In the first days of the COVID-19 pandemic, economists predicted that the market for goods and services would grind to a halt for months or even years to come. However, in reality, the real estate market, including both the selling of homes and the improvement of existing properties, has grown in strength over the intervening months. Even for homeowners who aren’t thinking about selling, home renovation projects are experiencing unprecedented interest and generating robust economic activity.
Finding a Home in a Low Inventory Market
One of the most common refrains that has come out of the very hot 2020 real estate market is the message that this is a perfect time to sell a home. Record low interest rates combined with a low inventory market and a shortened spring market means that demand is high and, in many areas, homes are selling for prices well above asking with multiple offers.
Top 7 Things You Need to Know Before House-hunting on Zillow
Just as Kleenex has become the name for any brand of facial tissue and “to Xerox” is used as a verb for making copies, Zillow is the first name in online home search with 196 million unique visitors last year. That’s about double the number that Realtor.com enjoyed during the same period, making Zillow the platform that, in many ways, drives the real estate industry.
Don’t Make These Common Home Buying Mistakes
Why the 20 Percent Down Payment Isn’t Always the Best Option
The 20 percent down payment on a conventional loan is one of those “everybody knows” items, as in “everybody knows you have to put 20 percent down.” In reality, however, there are a variety of down payment options available in the mortgage marketplace, and a 20 percent down payment may not be the best choice for your particular home purchase scenario. Find out what you need to know to determine the down payment amount that’s right for you and for your next home purchase.
"Does it Come With The House?"
Why Is Home Buying a Key Personal Investment?
How to Know When It’s Time to Move
If you’re on the fence of whether to move or not, it’s crucial that the entire family sits down and makes a list of pros and cons. But sometimes, even that’s not enough, and you can be left wondering whether or not it’s the right time to get the moving boxes ready. These are some reasons to keep in mind as you prepare to make this life-changing decision.
5 Vital Tips for First-Time Home Buyers
Buying your first home is equivalent to embarking on a grand adventure. Although extremely thrilling, learning the ins and outs of the process can often seem overwhelming. From determining a budget to obtaining a loan, there are numerous factors to take into consideration along the way. Keep these five tips in mind throughout the journey.
Denver Housing and the Coronavirus
While the financial markets continue to struggle with fears of the Coronavirus, real estate stayed strong in Metro Denver during the month of February. 5,122 new listings came on the market in February, up 5.56 percent from the month prior which saw a massive month-over-month increase. Home sales were up 3.16 percent in February so the month ended with only 4,835 active listings, down 2.15 percent from January and 19.64 percent year over year.