Category: In the News

Home Owners: Careful, Savvy and Happy



September 15, 201090 percent of new home owners are happy with their home purchase, according to a poll by Bankrate.com.  It is refreshing, to hear that the overwhelming majority of people are still happy to be home owners. According to the "Social Benefits of Stable Housing” paper released by the National Association of Realtors, there are many reasons that home owners are happy about their recent home...

In the News: Pending Home Sales Rise



September 7, 2010The Good News: The Pending Home Sales Index rose from 75.5 in June to 79.4 in July, a rise of 5.2 percent.  The good news is: this is the first rise since April 30th, when the New Home Buyer Tax Credit deadline expired and the market saw a decline in transactions. Other good news for buyers?  Low mortgage rates make homes more affordable.  Also, according to Lawrence Yun, the chief economist...

How is “The Market?”



August 31, 2010I have been reading a lot of conflicting news about the housing market.  Some experts are hopeful, others are not.  Can we still draw some useful conclusions?  What conclusions, about the home market can we draw from the experts? 1) The status of the home market is… local. It could be sunny and seventy  in Denver while it is the storm of the century in the mountains.  (Though,...

Colorado Home Loans Have Gone On Sale, Part Two



August 19, 2010One of our exclusive buyer agent's also created another interesting chart showing a different perspective on what dropping interest rates mean for home owners’.  How much of a loan can you get for $2,000 per month?  In other words, for $2,000 a month, for 30 years, what can you buy? Your monthly mortgage payment is made up of principal and interest.  If the interest portion goes way down,...