Real Estate

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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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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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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Positive Momentum for Denver Metro Housing Market

According to the latest data from REcolorado, the provider of REcolorado.com, the most popular, locally run home search site for Colorado home buyers, sellers and renters, the Denver Metro Area housing market carried its positive momentum into 2017 with single family home sales and prices both rising in January. According to REcolorado market statistics for the…

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Housing Numbers

Housing numbers, Retail Sales and inflation data told quite the tale, while words from the Fed chair also caught people’s attention. In housing news, Housing Starts slipped in January but still beat expectations. The Commerce Department reported Housing Starts declined 2.6 percent in January from December to an annual rate of 1.246 million. However, Housing…

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Mortgage Bonds were knocked down

Mortgage Bonds were knocked down in the latter part of January, rallied as February picked up steam, and then dropped again. Mortgage Backed Securities, the type of Bond to which home loan rates are tied, worsened after a five-day rally. These Bonds have not been able to break above the resistance level set in November 2016.…

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House Sense

Is your home safe? Studies show that burglaries occur at an average of every eight seconds, 400,000 serious residential fires happen every year, and more child deaths result from accidents than from all diseases combined. Though we can never be completely safe at home, we can take certain steps to dramatically reduce hazards and the…

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Retail sales up in December

“Hey big spender. Spend a little time with me.” Shirley Bassey. Consumers spent more time ringing up sales in December. The Commerce Department reported that Retail Sales rose 0.6 percent in December from November. The increase was due in part to strong sales for autos. The year ended with momentum that could signal sales growth in…

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