News from Steve Proctor, Realtor in Colorado

What was the turning point for home price growth?

Jun 30, 2022 Market Trend

Thu, 30 June 2022 | Agent Websites

What was the turning point for home price growth?

Housing experts and historians looking to peg down exactly when the home market took its foot off the gas after a pandemic-fueled price hike spree, may want to circle April on their calendars. Home...

Pending home sales increase in may after 6 months of decline

Jun 29, 2022 Market Trend

Wed, 29 June 2022 | Agent Websites

Pending home sales increase in may after 6 months of decline

Pending home sales inched slightly higher in May, ending six straight months of declines, according to new data. Pending sales crept up 0.7 percent to 99.9 during May, but were down 13.6 percent fr...

What kind of property should you invest in: commercial or residential?

Jun 28, 2022 Market Trend

Tue, 28 June 2022 | Agent Websites

What kind of property should you invest in: commercial or residential?

Real estate investing can be difficult to understand for those who are unfamiliar with it. What kind of property should you invest in? Which area of the country is performing the best? Are commercial ...

Home affordability declines to 15-year low, passing

Jun 27, 2022 Market Trend

Mon, 27 June 2022 | Agent Websites

Home affordability declines to 15-year low, passing "inflection point" for buyers

Zillow has dropped its forecast for home-price growth over the next 12 months as buyers grapple with the most unaffordable landscape in at least 15 years. Monthly mortgage payments in April took up...

Existing-Home sales prices reach new record after topping $400k

Jun 24, 2022 Market Trend

Fri, 24 June 2022 | Agent Websites

Existing-Home sales prices reach new record after topping $400k

Sales of existing homes fell for the fourth-straight month in May, according to data released Tuesday by the National Association of Realtors. Total sales of existing homes, condos, and co-ops drop...

What are the advantages of hardwood floors versus carpeting?

Jun 23, 2022 Market Trend

Thu, 23 June 2022 | Agent Websites

What are the advantages of hardwood floors versus carpeting?

Before considering any of the cost, insulation, or safety factors, it’s necessary to note that the main difference between carpet and hardwood is the feeling of each and the appearance of each. Carp...

Decline in builder confidence may be sign of slowing housing market

Jun 22, 2022 Market Trend

Wed, 22 June 2022 | Agent Websites

Decline in builder confidence may be sign of slowing housing market

Builder confidence marked its sixth-straight month of declines in June as builders felt the effects the economic headwinds currently rocking the sector. Builder confidence fell 2 points in June to ...

The biggest housing surprises of 2022 to date

Jun 21, 2022 Market Trend

Tue, 21 June 2022 | Agent Websites

The biggest housing surprises of 2022 to date

At the outset of 2022, a group of forecasters at Realtor.com laid out their expectations for the year to come. Now, they’re taking a second look. The listing portal’s economists revisited th...

New home buyers spend double on 1st-tear improvements: study

Jun 20, 2022 Market Trend

Mon, 20 June 2022 | Agent Websites

New home buyers spend double on 1st-tear improvements: study

Buyers of newly built houses are even more likely to spend big on home improvements in their first year of ownership, according to data from the U.S. government’s Consumer Expenditure Survey. The...

Jun 17, 2022 Market Trend

Fri, 17 June 2022 | Agent Websites

Benefits of HOA Restrictive Covenants

If you live in a neighborhood with a homeowner’s association (HOA), you are probably subject to restrictions on how you can use or maintain your property. These restrictive covenants are generally d...

Raging national housing market shows signs of cooling off

Jun 16, 2022 Market Trend

Thu, 16 June 2022 | Agent Websites

Raging national housing market shows signs of cooling off

The robust national housing market that has kept climbing over the past year is apparently starting to cool off to a more reasonable level, according to a market research firm. The most recent data sh...

Bidding wars: common mistakes buyers make

Jun 15, 2022 Market Trend

Wed, 15 June 2022 | Agent Websites

Bidding wars: common mistakes buyers make

Multiple offers on a home sale are still common, and buyers may get caught up in the competition and make some mistakes in the process. One common mistake: buyers who are willing to empty their ban...

Shifting market will slow prices down, but not entirely

Jun 14, 2022 Market Trend

Tue, 14 June 2022 | Agent Websites

Shifting market will slow prices down, but not entirely

What’s going on with home prices right now? Though the real estate industry has been collectively holding its breath since the coronavirus pandemic started more than two years ago, a consensus ha...

New home sales plummet as recession continues unabated

Jun 13, 2022 Market Trend

Mon, 13 June 2022 | Agent Websites

New home sales plummet as recession continues unabated

Sales of new homes in the U.S. plummeted last month at the same time mortgage interest rates began to rise. When you add this to skyrocketing prices on homes throughout the country, the market is feel...

Are government policies destroying home sales in america

Jun 10, 2022 Market Trend

Fri, 10 June 2022 | Agent Websites

Are government policies destroying home sales in america

High inflation and empty shelves are just two of the damaging results of the current administration in Washington, D.C. America is now a needy nation, compounded by the energy crisis, southern border ...

Billions in PPP loans went to real estate agents during pandemic

Jun 9, 2022 Market Trend

Thu, 09 June 2022 | Agent Websites

Billions in PPP loans went to real estate agents during pandemic

Some agents who thrived financially during the pandemic also had tens of thousands of dollars in COVID-19 relief loans forgiven, a new report finds. Real estate entities that said they had a single...

As supply grows, buyers regaining some control in housing market

Jun 8, 2022 Market Trend

Wed, 08 June 2022 | Agent Websites

As supply grows, buyers regaining some control in housing market

Buyers are regaining some control as the market shifts and supply grows, according to a new report. The report, released Thursday by the online brokerage Redfin, found that more than one in five se...

Nearly 68% of housing markets are overvalued. Is this a housing bubble?

Jun 7, 2022 Market Trend

Tue, 07 June 2022 | Agent Websites

Nearly 68% of housing markets are overvalued. Is this a housing bubble?

For weeks now, housing experts and economists have debated whether or not the country is in a housing bubble. Home prices and mortgage rates have surged, while wages have trailed behind. Within the...

Home showings experience abnormal april decline. is this a sign of things to come?

Jun 6, 2022 Market Trend

Mon, 06 June 2022 | Agent Websites

Home showings experience abnormal april decline. is this a sign of things to come?

A new report out Tuesday indicates that showing activity in April was down compared to both last year at the same time, as well as to March of this year — a trend the report describes as “unusual....

Is Metro denver’s overvalued housing market headed for a reset?

Jun 3, 2022 Market Trend

Fri, 03 June 2022 | Agent Websites

Is Metro denver’s overvalued housing market headed for a reset?

Home values in the metro Denver area are currently at 38.5 percent above what would normally be expected, and a recent study suggests there is a day of reckoning coming soon. Housing prices and premiu...

Lower mortgage rates fail to attract new homebuyers

Jun 2, 2022 Market Trend

Thu, 02 June 2022 | Agent Websites

Lower mortgage rates fail to attract new homebuyers

Rates for most types of mortgages continued to retreat last week from highs set during the first week in May, but lower rates failed to rekindle homebuyer demand for loans. The Mortgage Bankers Ass...

Ten easy ways to remove dog odors from your home

Jun 1, 2022 Market Trend

Wed, 01 June 2022 | Agent Websites

Ten easy ways to remove dog odors from your home

If your dog has been around for the past 15 years, you are all too familiar with the chronic case of dog odor your home may have. And the amount of fur that flies on a daily basis is shocking. Here ar...

New home sales decline to 2-Year low, short of expectations

May 31, 2022 Market Trend

Tue, 31 May 2022 | Agent Websites

New home sales decline to 2-Year low, short of expectations

New home sales took a hit for the fourth-straight month in April 2022, falling well short of economic estimates and hitting a low not seen since the height of pandemic uncertainty in April 2020 as buy...

Pros and cons of living on a golf course

May 27, 2022 Market Trend

Fri, 27 May 2022 | Agent Websites

Pros and cons of living on a golf course

For avid golfers, there is a notable upside to being able to walk out your front door and play golf any time you want. In addition to having your next round of golf right outside your door, living on ...

Atlantic city is the most affordable american beach town in 2022

May 26, 2022 Market Trend

Thu, 26 May 2022 | Agent Websites

Atlantic city is the most affordable american beach town in 2022

With Memorial Day weekend around the corner, many Americans are looking forward to the start of beach season. Unfortunately, due to the higher real estate values typically associated with waterfron...

8 Popular, surprisingly affordable cities

May 25, 2022 Market Trend

Wed, 25 May 2022 | Agent Websites

8 Popular, surprisingly affordable cities

Homebuyers have had a tough time, with home prices and mortgage rates rising relentlessly. As buyers continue to reassess where they want to live and relocate at record rates amid the ongoing pande...

Rental returns diminish due to skyrocketing home prices

May 24, 2022 Market Trend

Tue, 24 May 2022 | Agent Websites

Rental returns diminish due to skyrocketing home prices

According to a new report: Returns on single-family rentals are dropping across the United States as home price growth outpaces rent growth. The report, from real estate data curator Attom Data Sol...

Mortgage demand falls despite easing of rates

May 23, 2022 Market Trend

Mon, 23 May 2022 | Agent Websites

Mortgage demand falls despite easing of rates

For the first time in three weeks, homebuyer demand for purchase loans slipped, according to a weekly survey of lenders by the Mortgage Bankers Association. “Purchase applications fell 12 percent...

Biden administration releases 5-year plan to increase housing supply

May 20, 2022 Market Trend

Fri, 20 May 2022 | Agent Websites

Biden administration releases 5-year plan to increase housing supply

The Biden administration announced on Monday a five-year plan to ease housing costs for American families by boosting the country’s affordable housing supply. The plan focuses primarily on the fe...

Builder confidence drops to lowest level since june 2020

May 19, 2022 Market Trend

Thu, 19 May 2022 | Agent Websites

Builder confidence drops to lowest level since june 2020

Homebuilder confidence took a steep drop in May, tallying a fifth consecutive month of declines, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) re...

Five reasons to love living in a cul-de-sac

May 18, 2022 Market Trend

Wed, 18 May 2022 | Agent Websites

Five reasons to love living in a cul-de-sac

Did you grow up living in a cul-de-sac? Do you live in a cul-de-sac now or are you hoping to find a similar property to raise your family? You are not alone because cul-de-sacs are a highly desired...

Will denver’s housing market remain scorching hot throughout 2022?

May 17, 2022 Market Trend

Tue, 17 May 2022 | Agent Websites

Will denver’s housing market remain scorching hot throughout 2022?

More homes were purchased in 2021 in the metro Denver area than in any previous year in recent history with a total of 63,684 homes sold last year, according to the Denver Metro Association of Real...

Foreclosure activity ticks down slightly in April

May 16, 2022 Market Trend

Mon, 16 May 2022 | Agent Websites

Foreclosure activity ticks down slightly in April

Foreclosure activity dipped slightly in April, as the United States continues to see a highly elevated level of foreclosures compared to 2021. A total of 30,674 U.S. properties filed for foreclosur...

Metro Denver’s robust economy provides consumers with more to spend on housing: resulting in higher real estate prices

May 13, 2022 Market Trend

Fri, 13 May 2022 | Agent Websites

Metro Denver’s robust economy provides consumers with more to spend on housing: resulting in higher real estate prices

Metro Denver’s real estate market has the distinction of being one of the best long-term real estate investments in the country. Prospective homebuyers in the region have more money to spend on hous...

Buyers see little relief, even as sellers drop prices

May 12, 2022 Market Trend

Thu, 12 May 2022 | Agent Websites

Buyers see little relief, even as sellers drop prices

Sellers across the United States are dropping their asking prices at the highest rate seen since 2015, but that’s not translating to relief for buyers, according to a new report. Data from the on...

Demand for mortgages stays consistent in april

May 11, 2022 Market Trend

Wed, 11 May 2022 | Agent Websites

Demand for mortgages stays consistent in april

As mortgage rates continued to climb to their highest levels in nearly 13 years last month, many would-be homebuyers gritted their teeth and locked in a rate. But lenders saw much of what was left of ...

Hiring in real estate keeps pace with strong job growth

May 10, 2022 Market Trend

Tue, 10 May 2022 | Agent Websites

Hiring in real estate keeps pace with strong job growth

The real estate industry posted yet another strong month of hiring in April as national jobs numbers came in higher than expected. Real estate employers — a category including brokerages, among o...

Q1 home price growth driven by secondary markets: NAR

May 9, 2022 Market Trend

Mon, 09 May 2022 | Agent Websites

Q1 home price growth driven by secondary markets: NAR

Home price growth continued its breakneck pace during the first quarter of 2022, with secondary markets in Florida and elsewhere leading the charge, according to the National Association of Realtors�...

As mortgage rates plateau, demand for purchase loans increases

May 6, 2022 Market Trend

Fri, 06 May 2022 | Agent Websites

As mortgage rates plateau, demand for purchase loans increases

Demand for purchase loans picked up last week as mortgage rates took a breather from their meteoric rise, raising hopes that spring home sales won’t be floored by the one-two punch of soaring home p...

Is now a good time to buy a home? agents meet mortgage puzzle

May 5, 2022 Market Trend

Thu, 05 May 2022 | Agent Websites

Is now a good time to buy a home? agents meet mortgage puzzle

Eager to downsize from his longtime home, one of Connie Dornan’s clients is finding his options surprisingly limited. The house is large and beautiful, and would sell in a heartbeat, Dornan, an @...

Foreclosures account for 53% of listing growth on auction site Hubzu

May 4, 2022 Market Trend

Wed, 04 May 2022 | Agent Websites

Foreclosures account for 53% of listing growth on auction site Hubzu

Inventory on the online real estate auction platform Hubzu has grown by 53 percent in the past year, following the expiration of foreclosure moratoriums and borrower protections implemented during the...

Real Estate continues to thrive, despite faltering U.S. economy

May 3, 2022 Market Trend

Tue, 03 May 2022 | Agent Websites

Real Estate continues to thrive, despite faltering U.S. economy

A surprising reversal in the U.S. economy’s fast-paced growth was the result of a large net decline in American exports — not its real estate industry or consumer spending. Residential investme...

May 2, 2022 Market Trend

Mon, 02 May 2022 | Agent Websites

New home sales hit in March 2022

New home sales took a hit in March 2022 as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, with sales reaching their lowest rate since November 2021. ...

Questions to ask your realtor when selling a home: part I

Apr 29, 2022 Market Trend

Fri, 29 April 2022 | Agent Websites

Questions to ask your realtor when selling a home: part I

When selling your home, you hope to get top dollar by using the service of an experienced Realtor. To further enhance your peace-of-mind, here are some important questions you should ask your Realtor ...

The poison pill: how twitter fought Elon Musk

Apr 28, 2022 Market Trend

Thu, 28 April 2022 | Agent Websites

The poison pill: how twitter fought Elon Musk

Earlier this month, as Elon Musk escalated his attempts to take control of Twitter, the company’s board adopted a dramatic and curious strategy: The poison pill. The effort came after the billion...

As buyer demand stalls, existing-home sales decline for second month

Apr 27, 2022 Market Trend

Wed, 27 April 2022 | Agent Websites

As buyer demand stalls, existing-home sales decline for second month

As buyer demand waned amid rising interest rates and inflation, existing-home sales declined in March 2022 for the second consecutive month, the National Association of Realtors (NAR) reported on Wedn...

Medium shade trees that thrive in colorado: part II

Apr 26, 2022 Market Trend

Tue, 26 April 2022 | Agent Websites

Medium shade trees that thrive in colorado: part II

Last week we posted a blog on large shade trees that strive in Colorado’s high desert climate. This week we are focusing on medium size shade trees that are among the most beautiful trees, and some ...

Large shade trees that thrive in colorado: part I

Apr 25, 2022 Market Trend

Mon, 25 April 2022 | Agent Websites

Large shade trees that thrive in colorado: part I

If you just bought a brand-new home that needs landscaping, or if you want to remove existing pine trees for more preferable trees (no needles and pine cones) at your current home, here are some large...

Builder sentiment declines, due to rising interest rates

Apr 22, 2022 Real Estate

Fri, 22 April 2022 | Agent Websites

Builder sentiment declines, due to rising interest rates

Builder sentiment in the market for single-family homes took another tumble in April, marking the fourth straight month of declines as measured by the National Association of Home Builders/Wells Fargo...

U.S. housing starts reach fastest pace in 16 years

Apr 21, 2022 Real Estate

Thu, 21 April 2022 | Agent Websites

U.S. housing starts reach fastest pace in 16 years

Housing starts in the U.S. hit their highest level since 2006 in March as builders increased production on multifamily projects in an effort to meet inventory demands, according to a U.S. Census Burea...

Americans relocating at record pace, due to high costs

Apr 20, 2022 Market Trend

Wed, 20 April 2022 | Agent Websites

Americans relocating at record pace, due to high costs

As home prices skyrocket nationwide, the number of Americans seeking to relocate somewhere more affordable is continuing to soar, despite climbing mortgage rates, according to a new report. A reco...

Inflation hits highest mark since 1981, but housing is only part of it

Apr 19, 2022 Market Trend

Tue, 19 April 2022 | Agent Websites

Inflation hits highest mark since 1981, but housing is only part of it

Rising gas prices in March were the chief culprit behind the largest recent monthly increase in consumer prices — a fact that came as a relief to financial markets expecting bigger hikes in the cost...

Survey: Homeowner support for mother-in-law units grows

Apr 18, 2022 Market Trend

Mon, 18 April 2022 | Agent Websites

Survey: Homeowner support for mother-in-law units grows

Homeowners are still reluctant to allow apartment construction in their neighborhoods, but they’re increasingly open to other ways to address the nation’s housing shortage, a new survey suggests. ...

Forbes magazine releases list of Top earners in the world

Apr 15, 2022 Market Trend

Fri, 15 April 2022 | Agent Websites

Forbes magazine releases list of Top earners in the world

Forbes Magazine and Forbes.com has released its annual list of the richest people in the world. Forbes found over 1,000 billionaires who added to their massive fortunes compared to 2021. There are als...

Pandemic vacation-home boom may be nearing the end

Apr 14, 2022 Market Trend

Thu, 14 April 2022 | Agent Websites

Pandemic vacation-home boom may be nearing the end

The pandemic-induced boom in vacation homes may finally be coming to an end after two years of frenzied demand, according to new data. Demand for vacation homes dropped sharply in March — the sec...

Homeowners experience unprecedented growth in equity

Apr 13, 2022 Market Trend

Wed, 13 April 2022 | Agent Websites

Homeowners experience unprecedented growth in equity

With a large increase in month-end active and new listings hitting the market, a slight seasonal shift will positively impact buyers who have started to feel fatigue in the residential market. At the ...

Apr 12, 2022 Real Estate

Tue, 12 April 2022 | Agent Websites

Homeless population by state for 2022

In the United States, there are over a half a million people experiencing homelessness. These individuals live in a temporary shelter or transitional housing or sleep in a place not meant for habitati...

Competition heats up with five offers per home sold

Apr 11, 2022 Market Trend

Mon, 11 April 2022 | Agent Websites

Competition heats up with five offers per home sold

The spring residential real estate market is already well underway, and it is blooming, and so is the competition. Buyer competition intensified ahead of the official start of the spring selling and b...

Millennials ditching starter homes will boost summer inventory

Apr 8, 2022 Market Trend

Fri, 08 April 2022 | Agent Websites

Millennials ditching starter homes will boost summer inventory

As home prices continue to explode amid an intensifying inventory shortage, homebuyers’ primary source of hope this spring and summer comes from homesellers who are expertly planning their sales wit...

Why this is the best time of year to list your home

Apr 7, 2022 Market Trend

Thu, 07 April 2022 | Agent Websites

Why this is the best time of year to list your home

The best time of year to list a house for sale is fast approaching, according to new data. Spring is home-selling season of course, but data from the online listings portal Zillow reveals that Thur...

House flipping Is back, but is It profitable?

Apr 6, 2022 Market Trend

Wed, 06 April 2022 | Agent Websites

House flipping Is back, but is It profitable?

The supercharged housing market has made house flipping more popular than it’s been in years. But that doesn’t mean it’s become a more lucrative business. Attom Data Solutions on Thursday rep...

The condo recovery has started, but market for houses remains stronger

Apr 5, 2022 Market Trend

Tue, 05 April 2022 | Agent Websites

The condo recovery has started, but market for houses remains stronger

For much of the early pandemic, condos were harder to sell than houses. In more recent months, however, buyers have been diving back in to this segment of the market. Half of U.S. condos sold in Fe...

January home prices experience 4th highest year-over-year gain in 35 years

Apr 4, 2022 Market Trend

Mon, 04 April 2022 | Agent Websites

January home prices experience 4th highest year-over-year gain in 35 years

Single-family home prices continued their upward ascent in January, as homebuyers raced to beat rising interest rates, reversing the brief deceleration in home price growth seen in the fall. Home p...

Home price sticker shock stalling sales across the country

Apr 1, 2022 Market Trend

Fri, 01 April 2022 | Agent Websites

Home price sticker shock stalling sales across the country

Home sales are moving in a seesaw pattern as double-digit home price gains and near-record-low inventory continue to keep aspiring buyers from purchasing a home. Existing home sales, completed transac...

Luxury clients could be impacted by biden wealth tax

Mar 31, 2022 Market Trend

Thu, 31 March 2022 | Agent Websites

Luxury clients could be impacted by biden wealth tax

On Monday, President Biden put forth a $5.8 trillion budget for fiscal year 2023 that includes a measure that could significantly impact some of luxury real estate’s wealthiest clients. The “Bi...

Startups eager to fill the inventory void as homebuyers long for options

Mar 30, 2022 Market Trend

Wed, 30 March 2022 | Agent Websites

Startups eager to fill the inventory void as homebuyers long for options

In 2019, before the coronavirus reached the shores of his Hawaiian clients, Greg Burns’ buyers were already growing unhappy with the selection available. When the Hawaii real estate agent’s cli...

Will the inventory crisis end? Yes, but experts aren't sure when

Mar 29, 2022 Market Trend

Tue, 29 March 2022 | Agent Websites

Will the inventory crisis end? Yes, but experts aren't sure when

The inventory crisis gripping America’s housing supply will most likely let up in 2024, with some experts forecasting a longer wait, according to a new survey released Thursday by Zillow. Thirty-...

Most popular time to search for homes online

Mar 28, 2022 Market Trend

Mon, 28 March 2022 | Agent Websites

Most popular time to search for homes online

As the hot market makes reading real estate listings online a common activity for households, a new study shows house hunters tend to be more active at certain times of the day and week. The most p...

Hispanic homeownership may Hit 50% by 2025

Mar 25, 2022 Market Trend

Fri, 25 March 2022 | Agent Websites

Hispanic homeownership may Hit 50% by 2025

The Hispanic homeownership rate continued a steady rise last year and could reach 50 percent by 2025, despite a “hostile” market, according to an annual report from the National Association of His...

How your home probably earned more than you did last year

Mar 24, 2022 Market Trend

Thu, 24 March 2022 | Agent Websites

How your home probably earned more than you did last year

That’s according to a March 18 report by Zillow that found skyrocketing home valuations exceeded the median income in a majority of American cities, as homes become more and more expensive across th...

Mar 23, 2022 Real Estate

Wed, 23 March 2022 | Agent Websites

Existing-Home sales decline in February

Existing home sales ticked downward in February as continuing price increases met with growing interest rates leaving buyers scrambling. According to data released Friday by the National Associatio...

Lawmakers push for growth and density with affordable housing plan

Mar 22, 2022 Market Trend

Tue, 22 March 2022 | Agent Websites

Lawmakers push for growth and density with affordable housing plan

When the pandemic arrived, Colorado was dragged into an intense new phase of its housing shortage. You can almost draw it exactly to March 2020 when things started to deviate from the norm. Since then...

Fear, doubt, and a perfect storm of uncertainty coming this spring

Mar 21, 2022 Market Trend

Mon, 21 March 2022 | Agent Websites

Fear, doubt, and a perfect storm of uncertainty coming this spring

In most parts of the country, real estate has seen a seller’s market of unprecedented strength for going on two years now. You know the drill. Low to no inventory, multiple offers over list price, b...

Movement to resurrect rent control gains steam as rents increase

Mar 18, 2022 Market Trend

Fri, 18 March 2022 | Agent Websites

Movement to resurrect rent control gains steam as rents increase

Driven in part by rent helping to drive up inflation, lawmakers in states and cities nationwide have revived long-dormant rent-control policies in recent years, according to a new report published by ...

As demand jumps for primary homes, second-home market mips

Mar 17, 2022 Market Trend

Thu, 17 March 2022 | Agent Websites

As demand jumps for primary homes, second-home market mips

As mortgage rates have inched higher, demand for second homes has dropped precipitously, hitting its lowest level last month since May 2020, shortly after the coronavirus breached the U.S., according ...

Mar 16, 2022 Market Trend

Wed, 16 March 2022 | Agent Websites

Bid Farewell to the Starter Home

Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of rising mortgage rates, the role of open...

As mortgage rates dip, demand for purchase loans jumps 9%

Mar 15, 2022 Market Trend

Tue, 15 March 2022 | Agent Websites

As mortgage rates dip, demand for purchase loans jumps 9%

Demand for mortgages jumped last week as interest rates retreated from recent highs, thanks to a flight to safety into bonds by investors seeking shelter from the economic uncertainty created by the w...

1 out Of 12 homes in U.S. now valued at $1 million or more

Mar 14, 2022 Market Trend

Mon, 14 March 2022 | Agent Websites

1 out Of 12 homes in U.S. now valued at $1 million or more

A record 8.2 percent of homes were valued at $1 million or more in February, according to a new report from Redfin released Wednesday. The figure represents approximately 6 million American homes t...

These 10 states have the highest vacancy rates according to the 2020 census

Mar 11, 2022 Market Trend

Fri, 11 March 2022 | Agent Websites

These 10 states have the highest vacancy rates according to the 2020 census

The 2022 housing market continues to shock observers, with home prices hitting previously unthinkable highs even in the face of rising interest rates and stalled construction. Amid this race to the...

Metro denver, colorado springs both listed among country's 10 least affordable housing markets

Mar 10, 2022 Market Trend

Thu, 10 March 2022 | Agent Websites

Metro denver, colorado springs both listed among country's 10 least affordable housing markets

Home prices are rising so fast along the Front Range that Denver and Colorado Springs ranked among the 10 most unaffordable housing markets in the country last month, according to an affordability sur...

Show your first-time buyers gravy, an app made to help save on down payments

Mar 9, 2022 Market Trend

Wed, 09 March 2022 | Agent Websites

Show your first-time buyers gravy, an app made to help save on down payments

Gravy is a financial wellness app centered on helping renters save for a home. Platforms: iOS; Android Ideal for: Realogy agents; mortgage advisors; first-time buyer agents, renters Top Selling...

Appreciation, interest rates rise in february

Mar 8, 2022 Market Trend

Tue, 08 March 2022 | Agent Websites

Appreciation, interest rates rise in february

February 2022 continued to be a pillar of strength in the Colorado economy, despite global uncertainty and upheaval. With a 5.36 percent month-over-month appreciation and interest rates increasing, an...

May americans relocated last year, and they're staying put

Mar 7, 2022 Market Trend

Mon, 07 March 2022 | Agent Websites

May americans relocated last year, and they're staying put

Homeowner tenure flattened in 2021 as an estimated 27.1 million Americans relocated due to lower interest rates and the flexibility of remote work, according to Census Bureau data from November. Overa...

IBuyers purchased more than 70,000 homes in 2021, doubling previous record

Mar 4, 2022 Market Trend

Fri, 04 March 2022 | Agent Websites

IBuyers purchased more than 70,000 homes in 2021, doubling previous record

According to Zillow's Q4 iBuyer report, IBuyers purchased 70,402 homes in 2021. Companies operating as instant buyers picked up more than 70,000 homes last year, setting a new high water mark f...

Pending home sales decrease due to anticipated dip in demand

Mar 3, 2022 Market Trend

Thu, 03 March 2022 | Agent Websites

Pending home sales decrease due to anticipated dip in demand

New home transactions continued to sag in January, with fewer homes pending sales than a month earlier. Home contracts signed last month clocked in at 5.7 percent lower than in December, and 9.5 pe...

New home sales decline in january, but more inventory on the way

Mar 2, 2022 Market Trend

Wed, 02 March 2022 | Agent Websites

New home sales decline in january, but more inventory on the way

Sales of newly built or soon-to-be-built homes dropped in January as builders continued to push through the same supply-chain issues that have been a thorn in the industry’s side for months. New ...

January saw more bidding wars than any other time during COVID

Mar 1, 2022 Market Trend

Tue, 01 March 2022 | Agent Websites

January saw more bidding wars than any other time during COVID

January of 2022 is on record as the most competitive month ever for homebuyers, according to data released Wednesday from Redfin. Seventy percent of home offers handled by Redfin agents faced biddi...

Demand for purchase mortgages decreases for third consecutive week

Feb 28, 2022 Market Trend

Mon, 28 February 2022 | Agent Websites

Demand for purchase mortgages decreases for third consecutive week

Rising interest rates dented homebuyer demand for purchase mortgages for a third week in a row last week, with requests to refinance also falling sharply, according to the Mortgage Bankers Association...

Home Prices still on a tear, despite slowdown in growth

Feb 25, 2022 Market Trend

Fri, 25 February 2022 | Agent Websites

Home Prices still on a tear, despite slowdown in growth

Home prices were up 17.5 percent in the fourth quarter of 2021 compared to the same time last year, but there were signs that this period of frenzied growth in housing prices has been gradually runnin...

Homes flying off market in record time, according to new data

Feb 24, 2022 Market Trend

Thu, 24 February 2022 | Agent Websites

Homes flying off market in record time, according to new data

Homebuyers are facing one of the most competitive housing markets ever recorded, with homes selling faster than ever during the first few weeks of 2022, according to a report Friday from Redfin. Fi...

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