The strength of the market showed itself yet again in March. The average days on the market plunged in March — a 35 percent decrease from March 2012. However, the average sold price statistic, $295,330, gives us the real story of the state of the housing market. This number is up 7 percent from February […]
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Market Update
Filed Under: Buying A Home, Colorado Living, Housing Analysis, Selling a Home, Statistics, The Economy Tagged With: Buy home, Colorado Real Estate, Existing Home Sales, sell home
Supply and Demand
A market runs on the principle of supply and demand, and the demand this year is slowly increasing. Average sale prices are up and this trend is expected to continue throughout the summer. Right now, everyone acknowledges that inventory is low and demand is high. Look at these encouraging stats. There were 6,786 single-family homes […]
Filed Under: Buying A Home, Colorado Living, Housing Analysis, Selling a Home, The Economy Tagged With: Buy home, Colorado Real Estate, Existing Home Sales
Foreclosure Volume Slated To Rise This Spring
After a series of months during which volume was low, foreclosure filings have started to rise again.
Filed Under: Blog, Buying A Home, Foreclosure, Housing Analysis, Residential Real Estate, Short Sale Tagged With: Buy home, Colorado Real Estate, Distressed Homes, foreclosure, Foreclosures, home buyer, RealtyTrac
Mortgage Rates Fall Back Below 4%
After a brief run-up two weeks ago, mortgage rates are back below 4 percent.
Filed Under: Blog, Buying A Home, Housing Analysis, Mortgage Rates, Mortgages, Residential Real Estate, Statistics Tagged With: 30 year fixed loan, Buy home, Discount Points, Freddie Mac, Home Affordability, home buyer
Supply Of New Homes At 6.1 Months Nationwide
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
Filed Under: Blog, Buying A Home, Housing Analysis Tagged With: Buy home, Census Bureau, home buyer, New Home Sales, New Home Supply
Home Affordability Threatened By Friday’s Jobs Report
It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
Filed Under: Blog, The Economy Tagged With: Buy home, home buyer, Jobs Report, mortgages, Non-Farm Payrolls, Unemployment Rate
Homebuilders Getting Optimistic; Higher Home Prices Ahead?
Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21
Filed Under: Blog, Buying A Home, Buying in a Recession, Housing Analysis, Real Estate Definitions, Residential Real Estate, Statistics Tagged With: Buy home, Colorado Real Estate, HMI, home buyer, Housing Market Index, NAHB, real estate pricing
CHFA – The Second of the Five Most Important Loan Programs
This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the state. Since then, CHFA has established itself as the front-runner […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate Tagged With: 30 year fixed loan, Buy home, buyer, Christian Durland, credit score, Down Payment, Getting a Mortgage don'ts, home buyer, mortgage broker, mortgages
Foreclosure versus Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory report”; however, it will usually show up […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale Tagged With: A+ Credit Consulting, Buy home, buyer, Colorado Real Estate, credit counseling, credit score, Down Payment, foreclosure, Getting a Mortgage don'ts, green real estate, home buyer, mortgage broker, mortgages, Sarah Kahley-Rufo, short sale
Steps To Get and Keep a Good Credit Score
Pay your bills on time- Pay your bills on time, every time! One way to make sure your payments are on time is to set up automatic payments on the creditor’s website or from your banking institution. Make sure that you have enough funds to clear the account, otherwise the account will show late. Also, […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Credit, Mortgages Tagged With: A+ Credit Consulting, Buy home, credit, credit score, mortgages, Sarah Kahley-Rufo