Buyer Tips

Buyer Tips Waiting To Buy a Home Could Cost You [INFOGRAPHIC] Waiting To Buy a Home Could Cost You [INFOGRAPHIC] Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a […]
Buyer Tips Key Questions To Ask Yourself Before Buying a Home Key Questions To Ask Yourself Before Buying a Home Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. […]
Buyer Tips With Rents on the Rise – Is Now the Time To Buy? With Rents on the Rise – Is Now the Time To Buy? According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, […]
About the area 14 Times For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low. Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971. Just one year ago rates were at 3.68%. So, what does this mean […]
Buyer Tips Rent vs. Buy: How to Decide What’s Best for You Rent vs. Buy: How to Decide What’s Best for You According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question […]
Buyer Tips Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through […]
Buyer Tips Making a Home for the Brave Possible [INFOGRAPHIC] Making a Home for the Brave Possible [INFOGRAPHIC] Some Highlights VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality. If you or someone you know may benefit […]
Buyer Tips Remodeling Impact Americans spend $400 billion per year remodeling their homes. So, which remodeling investment gives the best return when it comes to resale value? It should come as no surprise, especially leading up to Thanksgiving, that the best money to spend upgrading your home is in the kitchen. It’s the place where most homeowners spend most […]
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Buyer Tips Homeownership Is a Key to Building Wealth Homeownership Is a Key to Building Wealth For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% […]
About the area A Little Perspective A Little Perspective Here’s a little perspective on the inventory of homes for sale in today’s market… First we’ll look at Metro Denver: • The average number of residential listings for sale at this time of year is 15,577 • The highest-ever for this time of year is 29,722 which occurred in 2006 • The […]
Buyer Tips VA Home Loans: Helping Heroes Find a Home VA Home Loans: Helping Heroes Find a Home Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions […]
About the area The Votes are In Real estate buyers made their voices heard last month and made a clear choice for… higher-end properties! One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges. The combination of high equity and low interest rates is clearly causing people to move up. They are able to […]
About the area Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This questions seems to crop up when prices go up. While we do not believe that the current double-digit price […]
About the area Stat of the Month We just completed a review of the September numbers in our market. Here is the one number that is standing out to us- average price. Prices are way up over last year.  Here are the specific average price increases in each of our markets compared to September 2019: Metro Denver = 13.2% Larimer County = […]
About the area Pendings are Popping Temperatures may be cooling off but the Front Range real estate market is not. Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer. Not this year. The indicator we use to measure future closed sales is current pending sales. Simply, we look at the number of […]
Buyer Tips Forbearance Falls The number of loans in forbearance just fell to their lowest level since mid-April. This is good news for the real estate market. Less and less people are seeking payment relief on their mortgages. The number of loans currently in forbearance stands at 7.16%. This news coincides with the U.S. Unemployment Rate falling to it’s […]
About the area Start it UP! Start it Up As further evidence that the housing market is more than alive and well, new home starts have recently jumped across the U.S. Building of residential properties is up 23.4% compared to last year and up 22.6% from last month. Pre-pandemic demand for new homes was very high. Now, record-low interest rates are […]
Buyer Tips At Least List Periodically we track a stat which we find to be quite interesting. It answers this question – how many properties are selling for at least list price (asking price or higher)? This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
About the area Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S. Their most recent quarterly report was just released this week. Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets. It is interesting to see how […]
About the area Spring in Summer This year the Spring market is occurring in the Summer. Typically the busiest months for real estate along the Front Range are April, May and June. This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer. Here’s an indicator.  Sales through July 2020 versus July 2019 are […]