The Principal Team

When sellers think about where to price their homes, there’s one factor they almost always overlook. We explain what it is and why it’s important in this week’s market update.

Home prices have fallen from their peak in April 2022, but are homes more affordable now than they were then? Let’s take a look at all the pieces of the affordability puzzle.

How many homeowners in Colorado have paid off their homes? And what does that mean for the metro Denver real estate market this snowy March?

We’re seeing more multiple-offer situations with our clients. For example, we recently submitted an offer for a buyer with at least twelve other offers. Another buyer was competing with at least five other offers. However, our experience may not reflect the entire local market. So, we decided to look at homes sold this week to

US News and World Report just came out with a report that says The Mile High City is the hottest housing market in the country. Let’s dive into their methodology and see why they think the market is hot here. Demand for Housing Data from the University of Michigan indicates that Denver-area residents are optimistic about

There’s been a lot of talk about investors and their ability to influence the real estate market, especially large institutional investors. There’s a concern that large investors will – and do – have an outsized influence on the costs of renting and purchasing homes.  Parcl Labs is an up-and-coming real estate data analysis firm, and

New listings are up Inventory is increasing as we head into 2024. In our update one year ago, we had just 570 new listings compared to 950 this past week.  We looked at eight metro-area counties – Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, and Weld – to determine how this year is starting compared to

The average rate for a 30-year fixed mortgage today is 6.62%. The last time we saw rates this low was in May. An increase in mortgage applications last week, when rates were higher than today, indicates these lower rates are beginning to bring buyers back into the market. According to the Mortgage Banker’s Association, applications were up

This past week, the number of sellers who reduced their asking price outnumbered the number of new homes on the market.