For the 13th time this year the mortgage interest rates have reached the lowest point in recorded history. Freddie Mac reports 30-year, fixed rate loans were as low as 2.72% over the past week. That is down from their previous low of 2.78% earlier in the month.
Read MoreFor those yearning for a bit more undisturbed acreage in a fast-growing metro area, look to the north.
Brighton and Adams County teamed up with The Conservation Fund this week to preserve 79 acres of farmland along 144th Avenue and Sable Boulevard, just south of Brighton, in a traditionally agricultural area recently designated as Historic Splendid Valley.
Read More“Denver has so much to offer,” he added. “The city’s booming restaurant and bar scene has granted it a great number of accolades making virtually every venue a destination in its own rights. In particular, we picked the neighborhood of Lower Highlands as it marries well with the Life House brand’s ethos being architecturally interesting, growing at a very fast pace, and with a story to tell.”
Read MoreDuring the third quarter, 2,167 single family homes were sold in Westchester, a 12% improvement from 1,940 in 2019's same period Houlihan Lawrence said market conditions are favoring sellers and forcing fewer concession on pricing than last year.
Read MoreU.S. News & World Report says four Colorado cities are in the Top 5 best places to live in the country. Boulder and Denver came in at No. 1 and No. 2 and Colorado Springs and Fort Collins came in at No. 4 and No. 5 in the 150 Best Places to Live in the U.S. in 2020-21 list.
Read MoreHousing prices are rising more quickly in Fairfield County than any other locale in the U.S., according to data compiled from the real estate website Redfin by Bloomberg.
Read MoreIn Denver, home sales last month rose only 16.3%, but likely because buyers couldn’t find enough to buy. The number of homes listed for sale at the end of October was down nearly 44% over the past year and the median price for a single-family home sold is up 14.3% over the year to $519,900, according to a report from the Denver Metro Association of Realtors.
Read MoreAre you tired of renting? Are you considering purchasing your first home? Do you dream of owning a house that can provide both you and your family a sense of stability and community?
For many Americans, home ownership is an important part of the American dream. Being a homeowner means having a space to call your own and a place where you belong. It also means being a part of a community. Owning a home may provide other financial benefits, such as the ability to build wealth through home equity, and potentially lower housing costs and savings over the cost of renting.
Read MoreBuyers want to be closer to the family, want to relocate closer to kids and grandkids—and to create more space and comfort in the places where they spend the most time. “We’ve had more calls over the last year from clients wanting to really change their lifestyle than any time in our company’s history,” says Conrad Steller, managing broker of The Steller Group, agents specializing in senior moves.
“Usually a move is prompted by a job relocation or a need to change schools or to upsize or downsize. This year, people just want to find peace and a more practical living situation,” he adds.
There are now numbers behind the mass exodus of New York City residents to the suburbs and beyond amid the COVID-19 pandemic.
From March 1 through Oct. 31 this year, a total of 295,103 NYC residents have made change-of-address requests.
Read MoreThe pandemic is fueling a rush to the suburbs as New Yorkers leave tight quarters in the city and hunt for more space to quarantine as coronavirus cases climb. The city’s employers now mostly operate with remote workforces, allowing people to telecommute from anywhere.
Read MoreFacing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard.
Read More“While seemingly defying the odds, home price growth nationwide has persisted throughout the pandemic and showed little sign of slowing down even though the nation is facing a potentially bigger contraction than the Great Recession.”
Read MoreAccording to the Denver Metro Association of Realtors (DMAR) Market Trends Report, the average single-family home sold for $625,100 in October—breaking July’s record when the price exceeded $600,000 for the first time. The average price for a single-family home jumped 18 percent year-over-year from $529,554 in October 2019.
Read MoreFor homebuyers, consistently low rates over the past several months, and the almost weekly prospect of rates falling even lower, have only fueled already strong demand. After a very brief pause at the start of the pandemic, buyers came rushing back, looking for a safe haven as well as larger spaces for working and schooling from home.
Read MoreIt's no secret that the coronavirus pandemic has led many New York City residents to leave the city — the New York Times has been reporting on the phenomenon for months.
And while the Hudson Valley economy has taken a hit, the real estate markets in Westchester, Putnam, Rockland, and Orange counties recovered from the spring shutdown and were thriving by the third quarter of 2020.
Read MoreDenver Metro, which was recently named the second-best city to live in the country by U.S. News and World Report, saw a 2.4% increase in the number of homes sold through Q3. The Boulder area also had an increase in homes sold, rising by 1.9%. But with more buyers looking to make their dreams of mountain living a reality, the state’s resort markets saw the most dramatic increases throughout the year.
Read More"Home prices and seller profits across the nation continue racking up new highs as the housing market remains relatively immune from the economic havoc caused by the Coronavirus pandemic. It's almost as if the housing market and the overall economy are operating in different worlds," said Todd Teta, chief product officer at ATTOM Data Solutions.
Read MoreThe overall housing market has been hot for much of 2020, but some cities are seeing a higher surge in demand than others. Take Denver. Earlier this year, median sale prices for single-family homes and condos in Denver hit record highs of $510,000 and $334,752, respectively. In fact, Denver now has one of the most competitive housing markets in the country, and several factors are contributing to that. Take a look to see if this recipe for a competitive housing market applies to your next investment.
Read MoreNYC buyers leaving the city have re-written the rules of what today’s buyers want and need. As entire families work from the same home, additional space is a necessity, and the safety of lower density communities during the pandemic has driven demand to historic levels in Westchester, Putnam, and Dutchess counties.
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