Monthly Archives: April 2019
What Would Make You Sell Your House?
There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53).... Read More
SOLD – 657 Lela Place – Eric Johnson
Eric Johnson, REALTOR® at CapRock Real Estate, did a great job as the Real Estate Broker representing the seller of 657 Lela Place in the Princess Park subdivision located in the North East area of Grand Junction, Colorado. Eric brought this listing transaction to closing on April 26, 2019. Eric marketed the property as follows:... Read More
How Quickly Can You Save Your Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from HUD, Census and... Read More
SOLD – 203 Red Mesa Heights Road – Sheila Young
Sheila Young, REALTOR® at CapRock Real Estate, did an excellent job as the Real Estate Broker for the buyer in the sale of 203 Red Mesa Heights Rd in the Redlands area of Grand Junction, Colorado. Sheila sold this home on March 26, 2019. Read More
SOLD – 498 Tiara Rado Court – Lori Curtis
Lori Curtis, REALTOR® with CapRock Real Estate, did a superb job as the Real Estate Broker for the seller of 498 Tiara Rado Court in the Vistas @ Tiara Rado subdivision located in the Redlands area of Grand Junction, Colorado. Lori sold this home on April 12, 2019. Lori marketed the home as follows: “Views,... Read More
Existing Home Sales Slow to Start Spring [INFOGRAPHIC]
Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home prices were up 3.8% over ... Read More
Renters Paying Substantially More While Owning Costs Less
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting... Read More
New Study Reveals One Surprising Reason for the Inventory Shortage
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While... Read More
With Inventory Low: Will Your Dream Home Need Some TLC?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief... Read More
Selling Your House: Here’s Why You Need A Pro In Your Corner!
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize... Read More