Some Highlights Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple … [Read more...]
National and Metro Denver Real Estate Housing Market Updates
Frequently updated insights into the national U.S. real estate housing market as well as the local Denver real estate housing market.
POOF – Housing Supply Nearly Half of Last Year
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that … [Read more...]
How Record-Low Housing Inventory Affects Buyers and Sellers
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the … [Read more...]
Over 6 Million Homeowners Entered a Forbearance Plan. How Will This Affect the Housing Market?
According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the … [Read more...]
Metro Denver Housing Market Update – January 2021
Denver's real estate housing market continues to have record-low housing inventory. Here are some quick stats to illustrate the point... Average active listings for December are 12,941 (1985-2020).Record-high December was 2007 with … [Read more...]
2021 Housing Market Forecast: Foreclosure Crisis is Very Unlikely
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 … [Read more...]
Due to Historically Low Inventory ANYTIME is a Good Time to Sell Your Home
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial … [Read more...]
Metro Denver Housing Market Update – October 2020
Denver's real estate housing market has remained strong this year amid market forces from COVID and our recurring low supply of housing inventory and high buyer demand. As people change their home preferences due to COVID and working from … [Read more...]
Home Price Projections For Next 12 Month (Hint: Up)
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the … [Read more...]
2020 Housing Market Forecasts Expect Higher Home Sales Than In 2019
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, … [Read more...]
Metro Denver Housing Market Update – September 2020
Denver's real estate housing market has remained strong this year amid market forces from COVID and our recurring low supply of housing inventory and high buyer demand. Bottom Line: Housing inventory is at a very low level. Buyers … [Read more...]
COVID Market Surveys: Buyer Preference Moves From Urban to Suburban
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide. In a recent Realtor … [Read more...]
Homebuyer Traffic Surges After COVID Slowdown
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last … [Read more...]
August 2020 Unemployment Rate Drops to 8.4%
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. … [Read more...]
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