Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.
Read MoreThere’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.
Read MoreAs a buyer, being able to lock in a low mortgage rate is ideal. As the Federal Reserve takes a cautious stance with interest rates, it’s safe to assume that the current low rates will not change any time soon. However, receiving a low mortgage rate is only the first step in the home buying process. With demand heavily outweighing supply, competition with other buyers will test your savviness. Here are a few suggestions that can help you make the best offer in the current housing market.
Read MoreDon’t let the myth of the 20% down payment halt your homebuying process before it begins.
Read MoreHomeownership is a major step in one’s life, making sure that now’s the time for you is important. If you’re serious about transitioning from renting to owning we’ve compiled a list of criteria that may reaffirm your decision.
Read MoreFive reasons today’s housing market is anything but normal.
Read MoreBefore you decide whether you’re ready to buy a home, you should know how to answer three questions.
Read MoreIt’s a tough market to be a Buyer. Historically low inventory, lots of competition, multiple offer situations that go tens (if not hundreds) of thousands of dollars over asking price. But there are many things you can do to set yourself up correctly from the start and make the process far less stressful for you and everyone else.
Read MoreAcross the country and especially here on the Front Range of Colorado, it’s a sellers’ market. Prices are going up, inventory is low, bidding wars are common, and it feels harder and harder to buy a home. One factor impacting homebuying in this sellers’ market is an appraisal gap.
Read MoreEstablishing credit and building a strong credit history are essential for any small business owner interested in growing their business. Whether you need something as commonplace as a business credit card or as significant as a loan or line of credit, you’ll have to demonstrate your financial responsibility to a lender.
Read MoreYes we are in a seller’s market. But just because it’s a good time to sell, doesn’t mean that it’s not also a good time to buy. Here are some of the concerns buyers have right now and why this still might be the best time for them to buy a home.
Read MoreWhen it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too.
Read MoreWhen you’re self-employed and buying a home, there are special considerations to keep in mind when applying for a mortgage. In addition to standard requirements, the impact of the COVID-19 pandemic has changed underwriting requirements. More documentation is necessary to show the stability of any self-employed business income used to qualify. If you prepare correctly, the process shouldn’t feel overwhelming.
Read MoreThis year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces.
Read MoreIf you are thinking about buying a home in Boulder or Denver Colorado, you may wonder if buying a home is still affordable. Today on the blog we show you that due to several factors, buying a home is still affordable and this is true for real estate in Boulder and Denver as well.
Read MoreHome price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.
Read MoreBuying a house is one of the biggest purchases you’ll ever make, so you want to feel nothing less than great about your choice. Figuring out your budget and getting preapproved for a home loan is the opening act. Once the financing is squared away, how do you find a house that’s the best match for you, and what are the steps involved in buying it?
Read MoreJennifer Fly, Realtor and Vice President of Colorado Landmark, Realtors in Boulder, Colorado presented to attendees at the Leading Real Estate Companies of the World and Luxury Portfolio International Conference at the Wynn Las Vegas on May 24, 2021. The topic was How to Prepare Buyers to Get the Home.
Read MoreThe financial benefits make it clear that doing so now is much more advantageous than waiting until next year.
Read More“The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the decrease in supply of entry-level single-family homes or, ’starter homes.’”
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