Here are my favorite meme's that help tell the story of what's going on in Real Estate after 6 weeks of Stay at Home orders in Summit County. #summitrealtorslive #BreckLiving
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Local Market Update
April 24, 2020
What's Happening in Breckenridge after 6 Weeks of Stay at Home Orders?
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Local Market Update
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Jan. 28, 2020
House-Buying Power at Near-Historic Levels
We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer …
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Local Market Update
Dec. 18, 2019
The Biggest Issue Facing Housing Next Year
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren’t enough homes on the market for buyers, especially on the lower end of …
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Local Market Update
May 23, 2019
What Investors should know about 1031 Exchange
A 1031 exchange is a fantastic real estate investing maneuver. Exchanges allow the deferment of capital gains tax, depreciation recapture tax, healthcare tax, and state tax on the sale of investment and business-use property. But, exactly how does a 1031 exchange work? These transactions are for business use or investment …
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Local Market Update
April 26, 2019
Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning …
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Local Market Update
April 26, 2019
April 2019 Summit County Real Estate Market Update
In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense that home values are beginning to stabilize and that we may see appreciation beginning to accelerate again.
The thinking that home appreciation has bottomed-out was confirmed …
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Local Market Update
April 26, 2019
Buyer Demand Surging as Spring Market Begins
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.
However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading …
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Local Market Update
March 14, 2019
Calling All Investors!!
CALLING ALL INVESTORS!
147 Shores Lane
This is an incredible opportunity for the already lowest priced riverfront Shores residence. Current contract holder will RELEASE $125,000 of her earnest money at closing for any buyer that assumes her contract! The $125k credit will reflect a $1,640,000 acquisition …
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Local Market Update
March 11, 2019
Why an Economic Slowdown Will NOT Crush Real Estate this Time
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:
“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in …
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Local Market Update
March 4, 2019
March 2019 Summit County Real Estate Market Update
Just like our clocks this past weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.
Many potential sellers believe that waiting until Spring is in their best …
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