Archive for the ‘Foreclosure’ Category
Monday, May 20th, 2013
Foreclosures Down in Colorado
Time to Celebrate
May 16th the Colorado Division of Housing reported a 41 percent decrease in foreclosure filings in Colorado. There were 4,571 foreclosure filings the first quarter of 2013 across the state compared to 7,785 during the same time period last year. Actual foreclosures were down 30.5 percent from first quarter last year.
Wow.
Foreclosure filings differ from foreclosures. Foreclosure filings are the paperwork; actual sales happen over 100 days later. During this time, borrowers and lenders try to work towards an agreement to bypass foreclosure. This may involve options like short sale or re-financing.
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Foreclosures Down in Colorado
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Tags: Absorption Rate, buying, foreclosures, Selling, steamboat springs, steamboat springs real estate
Posted in Buyers, Foreclosure, Housing Market, real estate, Sellers, Steamboat Market Reports | No Comments »
Friday, March 22nd, 2013
Steamboat Springs and National Market Update – March 2013
National Home Prices:
National home prices are improving. Fiserv Case-Shiller projected March 4, 2013 that home prices across the nation will grow by 3.3 percent every year for the next 5 years. As we reported to you last month, 2012 was the first positive year for both home prices and home sales volume increases since the market crash. According to Case-Shiller, 2012 was as close to normal as we’ve seen since 1997!
Fiserv Case-Shiller Home Price Index measures the health of the housing market across the country. It tracks data from repeat-sales of residential homes from 20 metropolitan regions and nationally.
This chart from Standard & Poor/Case-Shiller shows the national home price trend. Overall, there was a 7.3% gain in the fourth quarter of 2012 compared to the same time 2011.
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Steamboat Springs and National Real Estate Market Update – March 2013
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Tags: Buyers, Case Shiller index, Case-Shiller, charlie dresen, foreclosures, interest rates, real estate, steamboat springs real estate
Posted in Buyers, Foreclosure, Housing Market, real estate, Sellers, Steamboat Market Reports | No Comments »
Thursday, January 31st, 2013
Steamboat Springs Market Report December 2012
As I’ve been saying for the last 8 months, the Steamboat Springs real estate market is continuing to improve. December 2012 was the best month of 2012. December 2011 was a good month. And December 2012 was even better. Steamboat Springs Market Report Dec 2012
$$$ Dollar volume increased a whopping 56% compared to December 2011 and the number of transactions decreased 4%.
For the year 2012 compared to 2011, the dollar volume increased 7.4% while the number of transactions decreased 15.8% (This shows me prices are on the rise)
For the 4th Quarter, new listings decreased 35.4% compared to 4th Quarter of 2011. (This shows supplies is decreasing)
As we all know, supply and demand drives real estate prices. The trend in Steamboat Springs and the country is indicating that the supply is decreasing and since people are buying homes, this demand translates to NOW might be a good time to BUY.
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Steamboat Springs Market Report December 2012
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Tags: buying, Market Report, Selling, steamboat springs, steamboat springs real estate
Posted in Buyers, Foreclosure, Housing Market, real estate, Sellers, Steamboat Market Reports | No Comments »
Thursday, November 29th, 2012
Steamboat’s Trailhead Lodge to Auction Remaining Condos December, 15th.
Over the last 3 months, the average 2-3 bedroom condo for sale at the Steamboat ski area was $356 per square foot. That makes the Trailhead Lodge Auction average price of $331 per square foot look like a great deal. Well, not only does it look like a great deal, but it actually is a great deal.
The remaining Wildhorse Meadows and Trailhead Lodge condos will go up for auction next month in Steamboat. A second and hopefully last auction for the remaining Luxury Condos at Trailhead Lodge in Wild Horse Meadows will take place December 15, 2012. It will be held in Steamboat Springs. The last auction, which was held back in May, was well received and now they are looking to sell the remaining units in the auction currently scheduled for next month.
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Steamboat’s Trailhead Lodge to Auction Remaining Condos Dec.15th.
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Tags: auction, condo, steamboat springs, trailhead lodge
Posted in Buyers, Foreclosure, Second Income Property, Sellers, Steamboat Skiing, Steamboat Springs Luxury, Uncategorized | No Comments »
Tuesday, November 20th, 2012
As a realtor, I rely on lenders a lot. One that I use is Steamboat is Kathryn Pedersen. And here’s some sage advice about buying foreclosures and short-sale from Kathryn.
“I am amazed everyday with the deals that buyers are getting on real estate in the Steamboat Springs market. The rates are at or below historic lows again, so not only are the prices right, but the resulting payments are also budget friendly. Today’s hot commodities are bank owned or short sale properties. Buying one of these properties presents a different set of challenges; here are a few tips and observations from my experience with lending on Steamboat foreclosures and short-sales.
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A Lender’s Perspective on Buying Foreclosures and Short-Sales
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Tags: first time buyers, foreclosures, mortgage, Short Sale, steamboat mortgage, Steamboat Spring
Posted in Foreclosure, Second Income Property | No Comments »
Friday, October 19th, 2012
Another Housing Boom On The Way?
New construction in Steamboat
From CNNMoney comes a very interesting and increasingly popular theory on the latest housing market recovery. In an article published by Chris Isidora at CNNMoney titled A New Housing Boom,the author states that some experts believe this emerging market recovery is not only for real this time, but will go from mild to extreme, reaching peak levels similar to our last housing boom by 2015.
Related: Housing Construction Grows By 15% in September
Signs of a solid recovery have been evident in the recent sustained increases in home prices, home sales and new home construction. Foreclosures are also down and the latest round of quantitative easing by the Federal Reserve has acted to push mortgage rates near record lows. And while many economists have predicted that this recovery will be mild, producing only minimally impressive results, there exists a growing number of experts and economists who have begun to predict another housing boom.
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Another Housing Boom On The Way?
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Tags: buying a home, housing boom, housing market recovery, Market Data, national real estate market health, selling a home, Steamboat Springs Colorado
Posted in Buyers, Foreclosure, Housing Market, Sellers, Uncategorized | No Comments »
Thursday, September 27th, 2012
Steamboat Springs Market Report August 2012
First snow in Steamboat
As the first snow came to Steamboat this week, so too did the Real Estate numbers. August was a mixed month for real estate in Steamboat Springs, Colorado with 138 transactions and $43.4 million in sales. Take a look at the Steamboat Springs Market Report for July 2012 for some additional comparisons. Year to date stats for dollar volume put us up by 4.27% and interval/fractional sales were also up, with 56 transactions occurring in August, but overall, year-to date transaction numbers were down by nearly 17%. Even with the mixed numbers, however, there were still quite a few bright spots in the August numbers.
Single family residential homes, specifically those in the $300K to 500K range, were the hottest items on the menu again in August. We’re even seeing multiple offer on some properties. With transaction numbers at 15 for this price range, sales in this area accounted for almost a quarter of the total transaction numbers for Residential Improved Units in August. Residential units priced at less than $200K were the next most sought after.
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Steamboat Springs Market Report August 2012 & Video
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Tags: august market report, Buying Real Estate in Steamboat Springs, real estate, real estate market recovery, Selling Real Estate in Steamboat Springs, steamboat real estate, steamboat springs
Posted in Buyers, Foreclosure, Sellers, Steamboat Market Reports, Uncategorized | No Comments »
Thursday, September 20th, 2012
Mortgage Rates Going Down
Mortgage Rates Fall To Record Lows Again
As I sat browsing the internet earlier today while drinking my morning coffee, I came across the latest bit of big news to hit the real estate market. In an article posted to CNNMoney’s website, Mortgage rates at record low, again, mortgage finance backer Freddie Mac’s weekly survey of mortgage rates showed the average 30-year fixed-rate mortgage fell to 3.49% from 3.55% the previous week. That matched the previous record low set in July. The fixed-rate 15-year mortgage also reached a new record low of 2.77%, down from 2.85% a week earlier.
The Federal Reserve’s decision that it would be buying $40 billion in mortgage-backed securities each month for the foreseeable future was the catalyst for the drop in mortgage rates, helping to bring lending costs down for both home buyers and current homeowners.
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Mortgage Rates Fall To Record Lows Again
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Tags: Buyers, housing market recovery, record mortgage rate lows, Refinancing, Sellers
Posted in Buyers, Foreclosure, Sellers, Uncategorized | No Comments »
Tuesday, August 28th, 2012
Thumbs Up!
Steamboat Springs Market Report July 2012
Last month was a pretty big deal for real estate in Steamboat Springs and the surrounding Routt County communities. Take a look at my Steamboat Springs June 2012 Market Report to get a better idea of what I’m talking about. Well, the July numbers are in, and while they are not quite as impressive as last month’s numbers, there was still a lot of positive activity which supports the continuing market improvement.
Although down from last month, dollar volume for July 2012 was up from July of 2011 by nearly 6%. Transaction numbers have followed the same trend, down from last month, but up an impressive 26.58% over July of 2011. Also up were the year to date numbers with July further supporting the trend in increasing gross volume with the year to date cumulative numbers up by about 6.3%.
Market Analysis Graph
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Steamboat Springs Market Report July 2012
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Tags: Buying a Home in Steamboat Springs, Case-Shiller, Continuing Local Market Recovery, Continuing National Market Recovery, July 2012 Market Trends, Selling a Home in Steamboat Springs, Steamboat Springs Market Report, steamboat springs real estate
Posted in Buyers, Foreclosure, Sellers, Steamboat Market Reports, Uncategorized | No Comments »
Tuesday, August 14th, 2012
Resort Town Real Estate 2nd Quarter Market Trends
The 2nd quarter has proven to be quite interesting for Routt County, Colorado, as well as several other mountain resort community counties around Colorado. If you read my June 2012 Market Report, you’ll remember that it contained some great news regarding all of the positive trends we’ve been seeing lately in resort town real estate, as well as the national market. After reading the 2nd Quarter Market Summary, it looks like some of those positive trends have been confirmed. You can take a look at the full report by clicking the link below.
2nd Quarter Resort Market Report
The 2nd Quarter Market Report contains information provided by the Aspen, Avon, Breckenridge, Dillon, Eagle, Frisco, Glenwood Springs, Vail, Winter Park and Steamboat Springs Land Title Guarantee Company offices. According to the numbers, both gross sales volume and the average price for a single family home increased in the 2nd Quarter by 6 percent or more in Routt County. Eagle County was the only other county to also see an increase in average single family home prices, however all counties but Pitkin and Summit saw an increase in gross sales volume.
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Resort Town Real Estate 2nd Quarter Market Trends
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Tags: Market Reports, Market Updates, Mountain Resort Real Estate, Real Estate Market Trends, Routt County Real Estate, steamboat springs real estate
Posted in Buyers, Foreclosure, Sellers, Steamboat Market Reports, Uncategorized | No Comments »
