Real Estate News: August 2020

Real Estate News: August 2020

Looking for a quick digest of what’s happening in real estate right now? We’ve got you covered:

National News

+ Think it’s cheaper in the ‘burbs? New interest from city dwellers is raising home prices in rural areas.

+ Looking for additional income or a place for family to stay long-term? COVID sparks renewed interest in ADUs.

+ Real estate markets defy the norms as homes are selling unseasonably fast.

+ Airbnb CEO Brian Chesky thinks international travel will never be the same. How have domestic vacation rentals fared?

+ Covid is reshaping what buyers prioritize in their home search. Here are 6 things buyers are now looking for in their next place.

Local News

+ Love hitting the trails? These are the 10 best neighborhoods for hiking enthusiasts.

+ Homes are selling in half the time for 15% more than they were at this time last year.

+ Denver is continuing to decline in housing affordability, but it could be worse.

+ How creating a safer, people-oriented space has helped Larimer Square get back on its feet.

Financial News

+ Mortgage rates are beginning to inch up as housing demand continues to accelerate.

+ Outcry from industry groups and lawmakers push Fannie and Freddie to delay the mortgage refinance surcharge until December 1st.

 

Have questions about what’s happening in real estate in your neighborhood? Let’s chat!

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