Selling Residential Real Estate in Metropolitan Denver
Standard & Poors released its Case-Shiller Index Wednesday. The report shows that, on a seasonally-adjusted basis, between December and January, home prices rose in more than half of the index’s tracked markets. The strength of this month’s Case-Shiller report, however, should be put in context.
Starting Monday, April 5, 2010, getting an FHA mortgage will be more expensive. That means you’ll want to give a full mortgage application before the weekend so your lender can register your loan in time for the deadline.
Like cookware, you often get what you pay for with respect to baking products and, at $35 from Amazon.com, the Baker’s Edge Nonstick Brownie Edge Pan may be worth every penny.
The price change analysis provides a look at home and condo sales based on sold price per square foot. The 2010 Denver home market is improving over 2009, as evidenced by the yellow line.
Sale prices are increasing in the Metro Denver area, as evidenced by this graph. This graph provides evidence that the median price is also rising, but is closley associated with the average price. Higher priced condo sales are still sluggish.
Home values fell again in January, according to the Federal Home Finance Agency’s Home Price Index. Values were reported down 0.6 percent, on average. But it’s hardly helpful information for buyers and sellers.
If you’re among the Americans expecting a tax refund this year, this 4-minute piece from NBC’s The Today Show may be helpful. It’s a talk about how to receive a refund and what to do with it.
As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. But it may not last long.
CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets. Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of 2010′s home appreciation list and Hanford, California at its bottom.
In some households, Spring Cleaning is best tackled in a single weekend filled with rubber gloves, ratty clothes, and sweat. In other homes, it’s a less serious undertaking. Either way, to clean a home from top-to-bottom, you need to have a plan.
If you’re trying to gauge whether rates will be rising or falling, one keyword for which to listen is “inflation”. Mortgage rates are highly responsive to inflation.
Single-family Housing Starts idled last month, dropping just 3,000 units from the month prior, or 0.2%. According to the Commerce Department’s report, February marked the 8th straight month in which Housing Starts straddled the half-million marker, dating back to June 2009.
The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote “no change” again today.
Home maintenance is an ongoing project. There’s always something to do around the house, or something to fix. The problem is, you may not have the time, or the skills, to get it done yourself. In this 4-minute piece from The Today Show on NBC, you’ll see some projects are quite simple.
The average days it takes to sell a home in Denver remains low in comparison to the previous 3 years. Although home sales in the upper price ranges are slow, the prices under $300,000 are selling briskly. At least for now, the Denver real estate market is as healthy as it has been since 2007. [...]
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