by Jon Terry | Apr 17, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, Statistics, The Economy
The strength of the market showed itself yet again in March. The average days on the market plunged in March — a 35 percent decrease from March 2012. However, the average sold price statistic, $295,330, gives us the real story of the state of the housing market. This...
by Jon Terry | Apr 8, 2013 | Buying A Home, Colorado Living, Housing Analysis, Selling a Home, The Economy
A market runs on the principle of supply and demand, and the demand this year is slowly increasing. Average sale prices are up and this trend is expected to continue throughout the summer. Right now, everyone acknowledges that inventory is low and demand is high. Look...
by Jon Terry | Apr 2, 2012 | Blog, Buying A Home, Foreclosure, Housing Analysis, Residential Real Estate, Short Sale
After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February of 2012, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national...
by Jon Terry | Mar 30, 2012 | Blog, Buying A Home, Housing Analysis, Mortgage Rates, Mortgages, Residential Real Estate, Statistics
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It’s good news for home buyers and mortgage rate shoppers because, with lower mortgage rates, we can lower the amount of mortgage payments. According to Freddie Mac’s weekly...
by Jon Terry | Feb 8, 2012 | Blog, Buying A Home, Housing Analysis
New Home Sales slowed into the New Year but the market for newly-built homes remains strong. For home buyers in Colorado and nationwide, December’s New Home Sales report is yet one more signal that the housing market recovery may be underway. According to the...
