Posted on
January 11, 2022
More than 3,000 people have joined the
Facebook page, Marshall Fire Housing Needs and Availability, created by
REALTORS® Susan Schliep and Amanda DiVito Parle. Schliep got the idea while
driving home and remembering what her parents experienced after losing their
home in Grand County’s East Troublesome fire in Oct. 2020. “Fourteen months
after the East Troublesome and only two homeowners have rebuilt. And they got
after...
Posted on
January 10, 2022
Colorado Springs REALTOR® Eddie Hurt remembers his home being destroyed in the 2012 Waldo Canyon: “In 2012, Colorado Springs home prices had been declining but leveled off by 2012 so that helped folks have sufficient insurance coverage,” he recalled. Fast-forward to 2022, and real estate in both the Colorado Spring and Boulder areas have seen home prices increase by about...
Posted on
January 7, 2022
In addition
to the historic low inventory in housing in Colorado, homeowners affected by
the fire cannot rebuild quickly enough. “It’s going to take forever,” said
Kelly Moye, CAR spokesperson and Boulder REALTOR®. A home in the Denver metro
area that once took 5 months to build now takes 10 months. In what the Associated
Press is calling “Pandemic-era challenges,” the obstacles to rebuilding
include labor...
Posted on
January 5, 2022
Three different Colorado REALTORS® are featured in NAR’s
“First-Time Buyer” which is streamed on Hulu. The show, an NAR-produced program
in its second season, showcases the obstacles first-time homebuyers face with
the guidance, expertise, and confidence provided by their REALTOR®. The REALTORS®
in the episodes dealt with taking their first-time homebuyers through multiple
offers; newer vs. old builds; and helping a family with a pig...
Posted on
January 4, 2022
REALTORS® in Routt County are finding ways to put people in
homes despite the low inventory and median sales price. Steamboat Springs
REALTOR® Marci Valicenti said that since COVID, “people realized that (their)
home was never more important.” She and other REALTORS® have found it helpful
for clients to learn about cash offers, cut-off dates, and multiple offers.
They also make sure to show clients...
Posted on
December 28, 2021
Higher interest rates could be the only big change in Denver’s forecasted real estate market. Prices may increase a bit but should temper due to lack of inventory for consumers to choose from. “Not since October of 2020 has there been even one full month’s worth of inventory on the market and not ever before have we seen a winter...
Posted on
December 17, 2021
There are more million-dollar homes on the market all over
Colorado than there were just a few years ago, and some are small or need
improvements. “There are homes out there that need a lot of work that are a
million, too, and they’re priced appropriately,” said CAR spokesperson Kelly
Moye. “So, it’s interesting to see how our market has joined San Francisco, New
York,...
Posted on
December 1, 2021
NAR data shows that national inventory decreased by 12% in
October, and 82% of homes were sold in under a month. These two different
forces, inventory and time on the market, are driving the sales climate,
snowflakes or not. “While there are some that say we are overdue for a price correction,
demand for housing is creating a hard bottom unlike what we saw...
Posted on
November 18, 2021
Investors are snapping up homes at an unprecedented pace, including in Denver, where nearly 17% of home sales went to investors, according to a report from Redfin. The brokerage defines an investor as any business entity that purchases residential homes, including through an LLC or trust. Real estate offers a way to hedge against inflation and represents an asset class...
Posted on
November 16, 2021
Zillow Offers bought hundreds of homes along the Front
Range in August and September, often paying more than what sellers were asking.
Now the company is selling more than 500 homes in 10 Front Range counties, and
more homes it purchased in October are hitting the market every day. Nearly all
the properties being sold are priced well below what the company paid only...
