WASHINGTON (June 19, 2019) – The latest consumer findings from a National Association of REALTORS® survey reveal that many more Americans believe that now is a good time to sell a home. The second quarter of 2019 saw a jump in optimism in selling, as 46% strongly held that belief, up from 37% in the first quarter. NAR's chief economist Lawrence Yun...
FOR IMMEDIATE RELEASE Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com Demand devours inventory despite record number of new listings Record number of new listings across state can’t correct housing inventory and affordability challenges as prices continue climb https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO. – June 12, 2019 – Despite a record number of new single-family (12,962) and condo/townhome (3,768) listings hitting the Colorado housing market in a record cold May,...
A lack of affordable housing doesn’t just bedevil Telluride, it challenges communities across the state, so much so that last October a bipartisan group of state senators and representatives sat down with diverse stakeholders ranging from the Colorado Association of REALTORS® to Habitat for Humanity to Ski Country USA, plus local government representatives, to examine the issue. Town of Telluride Program...
Raising enough cash for a down payment is often the biggest hurdle for homebuyers. According to some estimates, it can take up to 15 years for people to save towards the purchase of a home, especially with conventional mortgages, which require anywhere between 5 to 20 percent down. If you’re trying to buy a $400,000 house, that could equate to $80,000 in cash you...
Colorado was a leader when it came to missed mortgage payments and foreclosures in the years before the 2008 financial crisis. Now, no state can compare when it comes to borrowers who are timely on their mortgage payments and hanging onto their homes. Colorado has had the lowest rate of mortgage delinquencies of any state for 26 consecutive months and has...
Out on Colorado’s Eastern Plains, the pound of hammers and saw blades cuts through the steady silence. A construction site hums next to a solitary cluster of nearly 150 newly built homes and 48 apartment units. In the small town of Wiggins, where a pair of grain silos are the tallest structures for miles, the population of less than 900 hadn’t...
The Denver Channel 360 interviewed multiple perspectives on real estate agents versus iBuyers, including an iBuyer who said time is money, home sellers who warn that you get what you pay for, an agent who doesn't want you to leave money on the table and a homeowner who wants to just keep it simple. Home sellers: You get what you pay for REALTORS® couldn't...
ENGLEWOOD, CO. – May 10, 2019 – The much-anticipated influx of new spring season listings in Colorado’s housing market has had a limited impact for buyers as strong sales and continued low inventory have driven median and average pricing to record levels in the seven-county Denver metro area, as well as markets across the state. Those high-water marks for pricing...
Denver remains a magnet for millennials, but a lack of affordable homes could prevent many of them from sticking around for the long haul. Out of 100 metros examined, Denver continues to rank in the top 10 for its ability to attract and retain millennials, the generation born between 1980 and 1998, according to a study from the National Association of...
Home prices continue to edge up in Fort Collins even as the number of homes sold declined for the first three months of the year. ### The median price of homes sold in the first quarter hit $420,000, up nearly 4 percent from last year's first quarter, while the median price in March alone topped $425,000, according to Fort Collins Board of REALTORS®. ### "The numbers for...