A good home appliance repair and replacement plan can save a new home buyer many headaches—and dollars—when a home appliance breaks, without breaking their wallet. As Coloradoans head into the dog days of summer, never has this been more critical than with a home’s central air conditioning system. However, in order to try and prevent a breakdown in the middle...
Across the country, wildfires have caused devastation and distress for years. In addition to the destruction they bring upon communities, fires can cost millions in restoration over the course of many years. Headwaters Economics recently published a report that analyzed the cost of several fires across the country. The report looked at 8 major wildfires in four states through 2016, including...
You may have seen recent articles warning of “ominous signs for the U.S. housing market.” One article states that, “recent housing starts data were extremely weak for the month of June, raising alarm about housing.” Another headline announces that the, “Housing Market Looks Headed for Its Worst Slowdown in Years.” NAR’s Chief Economist, Lawrence Yun, says that despite the headlines, “Home price growth...
I love talking about “Hot Market Problems.” Market velocity generally means good business for REALTORS® and good job security for the industries and individuals who support REALTORS® (including us annoying real estate lawyers)! Hot markets can be exhausting for all participants, but it is certainly better than the alternative. High velocity also presents unique frustrations and challenges for buyers and...
DENVER – Colorado’s two biggest metro areas are also some of the best places in the country in which to live, according to a new report. U.S. News said it used a variety of government agencies and other data sources to determine things like quality of life, cost of living, the strength of the job market, desirability and migration rates. 1. Austin,...
In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires. "We applaud lawmakers for taking this needed action to...
Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports. Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread...
Lawrence Yun spoke recently to more than 100 industry professionals from the Pueblo, Pikes Peak, Royal Gorge and Central Colorado Associations of REALTORS®. He talked about housing, for sure, but also favorably about Pueblo's job growth, which he described as improving at a healthy rate, on par with the United States average. Yun noted that the median price for Pueblo area...
Scant inventory is keeping the Denver residential real estate market red hot. Denver homes continue to sell extremely quickly and there are a lot fewer homes for sale now compared with a year ago. That low supply means higher prices. According to the Colorado REALTORS® Association, the median home price in the Denver metro area is $440,000, significantly more than the nationwide metro median...
Indeed, Denver's popularity is reflected in the ever-increasing cost and competitiveness of buying a home in the metro area BY MATTHEW LEPRINO There are only so many Top 10 lists those of us who adore our city can read. I find myself silently saying “Tell me something I don’t know,” whenever I read one. Sure, Denver is, one of the best place to live in...