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The National Association of REALTORS, the Mortgage Bankers Association and the National Association of Homebuilders had a lot to say to the Federal Reserve this past week. Find out what they’re concerned about and what they recommend the FED do.
What Real Estate’s Biggest Trade Groups Said to the FED Read More »
If you’re a homeseller – or you’re thinking of selling your home soon – I’ve got something to sell you and you may not want to hear it.
Some Homesellers May Not Want to Hear This Read More »
A day in the life of Metro Denver real estate One day can tell us much about the market right now. Let’s take a look at Friday, April 23rd and see what happened in the seven metro area counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson. 151 homes came on the market. There were
One day can tell us much about the real estate market now Read More »
Market Update, April 1, 2021 If you read our updates, you know we’re in a seller’s market, but you may be wondering what we mean when we say that. Housing prices respond to supply and demand. Right now, there’s high demand for homes and not much supply. In real estate, we often look at “months
Front Range Real Estate Market Update, April 1, 2021 Read More »
Over the past 25 years, nationwide home prices have appreciated about 3.8% per year. During the past year, the average price for a home is up 9.6% in Metro Denver. Nationally, homes appreciated at 9.5%, according to the CoreLogic Case-Shiller U.S. National Home Price Index. When people see numbers like that, the natural inclination is to
Front Range Real Estate Market Update, February 18, 2021 Read More »
The Principal Team’s Ultimate Home Selling System ensures your home is exposed to the maximum possible number of prospective buyers and that you earn top dollar with our “Full Service without the Fees” lower commission home sales program. If you’re thinking of selling this season, give us a call to learn specifics about your market. Call The Principal Team
Metro Denver Home Inventory vs. Home Prices, January 2010 through January 2021 Read More »
We ended 2020 with a record-low number of homes on the market – just 2,541. The average number of homes for sale at the end of December is 12,941. With such low inventory, the market strongly favors sellers. The average closed price was up 5.44% compared to 2019. Despite the pandemic-induced stand-still in the market during
Front Range Real Estate Market Update, 1/7/2021 Read More »
There’s been a lot of talk about urban real estate lately and whether people are moving out of city centers around the country to flock to the suburbs. For some people, this is definitely true. Some homebuyers believe the “work at home” trend is here to stay and they want the type of space only
Are homeowners really fleeing the city? Read More »
Every home in America just got a flood-risk score. Your home – and any home you may purchase – has an easy-to-access “Flood Factor” score that “is an indicator of its comprehensive flood risk” and shows a property’s “likelihood of flooding and the potential depth of that flood.” FEMA flood maps can be unreliable predictors of future flooding and
Front Range Real Estate Market Update, August 27, 2020 Read More »
There still aren’t enough homes for sale in Metro Denver to satisfy buyer demand. Statistics for July indicate scarcity of choice was one reason detached homes sold at a record average price last month – $601,863. This is nearly ten percent higher than a year ago (9.92% to be precise) and up 7.68% compared to
Front Range Real Estate Market Update, August 6, 2020 Read More »
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