Colorado Real Estate News

Pandemic Causes Rethink of Home Price Predictions

Pandemic Causes Rethink of Home Price Predictions

Housing forecasters are scrambling to adjust their price expectations. Back in January, CoreLogic was predicting a more than 5% gain for nationwide home prices this year. Now CoreLogic researchers are predicting that home prices across the country will be up by only 0.5% a year from now thanks to the impact of the COVID-19 pandemic.

Denver Among Top 10 Cities Best for Refinancing Now

Denver Among Top 10 Cities Best for Refinancing Now

With an average mortgage interest rate of 3.33 percent, homeowners are rushing to join the refinance boom – even in the face of the pandemic uncertainties. And lucky homeowners in some metros – like Denver – could save a lot more than others.

Millennials willing to compromise more to buy a home

Millennials willing to compromise more to buy a home

Young buyers are willing to make more sacrifices to buy a home – like drawing from retirement savings, delaying starting a family and living in lower-cost or faraway neighborhoods for the chance to build equity, according to a new study.

Three Colorado Cities Named Top Boomtowns

Three Colorado Cities Named Top Boomtowns

Longmont is the No. 1 “boomtown” in the nation, bolstered by strong population, housing and job growth, according to a study of 500 U.S. cities by SmartAsset.com. Longmont led the pack of three Colorado cities in the study’s top 10. Greeley and Denver, ranked Nos. 5 and 7 respectively, round out the list.

Statistics and trends from Chief Economist Dr. Lawrence Yun, National Association of Realtors®

Statistics and trends from Chief Economist Dr. Lawrence Yun, National Association of Realtors®

Each year, Realtors® attending the National Association of Realtors® (NAR) conference learn about up-to-the-minute real estate trends and analysis to help serve their clients with a high level of knowledge and professionalism. A highlight at this year’s conference in San Francisco was NAR Chief Economist and Senior VP of Research Dr. Lawrence Yun who presents his annual report and predictions for the year ahead.

Americans near 50, not 30, are buying homes, Deutsche Bank says

The vision underpinning the American dream – of fresh-faced young people buying a first home with a white-picket fence – hasn’t held up well. It turns out that the median age of the U.S. home buyer is now 47, compared with 31 in 1981, Deutsche Bank chief economist Torsten Slok wrote in a note.