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Home Sales Improve During First Quarter of 2016

Steadily Rising Prices Making Homes Less Affordable For Some. During the first quarter of 2016 (January, February and March) most areas of Colorado saw an increase in the number of both single-family homes and condominiums/townhouses sold compared to the same time period in 2015.  The 15,742 single-family homes sold were an increase of 5 percent over the first quarter of...

Fewer Homes Sold In Colorado in October

Prices leveling out while inventory remains a significant challenge Fewer Colorado homes were sold statewide in October, the fourth consecutive month of declining home sales according to market statistics released today by the Colorado Association of REALTORS® (CAR).  The 6,965 single-family homes sold last month were 10 percent fewer than September and 23 percent fewer than the year’s peak number...

Home Sales Decline Second Consecutive Month

Single-family home prices down 3 percent for summer months. Fewer homes were sold in Colorado during August, the second consecutive month this year to see declining sales, according to market statistics released today by the Colorado Association of REALTORS® (CAR). The 10,657 properties sold last month represent an 8 percent decrease over July. From June through August of this year...

Home Sales Decline During July

After six consecutive months of steady movement upward, sales of single-family homes declined 4 percent to 8,700 and condominium/townhouse sales were down 2 percent to 2,761 compared to June.  Even so, those figures compare very favorably to July 2014 (+5 percent for single-family and +13 percent for condominiums/townhouses).  A drop in home sales at this time of year is common,...

Get Your Client’s Mortgage Closed On Time

How Finding the Right Lender Can Get Your Client’s Mortgage Closed On Time By Todd Crowley   Picture this: You’ve been working with your clients for months—putting in additional hours, working late nights and weekends—trying to find them the perfect house. The home is found, the purchase contract is signed, you have worked through the transaction details, and you are...

Home Buyers & Sellers Generational Trends Report

The National Association of REALTORS® just released the Home Buyers & Sellers Generational Trends report. Read the highlights and see the report below. Highlights Gen Y comprises the largest share of home buyers at 31 percent, followed by Gen X at 30 percent, and both Younger (16 percent) and Older Boomers (14 percent) at 30 percent. The Silent Generation has the smallest...

Colorado Home Sales/Prices Upward Trend

Sales of single-family, condominium and town homes (taken together) increased 16 percent statewide to 18,343 units during the first quarter 2013 compared to first quarter 2012, according to Quarterly Market Statistical Reports released by the Colorado Association of REALTORS® (CAR).   Download the PDF Here. New listings dropped slightly more than 7 percent statewide, primarily due to drops in the Denver...

Housing markets mellow with weakening prices and softening demand

ENGLEWOOD, CO – Temperatures ran hotter in July, but the housing market did not follow suit thanks to the continuation of elevated interest rates and a lighter inventory of active listings as more and more would-be sellers choose to sit on their low interest rate mortgages rather than move, according to the latest Market Trends Housing Report and analysis from...