Tag Archives for " Mortgage "

Why are Existing Home Sales Down?

The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning to rise. This begs […]

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Housing Market: Another Gigantic Difference Between 2008 and 2018

Northern Colorado Housing Market - The Eusea Team

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. The same has been said about the Northern Colorado housing market.  […]

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How Long Do Most Families Live in a House?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. The average length of homeownership is changing. As the graph […]

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Getting Pre-Approved Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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Buyer Demand Still Outpacing the Supply of Homes for Sale

Real Estate Northern Colorado - The Eusea Team

The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. This study also looked at the Northern Colorado real estate market.  Their latest edition sheds […]

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Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

Rising Interest Rates

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year and how they could affect Northern Colorado home values.  Many believe that an increase in mortgage rates will cause a […]

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