Home Prices

Home Prices Why Pricing Your Home Right Matters This Fall Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. […]
Home Prices Have You Ever Seen A Housing Market Like This? 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 challenge what many thought possible in the housing market. Here’s a look at four key […]
Home Buyers Homebuyer Traffic Is on the Rise 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 year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading showing […]
Home Prices Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states.   Some significant findings from the report:   House prices have risen for 36 consecutive quarters, or since September 2011.   House prices rose […]
Colorado At Least List Periodically we track a stat which we find to be quite interesting.   It answers this question – how many properties are selling for at least list price (asking price or higher)?   This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
Home Prices Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S.   Their most recent quarterly report was just released this week.   Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets.   It is interesting […]
Home Buying A Remarkable Recovery for the Housing Market For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at […]
Ecomony What Are Experts Saying About Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual […]
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Buying a Home Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real […]
Home Prices Today’s Expert Insight on the Housing Market   Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Reach out to a local real estate professional to get a better understanding of your home’s value today. https://www.keepingcurrentmatters.com/2020/04/24/todays-expert-insight-on-the-housing-market-infographic/
Home Buying The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It […]
Home Prices A Recession Does Not Equal a Housing Crisis Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of […]
Buying a Home Headwind vs. Tailwind So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns. Buyers are still active.  Properties are still closing.  Moving trucks are still showing up at people’s homes. Open house traffic has declined, but we notice plenty of buyers looking for property.  (one of our open houses last weekend had […]