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]
APR 2023/MAY 2023 NEWSLETTER
A Luxurious, Beautiful – Trailer Park?!?! Paradise Cove Mobile Home Park in Malibu, California, has transformed from a blue-collar community to a celebrity hotspot. The park boasts 256 trailers and manufactured homes and traces its roots back to the 1950s when the previous owners permitted fishermen to park their campers there. From the early 2000s,… [Read More]
Inspection vs. Appraisal in Home-Buying
Are you buying a home? First, you need an inspection to assess the house’s condition before finalizing the transaction. On the other hand, an appraisal evaluates the home’s market value. Lenders usually order an appraisal to verify the house’s value before lending money to buyers. Both steps are critical, and your real estate agent can… [Read More]
Home Prices Forecast for 2023 & Beyond
Home prices have been widely discussed over the past year, with various opinions on whether they will decrease significantly or appreciate slightly depending on location. As we approach the spring real estate market, experts continue to predict what will happen with home prices in the coming year. According to Selma Hepp, Chief Economist at CoreLogic,… [Read More]
Steer Clear of the Renting Pitfall in 2023
As a renter, you’re faced with a big decision every year: renew your lease, start a new one, or buy a home. Before you make any decisions, it’s essential to understand the actual costs of renting in the long term. Realtor.com reports that 74.2% of renters who moved in the last 12 months saw their… [Read More]
Understanding Home Equity
Recent years have seen significant growth in home equity, even though the pace of home price appreciation has slowed. Homeowners have seen a boost in their net worth due to rising home prices, which is expected to continue. The Homeowner Equity Insights report from CoreLogic indicates that the average homeowner’s equity has grown by $34,300… [Read More]
Beyond Mortgage Rates
The COVID-19 pandemic brought about historically low mortgage rates, prompting many homeowners to buy or refinance their homes. However, as rates doubled in 2022, some homeowners put their plans to move on hold to avoid losing the low mortgage rate on their current homes. Although rates have started to decline, they’re still higher than… [Read More]
JAN 2023/FEB 2023 NEWSLETTER 🎙️
REAL ESTATE NEWS A Mega Mansion Right in Colorado To seek out local real estate news that is not super depressing (the media sensationalizes any change in the market), here is a story about a too-good-to-be-accurate listing right in our backyard — Evergreen, Colorado. We have reported on some extravagant listings nationally, but there is… [Read More]
DEC 2022/JAN 2023 NEWSLETTER 🎙️
REAL ESTATE NEWS A Year-End Retrospective Everyone knew that 2022 would be a turbulent year for the economy. For one, the F.E.D. had announced that they would be rolling back their pandemic measures to combat high inflation. Many did not expect Russia to invade Ukraine, which put pressure on world markets, including oil/gas and agriculture…. [Read More]
NOV/DEC 2022 NEWSLETTER 🎙️
REAL ESTATE NEWS From the Ashes, Hope Springs Eternal It is hard to believe, but it was almost a year ago that the Marshall Fire blazed through Boulder County, Superior, and Louisville. It was a tragedy to all those families and homeowners who lost their homes or were injured, especially to the families of the two fatalities, Robert Sharpe… [Read More]