The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. … [Read more...]
National and Local The Real Estate Housing Market
Frequently updated insights into the national U.S. real estate housing market as well as the local Denver real estate housing market.
BOOM Said June: Following May Shutdowns, June Home Sales Jump 20%! Home Prices in the West Are 5.5% Higher Than Last Year
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the … [Read more...]
Denver Metro Real Estate Market – July 2020
Denver's real estate housing market rebounded in July after the COVID shutdowns of the past few months. Buyers are looking at homes again and sellers are choosing to put their homes for sale on the market. Let's take a look at the … [Read more...]
Here Is What Experts Are Seeing With Home Prices
Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is … [Read more...]
Experts: Economic Turnaround Expected the Second Half of 2020
One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our … [Read more...]
Unemployment Report: Clarifying, Not Terrifying
Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the … [Read more...]
The States Americans Moved To and Moved Out of in 2019 [INFOGRAPHIC]
Some Highlights: Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state. Idaho held on to the top spot of ‘high inbound’ states for the second time … [Read more...]
Experts Surprised by the Strength of the Economy Are Adjusting Forecasts
We are currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street … [Read more...]
Available Housing Inventory Continues to Shrink
If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the … [Read more...]
Short Housing Supply Impedes Buyer’s Ability To Find Dream Home
The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are … [Read more...]
Denver Metro Real Estate Market – January 2020
Denver's real estate housing market is expected to be fairly good this year. I have heard 5% appreciation mentioned and it seems possible, which would be a notch better than 2019. Denver's local economy is solid and well-diversified. It has … [Read more...]
Economic Summit – The Economy and Housing Market in 2020
Recently I attended an Economic Summit hosted by the Denver Metro Association of Realtors at Mile High Stadium. There were about 500 of my peers -- fellow Realtors that like to be dialed into the market, out of about 40,000 in Colorado -- … [Read more...]
Housing Inventory Continues to Decrease
The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 … [Read more...]
Housing Affordability Index: Homes Are More Affordable Now Than 20 Years Ago
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, … [Read more...]
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