Real Estate News

The 411 on Denver real estate.

Real Estate Finance News Recap: November 2020

Here’s a quick digest of what happened in real estate finance last month:

+ 30-year mortgage rates have fallen to 2.72%, the lowest rate in the last 50 years. Average rates have been below 3% for 17 consecutive weeks.

 

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Denver Real Estate News Recap: November 2020

Here’s a quick digest of what happened in Denver real estate last month:

+ 30% of Denver homes sold for more than list price (more than 22% nationally), adding nearly $16K to the sale price on average.

+ Josh Gould, VP of Stantec believes there are 5 reasons Denver will be a post-pandemic winner.

+ A new Stay In Place Program has been created to help West Denver homeowners that are struggling to pay their mortgages.

+ Pitbulls are getting a new lease on life in Denver, after voters passed Ballot Measure 2J to repeal the more than 30-year-old breed specific ban.

+ Rental platforms are facing fines as Denver cracks down on unlicensed short-term rentals.

 

 

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U.S. Real Estate News Recap: November 2020

Here’s a quick digest of what happened in U.S. real estate last month:

+ Home prices across the U.S. are seeing the greatest gain in over six years.

+ A report from the National Association of Realtors found that the pandemic has increased the percent of homebuyers looking for a multi-generational home, that the average purchase price jumped from $270,000 to $339,400, and that a growing percentage of buyers are headed to the suburbs, while less are heading to small towns.

+ Curbed came up with a list of 21 of the easiest home projects to tackle while you’re hunkered down at home this winter, without buying anything new.

+ With the continued presence of COVID-19, outdoor kitchens are growing in popularity.

 

 

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U.S. Real Estate News Recap: October 2020

Here’s a quick digest of what happened in U.S. real estate last month:

+ COVID-19 hasn’t kept people from moving this year: permanent moves are up 1.94% and temporary moves are up 26.73% since 2019.

+ Families with school-aged kids are increasingly heading to the ‘burbs for larger homes and yards amidst the pandemic.

+ COVID has fundamentally transformed our relationship to home. Seven months in, find out how the pandemic is reshaping interior design priorities and trends.

+ Nationally, new homes are bigger than a decade ago, but new homes in Denver lost 197 square feet in that same period.

 

 

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Denver Real Estate News Recap: October 2020

Here’s a quick digest of what happened in Denver real estate last month:

+ Four Colorado cities are in the top five best places to live in the country according to U.S. News & World Report’s list of 150 best places to live in the U.S. in 2020-21.

+ Homes are selling nearly twice as fast compared to 2019. If you’re looking to buy now, be ready to act quickly!

+ Apartment rents in the Denver Metro area recovered in the third quarter after taking a hit in the early months of the pandemic.

+ Denver Restaurant Week is offering a surprise fall edition from November 13-22. Check out their lineup of dine-in and to-go options to help support one of the 150+ local restaurants participating.

+ Niche.com ranked the 25 best Denver neighborhoods for young professionals in 2020. They ranked the best neighborhoods for families, too.

+ Join us in supporting those affected by wildfires in Colorado by giving to these fundraisers.

 

 

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Real Estate Finance News Recap: October 2020

Here’s a quick digest of what happened in real estate finance last month:

+ Mortgage rates are holding steady at historic lows. Housing continues to propel growth and is helping to lift construction, manufacturing, and transportation industries that build new homes.

 

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Colorado Wildfire Relief

Monetary Donations

+ Denver7 Gives is a fund that passes 100% of contributions to the Denver area community. Select “Help Colorado Wildfire Victims” from the dropdown.

+ Donate to the 2020 Fires Relief Fund through the Community Foundation Boulder County to support individuals, families, and nonprofit organizations affected by the Cal-Wood and Lefthand Canyon Fires.

+ Give to the Grand County Wildfire Emergency Fund. 100% of donations go to support the needs of Grand County residents who have been evacuated, displaced, or have lost their homes during the Grand County Wildfires.

+ Donate to the Larimer County Fire Recovery Fund by United Way to help provide financial assistance to displaced families as they rebuild their lives in the wake of the Larimer County wildfires.

+ Donate directly to families and first responders affected by the East Troublesome Fire on GoFundMe.

Material Donations

+ Grand County Outbreak of Kindness is connecting volunteers and services with those who need them. Please check their Facebook page to see what items are needed and where they can be delivered.

+ Help pets in need by donating to Grand County Pet Pals. They can be reached at 970-887-2988 to find what their specific needs are at any given time. Financial donations can be made on their website.

Fundraisers

+ Buy a t-shirt from Wild Fire Tees, created by Colorado-based designers and marketers. 100% of the profits benefit wildfire victims.

+ Buy a t-shirt from Bonfire to support Colorado wildland firefighters and wildfire relief.

Real Estate Finance News Recap: September 2020

Here’s a quick digest of what happened in real estate finance last month:

+ Violating the 30/30/3 rule may find some homebuyers overextended, unless they consider a few ways to get around it.

+ The average 30-year mortgage rate hit an all-time low of 2.86 percent in September, according to data released by Freddie Mac.

 

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Denver Real Estate News Recap: September 2020

Here’s a quick digest of what happened in Denver real estate last month:

+ Increases in home prices around Denver are wiping out savings from lower mortgage rates. Expect bigger monthly payments on single-family homes compared to a year ago.

+ Home prices in around Denver have increased 7% since January (6% for condos) — and they’re selling 10 days faster compared to this time last year.

+ RiNo is getting a new look and feel to help tame traffic.

 

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U.S. Real Estate News Recap: September 2020

Here’s a quick digest of what happened in U.S. real estate last month:

+ The national median home price rose 11% since last year — the largest annual increase in over 6 years.

+ COVID-19 has caused lumber prices to skyrocket more than 160%. Home buyers can expect to add about $16,000 to the price of a new house.

+ The share of mortgages in forbearance decreases to 3.4 million homeowners — a drop of 6 basis points.

+ With 84% of parents considering a home education model for their kids, back to school is affecting home buying decisions.

+ Think an empty nest is looming? Think again. 52% of young Americans ages 18 to 29 are now living with at least one of their parents.

+ When COVID-19 changes education plans, here’s how to set up a homeschool space anywhere.


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