Redefy housing news 1.9.17
Happy New Year! This week in housing news you can use, the ARM makes a comeback, the market looks up, gaps challenge affordable housing and moving furniture makes small spaces bigger. Continue reading Wages, ARM Loans and Moving Furniture
Should I jump in because the rates have surged?
If you’re a home buyer, you may have noticed a spike in mortgage rates this week. It may have you thinking you need to buy sooner than later because rates are going to go up more. After the election’s surprising results, rates did take a slight upturn (from 3.57 percent to 3.94 percent). But, as the Associated Press (AP) reported, don’t get carried away because things will soon settle down. In fact, rates are pretty much where they were this time last year.
Continue reading Colorado real estate update 11-21-2016
Will the new administration cut mortgage interest deductions?
The new administration is working on plans to make tax changes. But, according to the Wall Street Journal, all of the proposed tax plans don’t include cutting mortgage interest deductions.
Continue reading Colorado real estate update 11-15-16
Will the election impact real estate?
It’s election week and you may be wondering how the results impact real estate. Home ownership is still a very popular goal for many Americans and neither party has stated any intent to do anything to prevent that. Continue reading Colorado real estate update 11-7-2016
As we end October, and head into the holiday season, you may be wondering if you should wait to sell your house (spring ,summer, etc.). Colorado market data shows that demand for homes continues to be greater than inventory, and plenty of people who couldn’t find a home in summer’s hot market are still open to buying. Look at the timeline of people who lost out in April or May on a deal and had to sign a six month lease; they are actively searching for a home. And they are serious buyers.
A recent study by the National Association of Realtors shows that millennials represent the largest home buying age group; with the majority of these current buyers having no kids or below-school-age children, they’re not bound by the school year. Retirees looking to downsize represent another large group of buyers; they’re also free of the school calendar. At Redefy, we’ve been able to sell homes faster than other brokerages, so there’s no need to wait until spring to sell.
Have a fun and safe trick-or-treat night,
— MJ McCarthy
General Manager, Redefy Real Estate Colorado Continue reading Colorado real estate update 10-31-16