Tag: Kelly Moye
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As rates dip below 6%, Denver agents see market come alive with multiple offers
When Mile Hi Modern agent Brandy Pfalmer’s clients put in an offer on a $1.025 million home in Denver’s Park Hill neighborhood last week, her clients added an extra $75,000 to sweeten the deal. But that wasn’t enough. Ultimately, Pfalmer’s buyers lost out to another party offering a cash transaction — one of many multiple-offer situations…
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Colorado housing market brighter than it looks, says national economist
Despite the unseasonal weather that’s thawing the early days of a new year, Colorado Realtors are still bundling up as they step into the market ahead. Median home prices are off from a year back, and sales aren’t appreciably better, according to the newest monthly data released Tuesday by the Colorado Association of Realtors. The…
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Looking past holidays, Denver area real estate agents feel a chilly spring
A new report about area home sales is adding weight to evidence that home prices have crested and are finally dropping around Denver, three years after mortgage rates soared and buyers turned sour on the market. Real estate agents are quick to welcome that falloff. And they’re noting that December typically sees sales freeze up…
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As market cools, Colorado home prices finally level out
Home prices in Colorado are finally behaving the way that market economics would predict they should, following two years of flat-to-declining real estate sales. They’ve leveled out. That’s according to the newest Market Trends report by the Colorado Association of Realtors. The report shows the median price of a single-family home in the state dropped…
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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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Interest rates, inflation trend during slow season in October Housing Report
Interest rates increasing alongside inflation are emphasizing the already slow fall season in home sales, according to the October 2022 Market Trends Housing Report from the Colorado Association of Realtors. In one month, new listings of single-family homes for the metro-Denver area decreased more than 25% and lowered 20% statewide. The market maintained a healthy…