The 30-year fixed-rate mortgage (FRM) averaged 2.86 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates have hit another record low due to a late-summer slowdown in the economic recovery,” said Sam Khater, Freddie Mac’s Chief Economist. “These low rates have ignited robust purchase demand activity, which is up […]
Interest Rates Parker Colorado Lowest Since 1971 Read More »
Homebuyers are on the prowl with low-interest rates hovering around 3%. One of the biggest surprises of 2020 is the resilience of the residential real estate market and homebuyers. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that will sell this year than last year. He’s also predicting home sales to increase by 8-12%
Homebuyers Numbers UP In Strong Parker CO Market Read More »
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the
Home Buyer Demand Exceeds Last Year Read More »
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow: “In 2020, homes went from the
Reasons Why People Are Moving To Parker CO Read More »
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season.
Homebuyer’s Tips To Win A Bidding War Read More »
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re
Essential! Pre-Approval in the Homebuying Process? Read More »
Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons
Buy New Construction or an Existing Home? Read More »
WASHINGTON, Aug. 21, 2020 /PRNewswire/ — Existing-home sales continued on a strong, upward trajectory in July, marking two consecutive months of significant sales gains, according to the National Association of RealtorsÒ. Each of the four major regions attained double-digit, month-over-month increases, while the Northeast was the only region to show a year-over-year decline. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions
Home Sales Continue Record Pace, Soar 24.7% in July Read More »
The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real
Just How Strong Is the Housing Recovery? Read More »
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall homebuyer
Home Purchaser Demand Remains Strong Read More »
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