There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial
The times, they are a-changing A summary of some statistics that we track monthly to give you the big picture. Here’s a look at May 2022: There were 3,652 active listings in May, an increase of 76% from the prior year prior. The average length of time listings were on the market was down to
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is this a housing market correction or crash? Here’s what you need to know. The pandemic housing market was record setting The housing market is moderating compared to the last two
A recession does not equal a housing crisis. A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. What is a
Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by
Reason #1 Imputed Rent We hear it all the time, especially now, “real estate is a good investment.” Buying a house is a good investment, just not in the way you think. It is easy to oversimplify and only think about the increase in home prices (called appreciation). For some markets, like Denver, where the
Patrick Finney of CJV Real Estate weighs in on Denver’s Real Estate stats for February: Well, what can we say about Denver home pricing and the market? We can say it is a consistent winner – for both buyers and sellers. Sellers can count on a very healthy sales price ANY time they decide to
Housing is something we all have an interest in. We all need a place to live. We can all relate to the monthly cost of a mortgage. And everyone loves to tour homes for sale (digitally or in person). If anything, the pandemic only underscored the importance of housing: “The median home was worth about
Patrick Finney of CJV Real Estate weighs in on Denver’s Real Estate stats for January 2022. For more information, contact one of our real estate professionals to help you attain your real estate goals!