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Cybercriminals targeting home buyers
Cybercriminals targeting home buyers and sellers nationwide. Tips on how to protect yourself. This past February, a Colorado seller lost over $80,000 from the sale of their property to one of these scams. How do the scams work? Often the computer hackers monitor email exchanges between the parties of a real estate transaction and gain specific…
Read MoreInvestors to react
Tensions between the United States and North Korea heightened this week, causing investors to react and move dollars into the less-risky Bond markets. Stock markets plunged as a result. Meanwhile, inflationary pressures here at home were anything but tense. Wholesale inflation in July was tame. The Producer Price Index (PPI) and Core PPI, which excludes…
Read MoreWire Fraud
*Always confirm your account number with your closer and Realtor at closing when using a wire.
Read MoreThe Top Cities for Out-of-Town Home Buyers
In the first quarter of 2017, nearly one in five home buyers focused their online searches on properties outside of their current metro area, according to an analysis by Redfin of nearly 1 million users searching for homes across 75 metro areas. Read more: Expert Tips for Upping Your Relocation Game There are not enough “budget-friendly housing”…
Read MoreReal Estate Highlights
Highlights for March 2017 SFD sales: up 12.1% from LY (3,187 units) Average Sold price for SFD: up 8.2% from LY ($467,730) Days on market for SFD: 29.6 for March Active Listings for SFD: up 1.4% from LY (3,760 units) Highlights for 1st Quarter 2017 SFD sales: up 7.8% from 1st Quarter 2016 (7,403 units) Average Sold price for SFD: up 7.7% from…
Read MoreHousing News
Existing home sales surged to a 10-year high in January. Demand remains strong as buyers shrug off increasing prices and higher mortgage rates. A survey of 30 analysts by Reuters predicts home prices will rise at almost double the current rate of underlying inflation and wages over the next few years. Small investors buying homes…
Read MoreBond Prices and Interest Rates
The week is loaded with headline reports. Which ones will land above the fold and move markets? Pending Home Sales will be delivered Monday. Manufacturing data releases start on Monday with Durable Goods Orders. The Chicago PMI will be released Tuesday, followed by the ISM Index Wednesday. The second estimate for first quarter Gross Domestic Product will be watched by investors as well…
Read MorePositive Momentum for Denver’s Housing Market
According to the latest data from REcolorado, the provider of REcolorado.com, the most popular, locally run home search site for Colorado home buyers, sellers and renters, the Denver Metro Area housing market carried its positive momentum into 2017 with single family home sales and prices both rising in January. According to REcolorado market statistics for the…
Read MoreHow Successful People Read More Books
A single good idea from just one book can quickly transform your business or personal life. So why don’t more of us read more? The explanations are as unique as the people making them. You can get more reading done and make fewer excuses armed with these five tips: Carve out time. According to a 2015…
Read MoreMortgage Bonds were knocked down
Mortgage Bonds were knocked down in the latter part of January, rallied as February picked up steam, and then dropped again. Mortgage Backed Securities, the type of Bond to which home loan rates are tied, worsened after a five-day rally. These Bonds have not been able to break above the resistance level set in November…
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