A combination of historically low interest rates coupled with homebuyers' desire for more space and ability to work remote in the age of COVID have resulted in an unprecedented market in every corner of Colorado. “2020 will go down as the most unpredictable year many of us have ever experienced,” said Colorado Springs-area REALTOR® Patrick Muldoon. Fort Collins REALTOR®...
ENGLEWOOD, CO – Jan. 13, 2021 – While coronavirus delivered devastating effects on our personal and professionals lives throughout 2020, the oldest laws of supply and demand carried Colorado’s housing market through health-focused restrictions, as well as changing residential and work wants and needs. Coupled with historically low interest rates, the combination of circumstances delivered record-setting results in most measurable...
Between 2018 and 2028, the number of households is projected to increase by up to 12 million. Generation X and millennials are expected to drive most of that household formation. As they replace dropped households over that time, the two generations could add nearly 25 million new households by 2028, according to the CoreLogic Insights Blog. The largest cohort of millennial...
“With winter on the horizon and temps falling, Larimer County’s real estate market remains hot,” said Estes Park-area REALTOR® Abbey Pontius. “COVID undoubtedly has put a crimp on the ease of showings, open houses, daily field work, and how we can close transactions, but these are just small speed bumps in the big picture. As we spend more time in...
Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the latest...
The coronavirus pandemic and the resulting lockdowns that convinced Kenyan immigrant Lynn Poole and her husband to move out of their apartment in downtown Denver and purchase a three-bedroom house in Commerce City. Lynne Poole and her husband Aaron Poole stand outside the new home they purchased in 2020. "We weren't looking forward to living far away because...
The housing markets expected to be the strongest in 2021 are tech hubs with strong job creation, state capitals where home shoppers may get more square footage for their money, and smaller cities with greater affordability, according to a new analysis from realtor.com®. But none of these areas boast the cheapest home prices in the nation. In most of them, buyers...
A 2018 study from the Urban Institute revealed a gap of almost 32% between the homeownership rates for Blacks and Whites in the Denver metro area. The racial disparities in homeownership date back decades when practices such as redlining were common and real estate professionals could put their safety at risk for merely selling homes to Blacks. “Selling homes to Black...
October highlights for the Denver market include: The greatest 12-month-period price appreciation (21.3%) ever tracked by the Colorado Association of REALTORS®. There were 42% more single-family homes sold than the previous year, and 23% more new listings arrived to replace them, all while the median single-family price increased $32,000 in one month Taking a look at some of the state’s local market conditions,...
The NATIONAL ASSOCIATION OF REALTORS® today released its 2020 Profile of Home Buyers and Sellers, a survey of people who purchased or sold from July 2019 to June 2020. The profile report has been a leading industry source of trusted insight into consumer behavior for nearly four decades. As in the past, this year’s survey measures the demographic characteristics of...