Results for: first time home buyers

Seasonal slowdown or changing market?

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...

Down Payment Resource Program

  3 Most Common Down Payment Programs   How do today’s buyers go from dreaming of owning a home to holding their first set of keys? Like most new buyers, the down payment is what’s holding them back. But, it could pay off big time to investigate down payment options. There are more than 2,400 homebuyer programs available across the...

TRID – Was it Effective and Can it be Blamed for Closing Cost Delays?

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...

Spring season spurs upticks in new and active listings while median sales prices stay flat

Key findings from the May 2017 research report include:   New and active listings in May were up approximately 10 percent across the state over the prior month. However, year-over-year active listings are down more than 32 percent.   Median sales price for a single-family home in the Denver metro area inched slightly higher in May to hit another record...

Is Fort Collins In A Housing Bubble?

Is Fort Collins in a Housing Bubble?     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] at bay...

Colorado Association of REALTORS Statewide Market Report for March 2017

  FOR IMMEDIATE RELEASE   March brings seasonal spike in new listings across Colorado’s housing market; Median sales price hits record $400,000 for Denver metro single-family home                                                                                                                                https://coloradorealtors.com/market-trends/   Key findings from the March 2017 research report include:   46 percent increase in new single-family listings and 32 percent increase in townhouse/condo listings across the state from February to...

Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market

FOR IMMEDIATE RELEASE   Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market   https://coloradorealtors.com/market-trends/   Key findings from the February 2017 research report include: 30 percent increase in new statewide listings offset by strong sales and record low inventory Statewide inventory down nearly 40 percent from one year ago Active listings down 8...

Restrictions on the Supply of Affordable, Entry-Level Housing in Colorado

Restrictions on the Supply of Affordable, Entry-Level Housing in Colorado   March 2, 2017 EXECUTIVE SUMMARY   Over the last five years, home price increases in metro Denver have significantly outpaced price increases in the rental market. This has made it harder for potential buyers, particularly first-time buyers, to purchase homes. While demand for home ownership plummeted as a result...

Three More Down Payment Assistance Myths Debunked

Three More Down Payment Assistance Myths Debunked   Can you qualify to buy a home now? Many renters actually have the income and credit qualifications to buy a home, and simply need to overcome the down payment hurdle. Too often, long held myths about homebuyer programs can hold you back.   We debunk three more surprisingly common myths about down payment assistance....

Despite Bump in New Listings, Record Low Inventory Continues to Dominate Colorado’s Housing Market Conditions

Key findings from the January research report include:   Record-low inventory still dominates Colorado market 42 percent increase in January 2017 new listings over December 2016 Sold listings down 28 percent in January due to record-low inventory Active listings remain at historic lows Denver Metro area has just over one-month inventory supply – less than one month for condos and...