Results for: first time home buyers

Buyers Drawn to ‘Right-Sizing,’ But Also Leery of Losing Space

Moving to a smaller space is not just for empty nesters and retirees anymore, says Sheri Koones, author of Downsize: Living Large in a Small House (2019, The Taunton Press). Younger people are embracing a smaller footprint as well. “Younger couples … who are both working, they’re having children later, they want to be active and they don’t want to be doing...

Supply of Homes for Sale Is Shrinking Across Colorado, Not Just in Denver

“Our Colorado market has become so tough and unaffordable that the U-Haul report showed that people are now coming here less than they were just last year. In 2018 Colorado ranked number 16 on the list of states to move to. We now sit at 42 as word on the street is, we cost too much,” said Patrick Muldoon, a...

iBuyers: What REALTORS® Should Be Doing Now

You could say that iBuyers and their effect on the real estate industry is this year’s hot topic. A panel comprised of industry experts discussed the iBuyer phenomenon at this month’s Fall Forum in Beaver Creek, CO, and offered insight into ways REALTORS® can survive in an ever increasingly competitive industry. Brandon Wells, President of The Group, Inc., explained that...

September Housing Market Trends: Home Sales Decline as Colorado Housing Markets Work to Find Their Sweet Spot Amid Seasonal Challenges

Regional and Statewide Statistics Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Oct. 10, 2019 – Single-family home sales across the state fell more than 14 percent from August to September but remain up 9.1 percent over September 2018 in the seven-county Denver metro area and 5.3 percent statewide, according to the latest monthly market data from...

August Market Trends: Signs of a Shifting Market? Homes in Colorado Are More Affordable But Taking Longer to Sell

Regional and Statewide Statistics Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Sept. 12, 2019 – Still far from what would be defined as balanced, Colorado’s residential housing data continues to show signs that markets are shifting, according to the latest monthly market data from the Colorado Association of REALTORS®. Despite three-year lows on interest rates and...

How to Overcome the Biggest Obstacle to Home Ownership

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...

New housing inventory delivers little help to buyers as strong sales continue to drive pricing to new record highs across Colorado

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...

Spring Season Beginning to Emerge After Slow First Quarter

Epic winter snowfall, bomb cyclone create ripple effect on statewide housing markets Spring season beginning to emerge after slow first quarter https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/   ENGLEWOOD, CO. – April 10, 2019 – An historic mid-March “bomb cyclone” weather event, coupled with epic Colorado snow totals, tempered the typical fast start to the spring housing market in Denver and across the state, according...

Colorado Employers May Soon Help Employees Buy Their First Home

Colorado was one of the first states in the country to pass legislation for first-time homebuyers. The legislation allows them to open a tax-free savings account to save money for down payment on a new home.   Since that law was passed in 2016, Colorado is seeing the benefits of the program. – Colorado, the seventh-fastest growing state in the...

Home prices turn negative in two more metro Denver counties but home values still rising statewide

The Colorado Association of REALTORS® is confirming an earlier report from the Denver Metro Association of REALTORS® that metro Denver home prices suffered an annual decline in February.   That’s the first time that has happened since 2012. But with strong gains still piling up along the southern Front Range and in Mesa County, home prices statewide are still rising....