Results for: first time home buyers

Buyers and sellers shelter in place as home sales slow across the state

ENGLEWOOD, CO – Although increases in inventory are helping to restock what were nearly empty cupboards across the Denver metro and statewide housing markets over the past few years, the typical year-end housing slowdown is being fueled by some interest rate uncertainty, as well as speculation and hope for what spring 2023 may offer to patient buyers, according to the...

More Thinking Time for Buyers

Statewide, home prices in June 2021 decreased by 2% from last year at this time, according to CAR’s June Market Trends Report. But the better news is that the number of homes for sale is increasing. “Buyers need to know that for the first time in a long time they have an opportunity to think about a home purchase,” said...

Bumps in inventory and interest rates give some homebuyers hope and a window of opportunity while others are priced out as the median price for a single-family Colorado home hits a record $600,000

Despite challenges, REALTORS® across the state share signs of hope for more balance in the near future ENGLEWOOD, CO – Rising interest rates and seasonal growth in inventory have given some potential homebuyers a little larger window of opportunity while others have decided to take a step back from the homebuying search as their dollars just don’t go as far,...

REALTORS® Give Homeowners Tips for Buying in a Wild Market

Since Denver homes were only on the market for about eight days in March, which was down from 16 homes the year before, CAR Spokesperson Kelly Moye offered tips to those trying to buy a home. Finding an experienced REALTOR® was her first piece of advice; followed by making earnest money nonrefundable; spending 20% over the asking price and allowing...

March spike in new listings does little to offset home buying demand, record appreciation, and sale price

ENGLEWOOD, CO – A much-needed spike in new listings from February to March did little to quell the continued insatiable appetite for housing in markets across the state, according to the March 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New single-family listings in the seven-county Denver metro area rose 47.5% percent from February to March 2022,...

Record breaking highs and lows challenge housing buyers statewide as supply disappears

ENGLEWOOD, CO – With the inventory of active listings down 40% to more than 70% in markets across the state compared to a year ago, potential home buyers are facing record-setting appreciation and median pricing in the face of all-time lows in active listings and months supply of inventory, according to the February 2022 Housing Reports from the Colorado Association...

Three Colorado Homes Make NAR’s First-Time Buyer, Season 2

Three different Colorado REALTORS® are featured in NAR’s “First-Time Buyer” which is streamed on Hulu. The show, an NAR-produced program in its second season, showcases the obstacles first-time homebuyers face with the guidance, expertise, and confidence provided by their REALTOR®. The REALTORS® in the episodes dealt with taking their first-time homebuyers through multiple offers; newer vs. old builds; and helping...

Home sales and under contracts counter new listings keeping median prices steady

ENGLEWOOD, CO – Oct. 12, 2021 – With new listings easily countered by the volume of closed and under contract properties, the median price of homes remains steady or has continued to rise in markets across the state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). As a result, active listings in...

Telluride REALTORS® Fund Homebuyer’s Assistance Fund for 20 Years

The Telluride Association of REALTORS® (TAR) is celebrating its 20th year of providing grants to residents so they can afford to buy a home in their own town.   There are 155 TAR REALTORS® who are currently giving to the First Time Homebuyers Assistance Fund. Over the past two decades, TAR has disbursed $737,467, or about $3,000 per month. Tracy...

The Colorado Sun: As Colorado’s older homeowners consider moving, a hot housing market often keeps them stuck where they are

Equity in their current homes doesn’t buy what it used to, so some figure the prudent move is to adapt what they have. That makes the market even tighter. For many older adult homeowners, the idea of downsizing or simply moving to a home where the design and layout — plus accompanying financial considerations — makes more sense has run...