Tag: Colorado Association Of Realtors
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Colorado Realtors have low expectations as Fed is set to meet
While the Federal Reserve prepares for a long-anticipated meeting next week that will likely cut the federal lending rate, Colorado real estate agents are putting a damper on any hopes for coming improvements in the state’s housing market. “I can’t even buy a showing on my listings right now,” Compass agent Kelly Moye recalls a…
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Statewide housing report shows swelling inventory, but prices still hold
Real estate markets around the state are reporting what’s becoming a familiar pattern this year: the supply of homes on the market keeps increasing, but without any enthusiasm from homebuyers aimed at absorbing all of that inventory. And despite the added stock of homes available, prices are holding close to their previous levels, according to…
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Colorado housing inches toward a buyer’s market
Homeowners around the state seem to be tiring of waiting for a better real estate market and are serving up their houses for sale, despite little evidence that buyers have much appetite yet, according to a new report by the Colorado Association of Realtors. CAR’s Market Trends report issued Wednesday shows 22,601 single-family homes for…
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Denver mayor defends strategy, insists ‘success’ mirrors Houston
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Despite the increase in homelessness in the city, Denver Mayor Mike Johnston’s administration defended its strategy and insisted that its “success” mirrors cities like Houston, Texas. A mayor’s spokesperson insisted that Denver saw one of the largest reductions in “unsheltered” homelessness nationwide, and its…
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Metro Denver real estate agents strive to interpret NAR settlement
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Spring typically marks high tide for the residential real estate market, according to Colorado agents. And this spring — with a low inventory of homes available to meet buyer demand — is no exception. Right now, brokers working that market are experiencing some added anxiety as they struggle to interpret a $418 million settlement by the…
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Despite higher mortgage rates, Colorado housing prices inch upward
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save On a day after the Federal Reserve in Washington signaled that it may raise interest rates again in coming months to cool inflation, Realtors in Denver are wondering whether rate hikes are having the opposite effect — discouraging sellers from listing their homes and driving up…
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As spring arrives, Colorado Realtors sense a chill in the market
Exactly a year after rising mortgage rates began tempering the wild real estate market that raged during the pandemic, Colorado Realtors are feeling some slack in sales this spring — generally the most robust part of their calendar year. That lukewarm market shows in the modest number of new single-family listings that were put online…
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Is Colorado’s housing market over the peak?
The sudden rise in mortgage rates has homebuyers and potential sellers asking their real estate agents whether Colorado’s red-hot market is cooling off. And while agents aren’t seeing anything dire on the horizon, they do perceive things have changed, and that the peak of the market may have passed. “I think we hit a peak…
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Denver’s real estate market soars, driven by low inventory, report says
Real estate agents and homebuilders are raising their eyebrows at the latest home inventory figures coming from Denver-area neighborhoods, as a shrinking supply of available homes continues to drive dramatic increases in prices. “The market came back with a vengeance in the new year,” said Matt Leprino, spokesman for the Colorado Association of Realtors, which…