People are leaving expensive cities like New York and San Francisco relocating to more affordable areas. Even with high unemployment, prices are soaring across the U.S. because there’s an increasingly short supply of existing homes to choose from.
Read MoreThe average price of a single-family home that closed in January in metro Denver rose 2.9% from December to a record $629,159. Annual price appreciation is running a hot 18.7%. But that sharp increase reflects the growing dominance of more expensive homes in what is available to buy on the market.
Read MoreThe strong housing market is a welcome change for the state where median home-sale prices have languished since the collapse of the housing bubble and the ensuing 2007-2009 recession. The state’s population also has been slowly shrinking since 2014 and has a population of 3.56 million as of July 2020, according to the U.S. Census.
Read MoreEach year, LIV Sotheby’s International Realty produces a year-end Micro Market Report, which summarizes Denver Metro’s market performance last year compared to the previous year. For 2020, the report paints a picture of strength and resilience through appreciating home values, rising property sales, and accelerating market speeds.
Read MoreRealtors in the Hudson Gateway Association of Realtors’ market area that includes the lower Hudson Valley region, adapted to state-imposed restrictions early in the pandemic and rode the wave of pent-up buyer demand to post sales increases as compared to 2019 activity.
Read MoreWestchester County, the large swath of communities just north of Manhattan and the Bronx, is a major destination for city dwellers looking for a close-in suburban lifestyle. With sales volumes that have increased 51% since last year and dwindling inventory, especially in prime neighborhoods and at lower price points, Westchester serves as an excellent microcosm of the broader city-to-suburbs trend.
Read MoreWhen coronavirus hit Colorado in March, an unprecedented number of listings were pulled from the market. In April, prices held steady and houses were selling faster than they were the previous year. By May, the real estate market picked up with 56 percent more new listings than April, but still 17 percent fewer than May 2019.
Read MoreSome of Connecticut’s pricier home buying markets — Fairfield County, the shoreline, Litchfield County and the Farmington Valley — saw a surprising surge in purchases last year as the grip of the pandemic tightened, with little let-up seen for at least the first part of 2021.
Read MoreCapRelo, a global mobility firm specializing in U.S. relocation, identified which exurbs are seeing the largest upticks in population. Researchers culled data from the American Communities Project and the Brookings Institution to analyze more than 300 exurban communities in each state.
Read MoreThe see-saw year, aka 2020, ended on an astonishingly high note for real estate practitioners in the Lower Hudson Valley, according to the 2020 Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland, Orange, Sullivan, and Bronx counties released on Jan. 5 by OneKey MLS.
Read MoreDenver is expected to be the fifth-hottest home market in the U.S. in 2021, according to the results of a recent survey published by Zillow Inc.
Read MoreThe Greenwich-Bridgeport corridor will see one of the half-dozen biggest increases in home prices in the nation next year, according to a Realtor.com study of the 100 largest metropolitan regions.
On the heels of a huge real estate market driven by an escape from cities during the COVID-19 pandemic, Realtor.com is projecting a 7.8 percent increase in prices next year for the coastal Fairfield County region. Silicon Valley was tops with a forecast 10.8 percent gain, followed by regions centered by Seattle, Boise, Idaho; Fresno, Calif.; and San Francisco.
Read MoreFor many, the dream of living close to the majestic Rocky Mountains and all of the recreational opportunities afforded to residents of our hometown is now a very real possibility as transplants from other parts of the nation look to relocate to Colorado. The housing market in Denver has long been considered a seller’s market and the push to move into the area has only accelerated over the past nine months.
Read More“The impact is going to be tremendous,” Antonio Iadarola, public works director and city engineer, told City Council members at their meeting last week.
Traffic signals from the garage at Western Connecticut State University to Federal Road will also be re-timed.
Read MoreThis year's list of the 25 best neighborhoods in Denver includes some new entries in fast-growing areas like Five Points, Lowry Field and Stapleton (recently renamed Central Park). Falling out of the top 25 were Skyland, Speer and Southmoor Park.
Read MoreCompetition was also fierce in New Rochelle, which attracts buyers with its parks and beaches, an ethnically mixed population of 79,000, and by being a mere 20 miles north of Times Square. The house the Rothschilds bought — which has three bedrooms, one and a half bathrooms and a fireplace that is now working (after repairs), in the Beechmont neighborhood — received multiple bids before selling for $490,000, or $25,000 above the listing price.
Read MoreAn advantage of listing in the current market is that we are dealing with a known set of circumstances. We know where the market is, what interest rates are, what demand is like. The truth is that interest rates do fluctuate, and no one can predict where they will be in the future.
Read MoreMetro Denver is expected to see a 12.5% increase in home sales next year, which ranks fourth highest out of the 100 metro areas examined, behind only Sacramento, Harrisburg, Pa., and Charlotte, N.C., according to the forecast released on Tuesday.
Read MoreFor 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.
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