In The News Category
Short sale process shortens
You may or may not be aware that one of the largest down sides to short sales is the lengthy process that it takes to get a resolution. However, as of last week, Bank of America is making a change to their process in an effort to cut the wait time down to three weeks. [...]
Low inventories shift market in seller’s favor
It’s been interesting to watch the shift in the market over the past few months. Historically low interest rates have created a surplus of new buyers to the market, while the other half still remains hesitant to sell, keeping inventories incredibly low. Many of the good properties are only spending a few days on the [...]
Changes to FHA loans are two weeks away
You may have heard the news about FHA changing some policies on their loans effective April first. Directly from the HUD announcement, the changes are as follows: The Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the annual MIP (monthly charge) it collects by 0.10 percent. This change is effective for [...]
Foreclosure rates drop to 5 year low
At one point during the real estate bust, Colorado was at the top of the list for the number of foreclosed homes on the market. We were excited to learn that this trend is definitely reversing. In January, the number of foreclosed homes and foreclosure filings dropped 23 percent from this time last year. Although [...]
Home sales rise, inventories continue to drop
The market closed out 2011 with a bang! As of this week, the Denver market is looking at a 36% drop in inventory since the same time last year. With about a 4 month supply of homes currently available, there is talk that the market has begun to balance out and is turning in favor [...]
Inventories and average days on market drop
As the market continues to stabilize, we are seeing a shift in the playing field that is starting to favor sellers again. With a reduction in inventory in the Denver Metro area, if you’ve been thinking about selling, now is the time. Home prices and changes in lending conditions are no longer top news; inventory [...]
Colorado’s Real Estate market continues to stabilize
The good news is in – we continue to see the market settling down in our state. Inventory levels continue to drop, which indicates that current homeowners are choosing to stay in their homes, rather than trying to sell. This is good news for those that do opt to sell their homes, as this means [...]
Home sales continue to rise
We continue to see good news for those that are looking to sell their homes. The National Association of Realtors reports an increase in home sales in October, up over 10% from September. Buyers are becoming less hesitant to invest in real estate opportunities. While interest rates remain low and the market begins to stabilize, those [...]
Economic shift means good news for sellers
The volatility of the real estate and financial markets over the past few years appears to be settling down. According to a recent article by RE/MAX Alliance, consumer confidence rose 15 points in November, indicating that consumers are looking more optimistic about future business conditions. In addition, there is a positive outlook on the job [...]
HUD offers $100 down payments
The U.S. Department of Housing and Urban Development is once again offering to sell its homes in the Colorado area for a $100 down payment. Buyers interested in the program will need to live in the home they buy, use FHA-insured financing and pay the full current list price. More than 300 homes in Colorado [...]
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