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Top Searched Home Features

Realtor.com surveyed more than 1200 people who plan to buy a home in the next year at the end of March and early April. Realtor.com also analyzed the most frequent keywords searched on their website in the first 5 months of 2021. Here are the most important or desired features- · Quiet location at 28%…

Why Your Clients May Need to Sell Their Home

Since home sale prices have increased over $100k in the past year and prices are up about $400k in the last 10 years I had this thought. Should you sell your home now for tax purposes and savings? On your primary residence if you lived in your home for the last 2 years, your capital…

It’s 33% Easier to Buy a Home Now

I receive the Showings Chart every month from First Alliance Title and June’s chart really stood out to me. This year on average over 20 buyers looked at a home before it went under contract in January through April. In April the average home received 21 showings and last month it was down to 14.…

Less Danger of Foreclosure

The number of people in forbearance dropped 4% at the end of June to 1.9 million homeowners in forbearance. This number has been declining for 18 consecutive weeks and is expected to drop more in July. And 25% of people leaving forbearance have been making their mortgage payments on-time while in forbearance. This is a…

Common-Sense Solutions to Our Housing Crisis

Last Wednesday Vincent Carroll in The Denver Post wrote a great opinion piece titled, “The Common Sense, Unpopular Ways to Ease Colorado’s Housing Crisis.” Vincent wrote his column after the release of a new study by the Common Sense Institute with solutions to our affordable housing crisis. Vincent also referred often to a study from…

Why Inflation is Not Transitory

One of my favorite national economists is Brian Wesbury, chief economist for First Trust Portfolios, and in this video he explains that the Fed has increased our money supply by 30% since February 2020 and that prices must and will increase by 30% over time, whether it be 2 years, 4 years or as long…

This Could Cause 2021 to Repeat Next Year

Many top economists believe the Fed will announce at their Jackson Hole Conference August 26th-28th that they will begin reducing their purchases of mortgage bonds later in the year. This announcement will most likely lead to higher mortgage rates at this time. What does this mean for us? Don’t’ expect mortgage rates to go any…

Disagreement at the Fed Over Tapering

The Fed’s Meeting Minutes were released last week and they showed some disagreement between Fed members over the process or timing of tapering as some members thought it was appropriate to taper their purchases of both mortgage bonds and Treasuries, while other members thought they should only reduce their purchases of mortgage bonds. Further their…

2 Top Experts Predict Lower Inflation and Lower Rates

This RE Trend is Sweeping Across America

Ivy Zelman, one of the top housing experts in the country, recently spoke about this RE trend that has DOUBLED from 2018 to 2020. It’s Build-For-Rent in which home builders build homes specifically to be rented out. Nationally Build-For-Rent had a 4.5% market share last year; but in the Carolinas, Arizona, Texas, and Florida over…

Another Fed Member in Favor of Higher Mortgage Rates

A second Fed voting member, Chris Walter, last week said that the housing market is on fire and doesn’t need any unnecessary support from the Fed with lower mortgage rates and he would be in favor of reducing their purchases of mortgage bonds this year. This is a sign that mortgage rates will be increasing…

Solutions for Our Affordable Housing Crisis

Aldo Svaldi wrote a story on this topic last Saturday in The Denver Post based on a new white paper from the Common Sense Institute. CSI interviewed 40 housing experts across CO on how to address Colorado’s housing shortages, what is working and what is not working, and what they would do to fix the…