News from Steve Proctor, Realtor in Colorado

Jan 26, 2022 Market Trend

Wed, 26 January 2022 | Agent Websites

Increased mortgage rates may "Supercharge" spring buying season

The fear of missing out on low mortgage rates could “supercharge” the housing market ahead of the spring homebuying season, but not necessarily in markets where inventory is scarce. That’s ac...

Many homebuyers to be priced out in 2022

Jan 25, 2022 Market Trend

Tue, 25 January 2022 | Agent Websites

Many homebuyers to be priced out in 2022

Rising mortgage rates and last-year’s record-breaking runup in home prices are expected to price many would-be homebuyers out of the market this year, denting sales of existing homes but bringing ho...

Construction materials costs increases 19%, leading to dip in buyer confidence

Jan 24, 2022 Market Trend

Mon, 24 January 2022 | Agent Websites

Construction materials costs increases 19%, leading to dip in buyer confidence

Builder confidence kicked off 2022 with the first decline in four months as rising inflation and supply chain disruptions continue to complicate homebuilders’ jobs, according to the National Associa...

4 states meet pre-pandemic job levels, with likely more on the way

Jan 21, 2022 Market Trend

Fri, 21 January 2022 | Agent Websites

4 states meet pre-pandemic job levels, with likely more on the way

Some places have traversed the long road to economic recovery more quickly than others, as Texas and Arizona join the ranks of states that have replaced the job losses they suffered since the beginnin...

Wages increasing faster than rent in majority of counties

Jan 20, 2022 Market Trend

Thu, 20 January 2022 | Agent Websites

Wages increasing faster than rent in majority of counties

The 2022 rental affordability report released last week from Attom Data Solutions focused on the affordability of renting versus homeownership in counties across the United States. The report found th...

Six entrance tweaks to boost your home’s value

Jan 19, 2022 Market Trend

Wed, 19 January 2022 | Agent Websites

Six entrance tweaks to boost your home’s value

You don’t get a second chance to make a first impression, and if you’re selling your home, the first impression buyers get is the appearance of your entrance. A few inexpensive changes can boost y...

Listings drop to lowest point since 2016 in latest metro denver real estate market report

Jan 18, 2022 Market Trend

Tue, 18 January 2022 | Agent Websites

Listings drop to lowest point since 2016 in latest metro denver real estate market report

New listings in the metro Denver area dropped to the lowest total since 2016 in the latest market report from the Denver Metro Association of Realtors (DMAR). As mortgage rates continue to be low, buy...

Mortgage rates reach highest point since early 2020

Jan 17, 2022 Market Trend

Mon, 17 January 2022 | Agent Websites

Mortgage rates reach highest point since early 2020

Rising mortgage rates are “closing the door” on opportunities for homeowners to refinance at lower rates, but demand for purchase loans remains steady, according to the Mortgage Bankers Associatio...

The top 10 housing markets of 2022 for first-time buyers

Jan 14, 2022 Market Trend

Fri, 14 January 2022 | Agent Websites

The top 10 housing markets of 2022 for first-time buyers

First-time homebuyers have had a difficult time over the past few years, with inventory hitting some of its lowest lows as competition and prices have continue to increase. But with remote work now...

Are first-time buyers driving the surging housing demand?

Jan 13, 2022 Market Trend

Thu, 13 January 2022 | Agent Websites

Are first-time buyers driving the surging housing demand?

In the immediate aftermath of the housing crash of 2008, government tax credits helped propel first-time buyers to their greatest share of home sales in at least four decades. But when those credit...

Top five cities in the world voted the best places to live

Jan 12, 2022 Market Trend

Wed, 12 January 2022 | Agent Websites

Top five cities in the world voted the best places to live

If you had to live somewhere other than in the United States, where would it be? The world is full of beautiful and exciting place to live, but when considering where to live, there ae a variety of fa...

Jan 11, 2022 Market Trend

Tue, 11 January 2022 | Agent Websites

Demand for vacation homes declines

Demand for vacation homes slipped modestly in December, but remained 77 percent above pre-pandemic levels prior to March 2020, according to a report released Thursday from Redfin. The December numb...

Homeowner still cheaper than renting, except in biggest cities

Jan 10, 2022 Market Trend

Mon, 10 January 2022 | Agent Websites

Homeowner still cheaper than renting, except in biggest cities

Home ownership is a less expensive option than renting in a majority of U.S. housing markets, even as median home prices shoot through the roof, according to a new report. A report released Thursd...

10 Factors creating a perfect storm in real estate inventory

Jan 7, 2022 Market Trend

Fri, 07 January 2022 | Agent Websites

10 Factors creating a perfect storm in real estate inventory

No matter the source, the message is the same: We are experiencing a record-breaking lack of homes for sale. Since the trends being reported have been national in scope, I dove into our local county r...

Rent control: does It make housing affordable?

Jan 6, 2022 Market Trend

Thu, 06 January 2022 | Agent Websites

Rent control: does It make housing affordable?

Once upon a time, there was a quirky little parochial town called St. Paul, Minnesota — not to be confused with its twin, Minneapolis. (I also call it home.) The city of St. Paul plans on fixing the...

Jan 5, 2022 Market Trend

Wed, 05 January 2022 | Agent Websites

U.S. Median rent increased 11% in 2021

The median asking rent in the U.S. increased 11 percent over the course of 2021 as inflation hit Americans in full force, according to a report from online rental marketplace Dwellsy. That’s thre...

Near-Record home price growth continues, despite upcoming slowdown

Jan 4, 2022 Market Trend

Tue, 04 January 2022 | Agent Websites

Near-Record home price growth continues, despite upcoming slowdown

Home prices soared once again in October, but offered more signs that the rate of growth may have peaked for now. Homes sold in October went for 19.1 percent more than they did in the same month la...

As omicron triggers market volatility, mortgage rates decline

Jan 3, 2022 Market Trend

Mon, 03 January 2022 | Agent Websites

As omicron triggers market volatility, mortgage rates decline

Buyers who locked in mortgage rates this week got a bit of a reprieve as they continued to race to get ahead of the long-term rate increases to come. The average rate for a 30-year mortgage fell to...

Dec 30, 2021 Market Trend

Thu, 30 December 2021 | Agent Websites

Ten most common new year resolutions

Every year, millions of people make New Year’s resolutions in an attempt to spark positive change. The recurring themes each year include a more active approach to health and fitness, improved finan...

For years, homeowners have stayed put. Why that is about to change?

Dec 29, 2021 Market Trend

Wed, 29 December 2021 | Agent Websites

For years, homeowners have stayed put. Why that is about to change?

After housing prices plummeted in 2008, homeowners became newly reluctant to sell and move. Midway through the pandemic, however, the floodgates have opened for the first time in more than a decad...

Existing-Home sales rise again, fueled by climbing mortgage rates

Dec 28, 2021 Market Trend

Tue, 28 December 2021 | Agent Websites

Existing-Home sales rise again, fueled by climbing mortgage rates

Existing-home sales increased by 1.9 percent from October to November 2021 to a seasonally adjusted annual rate of 6.46 million, according to the National Association of Realtor’s (NAR) existing-hom...

Forbes group makes predictions for 2022 real estate market and beyond

Dec 27, 2021 Market Trend

Mon, 27 December 2021 | Agent Websites

Forbes group makes predictions for 2022 real estate market and beyond

The Forbes Biz Council recently shared their insights on the future of real estate and what trends they believe will impact the market in the coming years. The complexity of local zoning and permit...

Dec 24, 2021 Market Trend

Fri, 24 December 2021 | Agent Websites

Home inventory decreases to record low

Home inventory has grown even more scarce as the number of houses on the market reached an all-time low last month, Redfin reports. The seasonally adjusted number of homes for sale was 18 percent l...

Realtor Group predicts extreme seller’s market in 2022

Dec 23, 2021 Market Trend

Thu, 23 December 2021 | Agent Websites

Realtor Group predicts extreme seller’s market in 2022

The state’s largest real estate association has predicted a massive inventory shortage in 2022, creating an “extreme” seller’s market in the New Year. The Denver Metro Association of Realtors ...

Filing your tax returns early has several advantages

Dec 22, 2021 Market Trend

Wed, 22 December 2021 | Agent Websites

Filing your tax returns early has several advantages

By filing your income tax returns early, you will be among the first returns to be e-filed on January 31st, which also means you will be among the first taxpayers to receive their refund early if one ...

10 Booming housing markets to watch in 2022

Dec 21, 2021 Market Trend

Tue, 21 December 2021 | Agent Websites

10 Booming housing markets to watch in 2022

Experts have said that the real estate market is finally showing signs of slowing after a year of surging home prices and intense buyer competition. But desirable markets across the Mountain West and ...

U.S. Home Price Growth Accelerates to 45-Year Record

Dec 20, 2021 Market Trend

Mon, 20 December 2021 | Agent Websites

U.S. Home Price Growth Accelerates to 45-Year Record

U.S. home price growth surged a record 18 percent year over year in October to the highest growth rate in the 45-year history of CoreLogic’s Home Price Index. While the rate of annual home price ...

What kids around the world leave for santa claus on christmas eve

Dec 17, 2021 Market Trend

Fri, 17 December 2021 | Agent Websites

What kids around the world leave for santa claus on christmas eve

It’s customary for most children here in the United States to leave milk and cookies for Santa Claus on Christmas Eve. Some kids prefer to leave a peanut butter and jelly sandwich. Leaving a treat f...

What you need to know before deducting charitable donations on your taxes

Dec 16, 2021 Market Trend

Thu, 16 December 2021 | Agent Websites

What you need to know before deducting charitable donations on your taxes

There are several things you should know before you give donations to a charity. Many people give to charities each year during the holiday season. It’s a great time to help those less fortunate. Bu...

Decline in demand for mortgage refinancing previews what's to come

Dec 15, 2021 Real Estate

Wed, 15 December 2021 | Agent Websites

Decline in demand for mortgage refinancing previews what's to come

Homebuyer demand for purchase mortgages picked up last week after adjusting for the Thanksgiving holiday, but requests to refinance were down sharply as mortgage rates rose for the third week in a row...

Realtor.com report: 2022 real estate market may be

Dec 14, 2021 Real Estate

Tue, 14 December 2021 | Agent Websites

Realtor.com report: 2022 real estate market may be "mixed bag"

A new report from realtor.com indicates 2022 should see an increase in existing homes sales, though challenges with supply will likely linger and turn the year into something of a “mixed bag.” ...

Record increase in Fannie, Freddie loan limits sparks debate

Dec 13, 2021 Market Trend

Mon, 13 December 2021 | Agent Websites

Record increase in Fannie, Freddie loan limits sparks debate

Rapid home price appreciation during the pandemic means loan limits for Fannie Mae and Freddie Mac will make a record-breaking leap in 2022, fueling a debate over housing affordability and competition...

Housing prices predicted to increase by 16 percent in 2022

Dec 10, 2021 Market Trend

Fri, 10 December 2021 | Agent Websites

Housing prices predicted to increase by 16 percent in 2022

Housing prices in the metro Denver area are about to increase at a record rate, according to investment bankers. Goldman Sachs recently released a forecast of the nation’s housing market future. The...

Dec 9, 2021 Real Estate

Thu, 09 December 2021 | Agent Websites

New home sales climb to 6-month high

After increasing by double digits in September 2021, sales of new single-family homes slowed significantly in October, rising by a modest 0.4 percent to a seasonally adjusted annual rate of 745,000, t...

Unique holiday foods from around the world

Dec 8, 2021 Market Trend

Wed, 08 December 2021 | Agent Websites

Unique holiday foods from around the world

Food is the cornerstone of the holiday season. It brings friends and family together to share memories, cultural traditions, and great flavors. From figgy pudding to fruit cake, many foods bring on...

2021 on pace to be biggest year for existing-home sales since 2006

Dec 7, 2021 Real Estate

Tue, 07 December 2021 | Agent Websites

2021 on pace to be biggest year for existing-home sales since 2006

Existing-home sales increased by just 0.8 percent in October to a seasonally adjusted annual rate of 6.34 million but the resiliency should push sales beyond 6 million homes, the highest volume since ...

Internal revenue service announces dirty dozen tax scams

Dec 6, 2021 Market Trend

Mon, 06 December 2021 | Agent Websites

Internal revenue service announces dirty dozen tax scams

The Internal Revenue Service (IRS) has announced its annual “Dirty Dozen” tax scams with a special emphasis on aggressive and evolving schemes related to COVID-10 tax relief, including Economic Im...

Home prices and sales expected to decrease over next 2 years

Dec 3, 2021 Market Trend

Fri, 03 December 2021 | Agent Websites

Home prices and sales expected to decrease over next 2 years

Inflation is heating up and could accelerate further, but the impact on mortgage rates is likely to be modest thanks to the Federal Reserve laying out a clear roadmap of its plans to withdraw its supp...

5 Reasons why the 2022 housing market Looks to be strong

Dec 2, 2021 Real Estate

Thu, 02 December 2021 | Agent Websites

5 Reasons why the 2022 housing market Looks to be strong

For almost the past two years, real estate professionals have been riding the housing boom to record sales and transaction volume. However, as home prices reach astronomical levels, some experts, agen...

Unique gifts help make the holiday season fun and memorable

Dec 1, 2021 Market Trend

Wed, 01 December 2021 | Agent Websites

Unique gifts help make the holiday season fun and memorable

Life is more interesting when things get a little unusual, and the same is true for the holidays. While everyone else is busy snatching up the latest electronic games and singing along to their favori...

U.S. Experience record-breaking 8th month of high-speed sales

Nov 30, 2021 Market Trend

Tue, 30 November 2021 | Agent Websites

U.S. Experience record-breaking 8th month of high-speed sales

The pace of home sales broke a record for the eight consecutive month during October even amid slowing seasonal patterns, according to a report from realtor.com released on Wednesday. Amid the cont...

NAR: Home prices experience double-digit growth across 80% of metropolitan areas in Q3

Nov 29, 2021 Real Estate

Mon, 29 November 2021 | Agent Websites

NAR: Home prices experience double-digit growth across 80% of metropolitan areas in Q3

Home prices continued their impressive upward climb during the third quarter of 2021, with the median sales price of single-family existing homes increasing in 99 percent of the 183 markets measured b...

The top 10 benefits of living in an HOA community

Nov 26, 2021 Market Trend

Fri, 26 November 2021 | Agent Websites

The top 10 benefits of living in an HOA community

When you consider purchasing a home within an HOA community, there are several questions you may have, such as “What are the benefits of living in a covenant-controlled neighborhood.” First, you n...

Recent decline in mortgage rates increases home demand

Nov 25, 2021 Market Trend

Thu, 25 November 2021 | Agent Websites

Recent decline in mortgage rates increases home demand

What at first appeared to be a brief blip in mortgage rate growth deepened this week into a more persistent dip as rates for 30-year loans dropped back below 3 percent. The average rate for a 30-ye...

As mortgage rates dettle, will borrowers respond?

Nov 24, 2021 Market Trend

Wed, 24 November 2021 | Agent Websites

As mortgage rates dettle, will borrowers respond?

Mortgage rates eased at the end of October, but it remains to be seen whether lower rates will drive increased demand for mortgages. That’s because most of the decline in rates tracked by the Mor...

Nov 23, 2021 Market Trend

Tue, 23 November 2021 | Agent Websites

Recent decline in mortgage rates increases home demand

What at first appeared to be a brief blip in mortgage rate growth deepened this week into a more persistent dip as rates for 30-year loans dropped back below 3 percent. The average rate for a 30-ye...

How will inflation impact the housing market?

Nov 22, 2021 Market Trend

Mon, 22 November 2021 | Agent Websites

How will inflation impact the housing market?

It seems that nothing ever stays the same. The United States is currently experiencing the highest inflation rate it has seen in the past 30 years, with a 6.2 percent rise in consumer prices last mont...

America's most expensive enclaves: the big climbers and fallers of 2021

Nov 19, 2021 Market Trend

Fri, 19 November 2021 | Agent Websites

America's most expensive enclaves: the big climbers and fallers of 2021

America’s most exclusive home markets got even more expensive in 2021, and new numbers from PropertyShark show just how much. All 10 of the nation’s priciest ZIP codes surpassed $4 million in m...

Home sales believed to be immune from economic pessimism

Nov 18, 2021 Real Estate

Thu, 18 November 2021 | Agent Websites

Home sales believed to be immune from economic pessimism

Americans’ confidence that the economy is on the right track is at its lowest level since 2013, but increasingly negative consumer sentiment is not seen as an immediate threat to home sales as homeb...

Rise in mortgage rates stabilizes; don't expect it to last

Nov 17, 2021 Market Trend

Wed, 17 November 2021 | Agent Websites

Rise in mortgage rates stabilizes; don't expect it to last

Amid an otherwise consistent pattern of steep hikes, mortgage rates dipped this week for only the second time since late September. The average rate for a 30-year mortgage dropped back to 3.09 perc...

Zillow spent big in Colorado’s Front Range this summer, months before collapse of home-flipping business

Nov 16, 2021 Market Trend

Tue, 16 November 2021 | Agent Websites

Zillow spent big in Colorado’s Front Range this summer, months before collapse of home-flipping business

The collapse of Zillow Offers — the online real estate giant’s venture into buying and selling homes — announced Nov. 2 can be traced, in one small part, to its over eagerness to invest in Color...

Metro denver home sales, listings drop in october

Nov 15, 2021 Real Estate

Mon, 15 November 2021 | Agent Websites

Metro denver home sales, listings drop in october

Home sales and listings in the metro Denver area dropped considerably in October as the market appears to cool compared to this time last year, according to the most recent market report from the Denv...

4 Big real estate trends to bet on in 2022

Nov 12, 2021 Market Trend

Fri, 12 November 2021 | Agent Websites

4 Big real estate trends to bet on in 2022

Looking toward the future is a huge part of any real estate agent’s job but just what that means can be a challenge to figure out. Should you be keeping your eye on blockchain and cryptocurrency? Fi...

Homeowners who left forbearance now more likely to require help

Nov 11, 2021 Real Estate

Thu, 11 November 2021 | Agent Websites

Homeowners who left forbearance now more likely to require help

More than half a million homeowners who put their loans in forbearance during the pandemic are now in active loss mitigation, a 37 percent jump from a month ago, as relief programs that allowed millio...

Questions to ask yourself before buying a vacation home

Nov 10, 2021 Real Estate

Wed, 10 November 2021 | Agent Websites

Questions to ask yourself before buying a vacation home

Did you fall in love with your last vacation destination and know that you absolutely must buy a home there so that you can recreate those magical experiences. You are not alone. According to the Nati...

Why the housing market will cool in 2022

Nov 9, 2021 Market Trend

Tue, 09 November 2021 | Agent Websites

Why the housing market will cool in 2022

You’re hearing it from every corner: Home values are rising so fast that a cooling period is imminent. And according to Zelman & Associates CEO Ivy Zelman, there are some strong indicators that a tu...

As prices climb to historic record, new home sales beat expectations

Nov 8, 2021 Real Estate

Mon, 08 November 2021 | Agent Websites

As prices climb to historic record, new home sales beat expectations

Sales of new single-family homes spiked 14 percent between August 2021 and September 2021 to a seasonally adjusted annual rate of 800,000, according to the U.S. Census Bureau and Department of Housing...

30-Year Mortgage Rates reach highest point since early spring

Nov 5, 2021 Market Trend

Fri, 05 November 2021 | Agent Websites

30-Year Mortgage Rates reach highest point since early spring

Rates for 30-year mortgages earlier this week reached their highest levels since April as the U.S. housing market continued to navigate a host of unprecedented conditions. A month of sharp growth h...

Existing-Home sales recover in september after august decline: NAR

Nov 4, 2021 Real Estate

Thu, 04 November 2021 | Agent Websites

Existing-Home sales recover in september after august decline: NAR

Existing-home sales surged 7 percent in September 2021 to a seasonally adjusted annual rate of 6.29 million following August’s 2 percent dip in sales, the National Association of Realtors (NAR) repo...

2021 on track to be one of the strongest years in real estate history for home sales

Nov 3, 2021 Market Trend

Wed, 03 November 2021 | Agent Websites

2021 on track to be one of the strongest years in real estate history for home sales

A new report from real estate tech firm MoxiWorks predicts that a strong fall and winter homebuying season should mean 2021 will wrap up with nearly 7 million total sales — making it one of the stro...

Rent prices experienced close to rare double-digit growth in August: CoreLogic

Nov 2, 2021 Market Trend

Tue, 02 November 2021 | Agent Websites

Rent prices experienced close to rare double-digit growth in August: CoreLogic

Nationwide, rent for a typical single-family home surged 9.3 percent in August, notching a year-over-year increase in growth unparalleled since at least 2005, according according to CoreLogic’s late...

As list prices keep soaring, many homebuyers are not playing along

Nov 1, 2021 Real Estate

Mon, 01 November 2021 | Agent Websites

As list prices keep soaring, many homebuyers are not playing along

The share of homes that sold for more than they were initially listed for dropped in September for the third consecutive month, according to a report released Thursday by OJO Labs. Approximately 43...

Mortgage rates for home loans reach highest levels since june

Oct 29, 2021 Market Trend

Fri, 29 October 2021 | Agent Websites

Mortgage rates for home loans reach highest levels since june

Homebuyers took rising mortgage rates in stride last week, but interest in refinancing continued to dwindle as rates for home loans hit their highest levels since June. The Mortgage Bankers Associa...

Robust market may be cooling as we enter the winter season

Oct 28, 2021 Market Trend

Thu, 28 October 2021 | Agent Websites

Robust market may be cooling as we enter the winter season

Real estate market observers report that the robust metro Denver real estate market may be cooling somewhat as we enter the winter months. The record-breaking home buying and selling activity in Color...

Housing affordability improves for 2nd straight month

Oct 27, 2021 Real Estate

Wed, 27 October 2021 | Agent Websites

Housing affordability improves for 2nd straight month

Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability imp...

Oct 26, 2021 Real Estate

Tue, 26 October 2021 | Agent Websites

What mortgage loan is best for you?

Unless you can buy your home entirely in cash, finding the right property is only half the battle. The other half is choosing the best type of mortgage. You’ll likely be paying back your mortgage ov...

If Mortgage Rates keep rising, home price may moderate

Oct 25, 2021 Market Trend

Mon, 25 October 2021 | Agent Websites

If Mortgage Rates keep rising, home price may moderate

After months of relative stability, mortgage rates are headed up as investors who fund home loans digest the prospects for long-term inflation and the Federal Reserve’s plans to taper support for mo...

Oct 22, 2021 Real Estate

Fri, 22 October 2021 | Agent Websites

Five things to keep in mind when buying a brand new home

Brand new homes can be very appealing. They haven’t been lived in, you can customize features, and you avoid the improvement costs that can come with older homes. If the new home is part of a pla...

Denver ranked among the top food cities in the country

Oct 21, 2021 Market Trend

Thu, 21 October 2021 | Agent Websites

Denver ranked among the top food cities in the country

Denver is one of the top cities in the country for food lovers, according to a report from WalletHub. Denver ranked 18th overall when considering several categories. While Denver wasn’t ranked first...

Think twice before dealing with companies that want to buy equity in your home

Oct 20, 2021 Real Estate

Wed, 20 October 2021 | Agent Websites

Think twice before dealing with companies that want to buy equity in your home

Home equity investment companies lend you money, based on your home’s equity, for a fixed period of time. For this, you give them a percentage of your home’s future appreciation. This is risky bec...

Better Holdco enabling homebuyers in 12 states to make cash offers

Oct 19, 2021 Real Estate

Tue, 19 October 2021 | Agent Websites

Better Holdco enabling homebuyers in 12 states to make cash offers

Demonstrating once again that it’s about more than just mortgages, Better Holdco Inc. has rolled out a cash offer program to its real estate brokerage clients that it’s already scaled up to 45 mar...

Tips for finding listings in a highly competitive market

Oct 18, 2021 Market Trend

Mon, 18 October 2021 | Agent Websites

Tips for finding listings in a highly competitive market

Becky Eakle believes that 60 percent of a real estate agent’s work should be with sellers. And if an agent has been in the business for more than two years, that percentage should tick up to 70. The...

Oct 15, 2021 Market Trend

Fri, 15 October 2021 | Agent Websites

US home prices soar to 45-year high

U.S. home prices soared 18.1 percent in August, notching the highest annualized rate of acceleration since CoreLogic began recording the data in 1977. U.S. home prices increased by 1.3 percent betw...

Essential workers dismiss space and age of home to afford rent: Zillow

Oct 14, 2021 Market Trend

Thu, 14 October 2021 | Agent Websites

Essential workers dismiss space and age of home to afford rent: Zillow

In September, a CoreLogic report showed that single-family rents hit a new record in July 2021, and renters are making sacrifices to afford those skyrocketing rents. Millions of essential workers i...

Is staging your home for sale worth the effort?

Oct 13, 2021 Real Estate

Wed, 13 October 2021 | Agent Websites

Is staging your home for sale worth the effort?

Is staging your home for the market really worth the time and effort? When potential buyers come to view your home, you want them to see themselves living there. They need to feel at home, so many per...

Buyers wonder if sellers are getting greedy, as asking prices soar to new records

Oct 12, 2021 Real Estate

Tue, 12 October 2021 | Agent Websites

Buyers wonder if sellers are getting greedy, as asking prices soar to new records

The median asking price of newly listed homes for sale surged 12 percent year over year to a new record high of $361,250 during the four-week period ending September 26, according to tech-powered brok...

U.S. Home price growth experiences biggest gain in a generation

Oct 11, 2021 Real Estate

Mon, 11 October 2021 | Agent Websites

U.S. Home price growth experiences biggest gain in a generation

U.S. home price growth soared 19.7 percent in July, extending an unprecedented 14-month streak of increases and setting a new record for annual price growth, according to the S&P/Case-Shiller U.S. Nat...

Median home price in metro Denver escalates dramatically

Oct 8, 2021 Real Estate

Fri, 08 October 2021 | Agent Websites

Median home price in metro Denver escalates dramatically

The median home price in the metro Denver area saw an increase year-over-year of anywhere from 15.2% in Wheat Ridge to 41% in Lone Tree, with everything in between. The metro area has been at less tha...

Short-Term rental demand will likely be high for fall, winter

Oct 7, 2021 Market Trend

Thu, 07 October 2021 | Agent Websites

Short-Term rental demand will likely be high for fall, winter

Short-term rental demand fell below 2019 levels for the first time since April 2021 in August, dropping by 0.9 percent, according to a report from short-term rental analytics company AirDNA. As fam...

For 2nd consecutive month, new home sales see modest gains

Oct 6, 2021 Real Estate

Wed, 06 October 2021 | Agent Websites

For 2nd consecutive month, new home sales see modest gains

Sales of newly built single‐family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate of 729,000, according to data released on Friday b...

Home costs stay in acceptable range thanks to low mortgage rates

Oct 5, 2021 Market Trend

Tue, 05 October 2021 | Agent Websites

Home costs stay in acceptable range thanks to low mortgage rates

Low mortgage rates and rising incomes have kept monthly housing costs largely within affordable levels, but those costs have been creeping closer to the limits of what lenders recommend. The main c...

Oct 4, 2021 Market Trend

Mon, 04 October 2021 | Agent Websites

Five free and easy ways to save energy

Every step you take to save energy helps you save money and reduce your home’s impact on the environment. If every American simply replaced one light bulb with a more energy-efficient variety, we wo...

Fall housing forecast: moderating prices, tighter inventory, less competition

Oct 1, 2021 Real Estate

Fri, 01 October 2021 | Agent Websites

Fall housing forecast: moderating prices, tighter inventory, less competition

It looks like real estate agents will have time to pause and take in a breath of crisp, fall air as they transition from the summer to the fall real estate market, according to insights from industry ...

As inventory situation improves, demand for mortgages surges

Sep 30, 2021 Market Trend

Thu, 30 September 2021 | Agent Websites

As inventory situation improves, demand for mortgages surges

Demand for purchase loans rebounded last week to the highest level seen since April, as demand for housing remains strong and more listings become available in some markets. The Mortgage Bankers As...

Struggling homeowners may evade foreclosure due to surging prices

Sep 29, 2021 Real Estate

Wed, 29 September 2021 | Agent Websites

Struggling homeowners may evade foreclosure due to surging prices

According to a survey of real estate experts and economists, only 1 in 20 homes that hit the market next year will be foreclosed properties According to a recent survey sponsored by Zillow, as evic...

Multifamily housing starts deliver august surprise as single-family starts decline

Sep 28, 2021 Market Trend

Tue, 28 September 2021 | Agent Websites

Multifamily housing starts deliver august surprise as single-family starts decline

Multifamily housing starts beat expectations in August, rising 3.9 percent from the revised July estimate to a seasonally adjusted annual rate of 1,615,000, likely buoyed by softening lumber prices, a...

Rent prices increase dramatically once again: CoreLogic

Sep 27, 2021 Market Trend

Mon, 27 September 2021 | Agent Websites

Rent prices increase dramatically once again: CoreLogic

While June’s rental prices were the highest since 2005, July’s numbers set new records yet again. According to the latest Single-Family Rent Index report from CoreLogic released on Tuesday, rent f...

Home sales expected to stay strong this fall: MoxiWorks

Sep 24, 2021 Real Estate

Fri, 24 September 2021 | Agent Websites

Home sales expected to stay strong this fall: MoxiWorks

Despite the ongoing coronavirus pandemic and the looming autumn season, a new report from real estate tech firm MoxiWorks suggests home sales will remain strong during the next month and a half. Th...

Fewer homes sell in August than last year, a first since pandemic boom

Sep 23, 2021 Real Estate

Thu, 23 September 2021 | Agent Websites

Fewer homes sell in August than last year, a first since pandemic boom

For the first time since the pandemic-fueled housing boom began, fewer homes sold in the month of August than in the same period the previous year. Home sales dropped 1.4 percent from July to Augus...

Mortgage Rates remain stable as virus continues

Sep 22, 2021 Market Trend

Wed, 22 September 2021 | Agent Websites

Mortgage Rates remain stable as virus continues

Rates for 30-year loans that have remained almost eerily stable for weeks posted yet another period of minimal change, according to results from Freddie Mac’s latest lender survey. Uncertainty ov...

Address	6020 Greenwood Plaza Blvd Greenwood Village, CO 80111 USA
Direct	(303) 930-5122
Cell	(303) 549-1070
Office	(303) 771-9400
Email	STEVENPROCTOR@REMAX.NET

Steve Proctor News