Posts by dawna

Cybercriminals targeting home buyers

  Cybercriminals targeting home buyers and sellers nationwide. Tips on how to protect yourself. This past February, a Colorado seller lost over $80,000 from the sale of their property to one of these scams. How do the scams work? Often the computer hackers monitor email exchanges between the parties of a real estate transaction and gain…

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Existing home sales

  After a strong start to summer, New Home Sales took a dive in July. The Commerce Department reported July New Home Sales fell by 9.4 percent from June to an annualized rate of 571,000 units, below the 615,000 expected and a seven-month low. On a positive note, June was revised higher to 630,000 units…

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Investors to react

Tensions between the United States and North Korea heightened this week, causing investors to react and move dollars into the less-risky Bond markets. Stock markets plunged as a result. Meanwhile, inflationary pressures here at home were anything but tense. Wholesale inflation in July was tame. The Producer Price Index (PPI) and Core PPI, which excludes…

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Survey: Pets Drive Millennials’ Decision to Buy

  Marriage and having children may be the life events that traditionally have prompted people to transition into homeownership. But for some millennials, the need for more space is particularly tied to their furry friends. Read more: Use Pets to Sell More A third of recent home buyers ages 18 to 36 say their decision…

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Wire Fraud

*Always confirm your account number with your closer and Realtor at closing when using a wire.

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The Top Cities for Out-of-Town Home Buyers

In the first quarter of 2017, nearly one in five home buyers focused their online searches on properties outside of their current metro area, according to an analysis by Redfin of nearly 1 million users searching for homes across 75 metro areas. Read more: Expert Tips for Upping Your Relocation Game There are not enough “budget-friendly housing”…

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House Bill Regarding Marijuana

House Bill 17-1220, places limits on the number of marijuana plants that can be possessed or grown on a residential property. Large residential marijuana grows and the manufacturing operations they often bring with them have many consequences, including obvious health and safety concerns, an increase of both human and automobile activity, extensive odors, and potential stigmatization…

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Real Estate Highlights

  Highlights for March 2017 SFD sales: up 12.1% from LY (3,187 units) Average Sold price for SFD: up 8.2% from LY ($467,730) Days on market for SFD: 29.6 for March Active Listings for SFD: up 1.4% from LY (3,760 units) Highlights for 1st Quarter 2017 SFD sales: up 7.8% from 1st Quarter 2016 (7,403 units) Average Sold price for SFD: up 7.7%…

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Housing News

  Existing home sales surged to a 10-year high in January. Demand remains strong as buyers shrug off increasing prices and higher mortgage rates. A survey of 30 analysts by Reuters predicts home prices will rise at almost double the current rate of underlying inflation and wages over the next few years. Small investors buying…

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Bonds and Interest rates

The week is loaded with headline reports. Which ones will land above the fold and move markets? Pending Home Sales will be delivered Monday. Manufacturing data releases start on Monday with Durable Goods Orders. The Chicago PMI will be released Tuesday, followed by the ISM Index Wednesday. The second estimate for first quarter Gross Domestic Product will be watched by investors as well…

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