again. Waiting for a significant price drop may not be… [Read More]
Trying To Buy a Home? Hang in There.
We’re still in a sellers’ market. And if you’re looking to buy a home, you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind; there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here… [Read More]
Why Buying a Home Is a Sound Decision
If you’re considering buying a home, you want to know if the decision will be good. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. However, as the year goes on, some… [Read More]
Positive Equity Gains for Homeowners
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on a loan. Because there was… [Read More]
Expert Insights: on Home Prices
If you’re considering buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. Home price… [Read More]
3 Factors That Affect Home Affordability
If you’ve followed the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors determining housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic… [Read More]