Should I put my home on the market now or wait until spring? This is by far the question I'm asked most during the fall and winter months. It's as if people think that those who want to buy or rent a home stop wanting housing when it gets cold outside. For the record, they do not. There is a steady demand all year long. Image by Tumisu from Pixabay Let's look at the potential buyers of your home It's true that a majority of families with school-age children prefer to move during the summer months when school is not in session. However, there are also families with non-school-age … Continue reading...
What are homes sales looking like in the U.S.
Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June soared to their second highest on record in the last two decades, and more buyers are facing multiple offer situations once again, the latest reports from the National Association of REALTORS® shows. NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—rose 0.3% in June, the first increase in four months. “The recovery has not taken place, but the housing recession is over,” says Lawrence Yun, … Continue reading...
Will the real estate market heat up this summer
Will the housing market heat up this summer? 2023 has been an unpredictable year in the housing market. After the upheaval of the pandemic and the low interest rates we saw over the last two years, it seemed like a return to normal was coming this year. And one of the ways the market was going to get back to normal was that the hot spring selling season was going to return. But that never really happened. High rates and a stubbornly low number of homes for sale cooled off hopes for a hot market this past spring. Upheaval in the banking sector scared a lot of folks away from making … Continue reading...
Parker, Colorado market report
Real-Time Market Profile Never miss important changes in the Parker market. Median List Price $850,000 Median Price of New Listings $777,180 Per Square Foot $235 Average Days on Market 55 Median Days on Market 28 Price Decreased 47% Price Increased 4% Relisted 5% Inventory 185 Median Rent $3,200 … Continue reading...
Market update for May 2023
Active inventory 5228 Closed Homes 4167 New Listings 5180 Average prices $595,000 … Continue reading...
Inventories in the housing market
Inflation and Inventories Recent inflation data has seen a bit of cooling off in the numbers which in turn has helped borrowing costs to decline. And with the spring buying season underway, lower mortgage rates can be an unexpected positive boost for the season. The Mortgage Bankers Association (MBA) reported that mortgage application volumes rose each week in March as the benchmark 30-year fixed rate fell a little over half a point from the beginning of the month, now in the lower 6% range. Also, the MBA said that mortgage payments increased in February but given ongoing economic … Continue reading...
What is happening in Housing Prices
Prices fell in February for the first time in 131 months, which could bring more buyers to the market just in time for spring, according to NAR’s latest housing report. Portrait of smiling couple in front of home holding keys © monkeybusinessimages - iStock/Getty Images Plus Existing-home sales ended a yearlong decline in February, posting gains for the first time in 12 months, the National Association of REALTORS® reported Tuesday. Existing-home sales increased 14.5% month over month—which marked the largest monthly gain since July 2020—reaching a seasonally adjusted annual rate of 4.58 … Continue reading...
Parker, Colorado market report
Parker, CO Tue Feb 21 2023 This week the median list price for Parker, CO is $772,490 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has decreased to 126. Click here to stay informed with the Parker market! Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory. Buyer's Market Seller's Market 0 10 20 30 40 50 60 70 80 90 100 Today Today Last Month Last Month 54 54 Strong Seller's Market Home sales continue to outstrip supply and the Market Action … Continue reading...
Market
By Craig Wales on 12/29/2022 Tags: market update Looking ahead at the housing market in 2023 Rollercoasters are designed to take riders on an unpredictable journey with periods of exhilaration, intensity and fear. Kind of sounds like the housing market over the last twelve months, doesn’t it? 2022 was truly a roller coaster year in housing. Just to look at one metric that we’ve been following all year, the average 30-year fixed mortgage rate in January of 2022 was 3.60%--in December of 2022 that rate stood at 6.39%. That was just a few weeks after it average rate reached 7.20%, its … Continue reading...
Have homes Values hit bottom
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based on those headlines, is: how much will home prices decline? But what you may not realize is expert forecasters aren’t calling for a free fall in prices. In fact, if you look at the latest data, there’s a case to be made that the biggest portion of … Continue reading...