July housing data delivers mixed bag across Colorado ENGLEWOOD, Colo. – Aug. 10, 2017 – While Colorado’s housing market remains extremely hot, seasonal factors contributed to create a mixed bag of results in Colorado’s housing market activity in July, according to the monthly statewide housing report from the Colorado Association of REALTORS® (CAR). Despite decreases in new (-14 percent), active (-3.5) and...
Across all of Colorado, there are 30 percent fewer homes for sale across state than one year ago. Active and new listings rise but strong sales, low inventory continue to shape seller’s market. Key findings from the June 2017 research report include: Peak summer housing market sees median sales prices for single family homes in the metro region, as well as statewide,...
U.S. Existing-Home Sales Rise in May Despite Tight Supply Sales increased 1.1% from April and the median sales price jumped 5.8% Existing-home sales rose 1.1% in May from the prior month to a seasonally adjusted annual rate of 5.62 million, the National Association of REALTORS® said Wednesday. Economists had expected a modest decline from April. Compared with a year earlier, sales were...
TRID – Was it Effective and Can it be Blamed for Closing Cost Delays? TRID (TILA-RESPA Integrated Disclosure) has recently been added to the long list of REALTOR® acronyms. October 2015 was the launch of this new rule that has created new methodology, structuring, and organization across the board for REALTORS®, buyers, title companies, and lenders. Each field has been impacted...
Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of REALTORS. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale. Sellers showed...
Pueblo West home sales nearing pre-recession levels Home sales in Pueblo West in 2017 are on pace to reach its highest figure since 2006, according to residential real estate figures provided by Pueblo Multiple Listing Service and the Pueblo Association of REALTORS®, signaling the continued bounce-back of the housing market. The rise in Pueblo West real estate is a combination of several...
Mike Coffman 06/07/2017 | Press release | Distributed by Public on 06/07/2017 17:46 The First-Time Homebuyer Savings Account Act Washington, D.C.-- Today, U.S. Representative Mike Coffman (R-CO) was joined by his colleagues, Rep. Sean Patrick Maloney (D-NY) and Rep. Barbara Comstock (R-VA), for the bipartisan reintroduction of H.R. 2802, the 'First-Time Homebuyer Savings Account Act'. Supporting this legislation is also the National Association of...
Is Fort Collins in a Housing Bubble? [caption id="attachment_23846" align="alignnone" width="300"] JIM HILL / KUNC[/caption] There are several factors that have to be in play for a housing bubble to exist. The inventory needs to outweigh the demand — too many houses on the market — which will lead to dramatic price drops. “In our case, the cities and counties are holding [builders]...
Citing Housing Shortage, Builders Push for Friendlier Laws The real-estate industry argues laws making it easier for homeowner associations to sue over alleged shoddy construction drive up insurance costs and builders’ expenses Construction at the Regional Transportation District’s Westminster Station in Metro Detroit in early July 2016. While home prices have risen at a double-digit rate for three years, the head of...
Fort Collins residential sweet spot up to $400K Pat Ferrier , patferrier@coloradoan.com 8:00 a.m. MT June 2, 2017 http://www.coloradoan.com/story/money/business/2017/06/02/fort-collins-residential-sweet-spot-up-400-k/356312001/ Homes selling for less than $400,000 being snapped up in days Buy Photo (Photo: Austin Humphreys/The Coloradoan) This story may sound like a broken record. Home prices in Fort Collins' white-hot market continue to escalate, pushed by the convergence of low inventory leading, increased competition, and an explosion of people...