Monthly Archives: April 2018
Why Home Prices Are Increasing
There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak... Read More
Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]
Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped ye... Read More
SOLD – 104 Kluge Ave – Jes Eckhart
Jes Eckhart, REALTOR® at CapRock Real Estate an amazing job as the Real Estate Broker for the sellers of 104 Kluge Ave in the Palisade, Colorado which sold on April 26, 2018. Jes marketed the property for sale as follows: “This Historic Charmer is located right on the corner of West 1st street and Kluge in... Read More
“Short of a war or stock market crash…”
This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases payments by roughly 13% or 14%... Read More
SOLD – 2615 Elm Ave – Lori Curtis
Lori Curtis, REALTOR® at CapRock Real Estate did fantastic work as a Real Estate Broker for the buyer of 2615 Elm Avenue in the Holton Estates neighborhood of Grand Junction, Colorado which sold on April 25, 2018. Lori brought about the closing of this sale in under 2 weeks from the time of publication! Read More
New Study Shows ‘Best States for Millennials’
A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota... Read More
Thinking of Selling Your Home? Why You Need A Pro in Your Corner
With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that... Read More
Buying a Home Is Cheaper Than Renting in the Majority of the US
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for... Read More
Buying a Home Is Cheaper Than Renting in the Majority of the US
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for... Read More
SOLD – 495 Tiara Rado Court – Lori Curtis
Lori Curtis, REALTOR® at CapRock Real Estate did a wonderful job as a Real Estate Broker bringing the buyer and seller together for the purchase of 495 Tiara Rado Court in the Redlands Area of Grand Junction, Colorado which sold on April 20, 2018. Lori marketed and sold this new construction listing for terrific local... Read More