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...]
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.
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...]
2020 Housing Market Recovery Takes Hold
The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and … [Read more...]
Homebuyer Demand Is Greater Than Last Year
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming … [Read more...]
How November’s Presidential Election May Affect the Housing Market?
The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. … [Read more...]
Denver Metro Housing Market – August 2020
Denver's real estate housing market continued to heat up after the COVID shutdowns. Pent up demand and a window of opportunity to buy or sell a home had our market very active this past month. Bottom Line: Housing inventory is at a … [Read more...]
Working From Home Boosts Homebuyer Interest in Buying a Home
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still … [Read more...]
Three Updated Market Reports Agree: Housing Market is Robust
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...]
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...]
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