Kelly Moye, a CAR spokesperson and a real estate broker at RE/MAX Alliance in Bloomfield, Colo. spoke with National Mortgage News about her views on the impact of the legalization of marijuana on the real estate market. According to Kelly Moye, "we can see that it has absolutely affected our market". Data shows that the legalization of marijuana initially affected the...
As Colorado cools down with the changing of the seasons, typically so does the housing market. Dave Anderson, a RE/MAX Pueblo West agent spoke with The Pueblo Chieftain offering his professional opinion on the current status of Pueblo County housing market. "The Pueblo market is still strong, although a low inventory continues to limit growth in sales volume." While low inventory does limit...
Everyone is expecting a cliff at the end of the market’s rise, but what appears to be occurring instead is a leveling off in the Denver real estate market We all know the Bavarian Yodeler bit on ‘The Price is Right’ – where the little guy climbs higher and higher on the mountain as the audience’s hum turns to a rumble....
Answers may not be known until spring season https://coloradorealtors.com/market-trends/ ENGLEWOOD, Colo. – Oct. 11, 2017 – While the first measurable snowfall of the season just hit Colorado’s front range, experts in Colorado’s real estate industry are already turning their attention to spring 2018 for potential answers to the growing list of questions surrounding the state’s residential real estate market. Traditional fall slowdowns are...
Key findings from the May 2017 research report include: New and active listings in May were up approximately 10 percent across the state over the prior month. However, year-over-year active listings are down more than 32 percent. Median sales price for a single-family home in the Denver metro area inched slightly higher in May to hit another record high: $407,000. ...
Is Fort Collins in a Housing Bubble? [caption id="attachment_23846" align="alignnone" width="300"] JIM HILL / KUNC[/caption] There are several factors that have to be in play for a housing bubble to exist. The inventory needs to outweigh the demand — too many houses on the market — which will lead to dramatic price drops. “In our case, the cities and counties are holding [builders]...
Supreme Court makes landmark ruling for condo developers Jun 5, 2017, 1:14pm MDT Updated Jun 5, 2017, 1:29pm MDT The Colorado Supreme Court on Monday upheld the right of condominium developers to require disputes go to binding arbitration, essentially putting into state law a contentious provision that construction-defects reform advocates said was the key to reviving a largely defunct condo market...
FOR IMMEDIATE RELEASE Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market https://coloradorealtors.com/market-trends/ Key findings from the February 2017 research report include: 30 percent increase in new statewide listings offset by strong sales and record low inventory Statewide inventory down nearly 40 percent from one year ago Active listings down 8 percent across the state from January to...
The statistics included in this article are provided by the National Association of REALTORS® and was posted in Economist Commentaries, by Scholastica (Gay) Cororaton, Research Economist on February 7, 2017. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for...
WASHINGTON (December 14, 2016) — Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors®. In NAR's fourth quarter Housing Opportunities and Market Experience (HOME) survey 1,...