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Something Big is Happening in the Housing Market

May 13, 2022 By Claire Garlick Leave a Comment

Image Source: Zillow

The most competitive housing market ever is finally showing signs of breaking.

As data trickles in for April, it’s becoming clear that the historically hot housing market has flipped trajectories. It’s now in cooling mode. The number of homes listed for sale is rising again. Fewer shoppers are scheduling tours. And Redfin reports 15% of home sellers in April cut their asking price—up from 9% a year ago.

The red-hot housing market’s days are numbered. While I don’t anticipate a collapse á la the Great Recession, rising mortgage rates and inventory are sure to cool what has been an unprecedented time for the U.S. housing market,” says Ralph McLaughlin, chief economist at Kukun, a real estate data and analytics company.

This softening is by design. The Federal Reserve is done watching inflation run away, and has made it a priority to cool down one of its biggest drivers: the housing market. To do so, over the past few months, the Fed has put upward pressure on mortgage rates. In December, the average 30-year fixed mortgage rate sat at 3.11%. As of last week, that rate is up to 5.27%—its highest level since 2009.

[Read more…]

Filed Under: Buyers, Finance, First Time Home Buyers, Housing Market Update, Infographic, Interest Rates, Luxury Buyers, Millennials, Move-Up Buyers, Rent vs. Buy, Sellers Tagged With: Colorado Real Estate, Finance, First Time Home Buyers, For Buyers, For Sellers, Housing Market Update

Do You Know How Much Equity You Have in Your Home [INFOGRAPHIC]?

April 22, 2022 By Claire Garlick Leave a Comment

Infographic Source: KCM Blog

 

Some Highlights

  • If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity.
  • Your equity grows as you pay down your loan and as your home increases in value.
  • Over the past year, the average homeowner’s equity grew by $55,300.

 

Ready to sell? Get in touch today to talk about how you can use that equity to fuel your next move!

 

Article source: https://www.keepingcurrentmatters.com/2022/04/08/do-you-know-how-much-equity-you-have-in-your-home-infographic/.

Filed Under: Infographic, Real Estate Tips, Rent vs. Buy, Sellers Tagged With: Colorado Real Estate, For Sellers, Housing Market Update, Infographics, owning a home, Real Estate Tips, Rent vs. Buy, selling a home

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

April 30, 2021 By Claire Garlick Leave a Comment

Some Highlights

  • If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs.
  • With benefits that include a combined home-buying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.
  • With such high demand for houses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs. Contact us today to discuss your needs.

 

Article source: https://www.keepingcurrentmatters.com/2021/04/09/multigenerational-housing-is-gaining-momentum-infographic/.

Filed Under: Buyers, Infographic, Move-Up Buyers, Real Estate Tips, Senior Market Tagged With: Colorado Real Estate, Colorado Springs, For Buyers, Infographics, Move-Up Buyers, Senior Market

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Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

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About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

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Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

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