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
The Denver Market Shift That’s right. The market is finally decelerating, in major part to interest rates above 5% for the first time in years. Prices have gone so high. There is simply so much buyers can handle in terms of appreciation. In the last 2 years alone prices have gone up 40% here in
Clients of mine wanted to share their tale of a movers scam they were involved with in the hope that it prevents someone else from suffering the same misfortune. Read on… Our Moving Scam My family and I recently relocated to Colorado from the Washington, DC area. We had a tight budget and short timeframe
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to
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
The Denver Market update for March 2021 from the desk of Patrick Finney, owner/founder of CJV Real Estate. Per the usual in this Denver market, the numbers look great for Sellers and challenging for Buyers… An increase in Denver market inventory HOWEVER… a bright spot for Buyers in the Denver market – a 15.62% INCREASE
If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain