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Amount of borrowers securing mortgages for second homes increased 128%

The housing market has seen a surge of interest in second homes as, early last year, concerns over the spread of COVID-19 began shutting down the U.S., spurring a migration of Americans from crowded, closed-down cities to the suburbs or even more rur...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-04-12 13:12:25



Mortgage interest rates decrease for first time in 2 months

Mortgage interest rates dropped for the first time after nearly two months of upward momentum, giving some borrowers who haven’t yet done so the opportunity to refinance. The average 30-year fixed rate mortgage dropped to 3.13 percent for the w...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-04-09 10:17:32



MBA: New forbearance requests drop to lowest level since March 2020

New mortgage forbearance requests dropped to their lowest level since March 2020, according to the latest data from the Mortgage Bankers Association. Total weekly forbearance requests as a percent of servicing portfolio volume decreased relative ...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-04-08 09:32:05



Home prices increased 10.4% in February 2021 from the previous year

Competition is fierce and home prices are soaring, hitting their highest level of growth in 15 years, according to the latest CoreLogic Home Price Index report. Home prices continued to increase in February, reaching the highest annual gain since...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-04-07 11:07:47



Hopes of housing shortage relief diminish as new listings drop

The real estate market has continued to surge throughout the pandemic, but is now booming even more as COVID fears reside but low interest rates remain. But hopes of a wave of new housing inventory has been dashed, for now. According to the lates...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-04-06 09:26:54



Percentage of homeowners unable to pay mortgage hits new low

The share of mortgages in forbearance dropped below 5 percent in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. As of...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-04-05 11:47:12



Higher than it has ever been: The median listing price for US homes hit $370,000 in March

An abysmal lack of homes for sale is colliding with the spring buying market, creating mind-boggling bidding wars and, according to a new report, home prices that have literally never been higher. The report comes from realtor.com and shows that t...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-04-02 09:49:26



18 important move-out tasks for every seller's checklist

With so many sellers negotiating to stay in their homes well past closing these days, the buyer walkthrough might happen before closing, and it might also occur before or after the seller has moved out. Given that inspections might occur a few mon...

Posted by: RE/MAX Masters Millennium
Category: For Sellers
Date: 2021-04-01 10:18:01



Pending home sales declined 10.6%

Pending-home sales declined 10.6 percent in February from the previous month to a Pending Home Sales Index (PHSI) of 110.3, according to data released by the National Association of Realtors (NAR) on Wednesday. An index of 100 represents the level of...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-03-31 09:34:29



Suburban and rural rents grew 5 to 7 percent more than urban rents over the last year

In response to the pandemic, many city-dwellers fled to the suburbs or rural areas for more space and fresh air. That preference away from urban areas has led to a split in urban and suburban/rural renting trends, with suburban and rural rent growth ...

Posted by: RE/MAX Masters Millennium
Category: For Renters
Date: 2021-03-30 14:33:19



5 Mortgage strategies for the self-employed during the pandemic

To millions of Americans, trading a nine-to-five paycheck for a home office deduction and a business of their own is today’s definition of the American dream. The greatest percentage of American adults in 60 years, one out of eight are self-employe...

Posted by: RE/MAX Masters Millennium
Category: For Buyers
Date: 2021-03-29 10:15:50



March Real Estate Update for Denver Metro Area

The March Denver Metro Real Estate Market Update and market final figures for February shows listings DOWN 69.7% from February 2020. Think about that - listings are down 70%. This lack of homes for sale (3,724)) is creating bidding wars again. ...

Posted by: Vickie Hall
Category: Market Trend
Date: 2021-03-27 11:49:36



2021 Real Estate Myths

Here are 5 common misconceptions about today's competitive real estate market....

Posted by: Vickie Hall
Category: Real Estate
Date: 2021-03-27 01:25:36



10 consumer tech products to watch in 2021

Often referred to as “the most influential tech event in the world,” the annual Consumer Electronics Show (CES) offers its attendees a glimpse into the year’s most innovative products and technologies. The trade show was held digitally this ...

Posted by: RE/MAX Masters Millennium
Category: Product
Date: 2021-03-26 10:04:30



Home sales plummet due to elevating Rates and low inventory

According to data released Monday from the National Association of Realtors, existing-home sales were down 6.6% from January to February Existing-home sales dropped 6.6 percent from January to February, as inventory remains at historic lows, price...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-03-25 14:45:22



Don’t let critters damage Your landscape, lawn, and gardens: part II

In Part I of this blog, we reviewed some measures that homeowners can take to keep coyotes and foxes from sitting up shop in your yard and the subsequent damage and problems they can cause. But there are many other critters that may need to be contro...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-03-24 10:46:10



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