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Many homebuyers to be priced out in 2022

Rising mortgage rates and last-year’s record-breaking runup in home prices are expected to price many would-be homebuyers out of the market this year, denting sales of existing homes but bringing home price appreciation back down to more sustainabl...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-25 10:41:55



Construction materials costs increases 19%, leading to dip in buyer confidence

Builder confidence kicked off 2022 with the first decline in four months as rising inflation and supply chain disruptions continue to complicate homebuilders’ jobs, according to the National Association of Homebuilders (NAHB) and the Wells Fargo Ho...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-24 09:43:08



4 states meet pre-pandemic job levels, with likely more on the way

Some places have traversed the long road to economic recovery more quickly than others, as Texas and Arizona join the ranks of states that have replaced the job losses they suffered since the beginning of the pandemic. That means four states have ...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-21 09:39:55



Wages increasing faster than rent in majority of counties

The 2022 rental affordability report released last week from Attom Data Solutions focused on the affordability of renting versus homeownership in counties across the United States. The report found that homeownership is cheaper than renting in the ma...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-20 09:34:23



Six entrance tweaks to boost your home’s value

You don’t get a second chance to make a first impression, and if you’re selling your home, the first impression buyers get is the appearance of your entrance. A few inexpensive changes can boost your curb appeal and value. Here are six tweaks to ...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-19 09:21:08



16133 Azalea Ave in Parker, CO 80134

Your beautiful 2019 Lennar “Adelaide” ranch model on one of the best lots that backs to open space awaits you! Step into an impressive entry with high coffered ceilings with crown molding and a lovely chandelier. This flowing floorplan has 4 Bedr...

Posted by: Kelley L. Wilson
Category: Listing
Date: 2022-01-19 02:53:25



Listings drop to lowest point since 2016 in latest metro denver real estate market report

New listings in the metro Denver area dropped to the lowest total since 2016 in the latest market report from the Denver Metro Association of Realtors (DMAR). As mortgage rates continue to be low, buyers could not find enough properties to purchase a...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-18 16:57:26



Mortgage rates reach highest point since early 2020

Rising mortgage rates are “closing the door” on opportunities for homeowners to refinance at lower rates, but demand for purchase loans remains steady, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Rate...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-17 16:48:45



The top 10 housing markets of 2022 for first-time buyers

First-time homebuyers have had a difficult time over the past few years, with inventory hitting some of its lowest lows as competition and prices have continue to increase. But with remote work now the new reality for millions of Americans, first-...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-14 16:43:45



Are first-time buyers driving the surging housing demand?

In the immediate aftermath of the housing crash of 2008, government tax credits helped propel first-time buyers to their greatest share of home sales in at least four decades. But when those credits expired, that share plummeted — and first-time...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-13 16:26:33



Top five cities in the world voted the best places to live

If you had to live somewhere other than in the United States, where would it be? The world is full of beautiful and exciting place to live, but when considering where to live, there ae a variety of factors to consider. Political stability, crime rate...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-12 09:35:16



Demand for vacation homes declines

Demand for vacation homes slipped modestly in December, but remained 77 percent above pre-pandemic levels prior to March 2020, according to a report released Thursday from Redfin. The December numbers were down from November 2021, which saw demand...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-11 08:27:53



Homeowner still cheaper than renting, except in biggest cities

Home ownership is a less expensive option than renting in a majority of U.S. housing markets, even as median home prices shoot through the roof, according to a new report. A report released Thursday from ATTOM Data Solutions found that owning a m...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-10 08:24:21



10 Factors creating a perfect storm in real estate inventory

No matter the source, the message is the same: We are experiencing a record-breaking lack of homes for sale. Since the trends being reported have been national in scope, I dove into our local county real estate database and went back 15 years. I disc...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-07 09:51:05



Rent control: does It make housing affordable?

Once upon a time, there was a quirky little parochial town called St. Paul, Minnesota — not to be confused with its twin, Minneapolis. (I also call it home.) The city of St. Paul plans on fixing the affordable housing crisis with a new rent control...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-01-06 11:30:12



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