Denver Inventory Way Down for December - 02/29/12 07:31 PM
Active listings in the Denver Metro area were down by over 40% in December 2011, from the previous December.  See the report below from the Denver Metrolist.  That to me would indicate that the sellers may have more leverage than they did previously.  Could it be that it was just the time of year with the holidays and all?  Probably not, since December in the previous year was also "that time of year" right?; obviously :), so that really shouldn't matter.  What would make more sense is that perhaps many homeowners have decided to hold onto their homes, if at all … (3 comments)

NAR Releases Monthly Housing Data for Jan. 2012 - 02/29/12 07:30 PM
NAR publishes a very nice report on many of the major cities throughout the U.S.  Here is just a sampling of some of those cities:
For a complete report from NAR (National Association of Realtors) showing all the major U.S. cities click here.
This report indicates some areas are looking better than others.  Median rices still remain much higher on the West Coast in the L.A. area, although it is down by over 5%; no surprise there.  Chicago looks like it still has a long ways to go with median prices down 11%; ouch!!  Total listings are still way down;  we … (3 comments)

New National Assn. of Realtors Statistics - 02/24/12 07:51 PM
The latest statistics from NAR (National Association of Realtors) below, shows trends for the different sections of the United States and now indicates that the highest median price for a property is in the Northeastern states, with the West Coast coming in a close second.  The Midwest shows the least expensive median price.  
Looking at the supply of homes can be a good indicator of whether or not it is technically a buyer's market or a seller's market.  This is also known as the absorption rate.  If there is a 6 month supply of homes for sale, that is usually … (6 comments)

Go Through Foreclosure? You Could be Owed Money!! - 02/15/12 10:35 PM
Did you know that you could be owed money, because your home went through the foreclosure process?  It's true!  If your home sold for more at the foreclosure sale than what you owed on your home when it went into foreclosure, you may be owed some money by the county.  Check out the county website in the county in which your home was located.  Most counties give information on their website about the homes that were sold through foreclosure and for what price they were sold.  There may be other costs, such as attorney fees, that the county had to pay, … (2 comments)

Aurora CO First Time Homebuyer Program - 02/07/12 02:24 AM
There is still a program out there for First Time Homebuyers, if you live in the city of Aurora, CO.  You can receive up to $10,000 interest free that you can use toward your down payment and without payments.  For all the details of this Aurora First Time Homebuyer Program check out this link. It will give you all the details and may be just what you are looking for to give you that ability to purchase your first home.
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