Results for: first time home buyers

The Capitol Connection – January 2016

The Second Regular Session of the 70th General Assembly Kicks Off in 2016! The first gavel of the second session of the 70th General Assembly came down on Wednesday, January 13th, ushering in two new legislators, with a third legislator finding himself in a new chamber.  Throughout the coming weeks, we will introduce you to each new legislator in our...

Single-Family Housing Prices Level Off in Much of CO

New listings, sales and inventory continue to challenge most markets The median price of a single-family home statewide in Colorado decreased to $300,900 in November, down about $17,000 from the year’s high in June according to market statistics released today by the Colorado Association of REALTORS®. Even so, compared to a year ago, single-family home prices were 9 percent higher...

Does a Fed Rate Increase Doom Housing?

by Mark Fleming, chief economist, First American. Article originally published in the 2015 October Edition of REAL Trends. While the Federal Reserve hasn’t raised rates yet, it could potentially decide, before the end of the year, to increase interest rates for the first time since 2008. The CME FedWatch Tool measures the market’s expectation of Fed target rates. One argument is...

June Housing Sales Strong Throughout the State

June sales of both single-family homes and condominiums-townhouses were strong throughout the entire State of Colorado compared to the same month in 2014, according to market statistics prepared for the Colorado Association of REALTORS® (CAR) by 10K Research and Marketing, a Minneapolis-based real estate technology company using data provided by all of the Multiple Listing Services (MLS) in Colorado..    Last...

Buyer Frenzy and Bad Decisions

“Number one, cash is king… number two, communicate… number three, buy or bury the competition.”  – Jack Welch One of America’s most prominent business executives, Jack Welch, uttered those words in May, 2009 during the depths of our country’s most recent recession.  He was discussing business strategies for companies to survive during what was, at the time, a very uncertain...

Colorado Ranks 8th in Down Payment Programs

Colorado ranks 8th in the nation among states with the most down payment programs, according to Q2 data released by Down Payment Resource. With 68 programs available, Colorado programs offer closing cost assistance grants, mortgage credit certificates, first mortgage loans, and other programs such as employer assisted housing programs. Down Payment Resource has increased to include three percent more programs;...

Higher Tax Assessments Show Improved Markets

As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...

Tight Metro Denver Inventory a Problem

Original article posted in Denver Business Journal. See the article by clicking here, or read the highlights in our post below.   Tyrone Adams — a few weeks into his appointment as president of the Colorado Association of REALTORS — talked about the challenges facing the residential real estate industry and how he plans to help members deal with those challenges. He also talked...

High Rent Pushing More Millennials to Consider Buying

Millennials. Many were raised during the housing crisis and the recession. Their childhood experiences in a down market has shaped their outlook on home ownership. At least, that was the prevailing belief. A few years ago, it looked as though the millennial generation was rather uninterested in buying a home. In 2013, NAR was releasing reports showing a gradual, year-to-year,...

Mayor Hancock Testifies in Favor of State Senate Bill 177

DENVER – On Wednesday, March 18, Mayor Michael B. Hancock testified at the Colorado State Senate Business, Labor and Technology Committee hearing on SB-177, Construction Defects Legislation. The Mayor testified in favor of the proposed legislation, and articulated how the bill is critical to remove barriers and help Denver provide its residents with access to safe, decent, affordable housing in a...