ENGLEWOOD, Colo. – Dec. 12, 2017 – With a significant decline in new listings and active listings continuing to define a low inventory market across the metro area and the entire state, median home prices are holding their own, according to the latest housing report from the Colorado Association of REALTORS® (CAR). With limited new housing starts, the record low inventory...
Colorado has welcomed transplants from bordering states and states throughout the country in the recent years. Colorado's beauty has finally been discovered and it seemed people couldn't get enough of it. However, it seems with the rise in the housing market Colorado has become less affordable. This realization has impacted how many people are moving to the state and how...
Despite cooler temperatures, Pueblo, Colorado is still experiencing the effects of the housing market as they remain active through the seasonal cool down and prices continue to rise month over month. CAR's Housing Market Statistics showed that the median sales price for a single-family home rose from $184,600 in September to $190,110 in October. Even though Pueblo is experiencing an increase in...
Lack of inventory and massive year-over-year gains in the price of entry-level homes are not the only factors preventing prospective first-time homebuyers into taking the leap towards homeownership. According to NAR's 2017 Profile of Home Buyers and Sellers Speak report, first-time homebuyers are struggling to afford the costs that come with purchasing a home. In fact, 1 in 3 first-time...
Denver, Colorado has seen a rental price increase as the housing market has sky rocketed for that area. Matthew Leprino, a CAR spokesperson spoke with Denver 7 to offer his advice for those looking for affordable rentals near Denver. Rental prices are reliant on the median home price for the area of the rental property, "Adams County is one of the more...
The housing market for Logan/Sterling county remains active and on the rise. The county showed a decrease in the third quarter median sales price for 2017 when compared to 2016. This decrease is not a sign of a slow down, but rather outside factors that are affecting the statistics for this market. Sales volumes in Logan county have also decreased from last year,...
Pueblo Colorado, a hidden gem where those wishing to retire are flocking to live. There are many factors to consider when planning your retirement. The two most important include low-cost and desirability. Pueblo Colorado has both of these qualities with the beautiful Rocky Mountain backdrop and it's ability to stretch your dollar farther than the major bustling cities can. Dave Anderson, a real...
Colorado has many wonderful features that drive people to our state. The views are breathtaking with the states varying terrain, residents are able to experience all four seasons, and of course the adventures that are offered with our great outdoors. Colorado has a lot going for it. But did you ever think investment property was one of them? According to Markets Insider, Colorado...
Highlights from Nadia Evangelou, Research Economist Sourced from The National Association of REALTORS® - Economic Updates Original Article Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. However, in recent years many have questioned the role of homeownership due to the housing downturn and foreclosure crisis. Thus, a related question...
On Thursday, September 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives passed the legislation on Friday, September 8, 2017, and the President signed the bill into law later that day. This legislation ensures that the NFIP will not lapse on September 30, 2017, and will be extended until December...