I think that we are all relieved that it's a new week. Start it off on a positive note and catch up on some real estate news.
Sound familiar, Colorado?
2. Homeowners and buyers are the real winners in this election
Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.
Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market.| Subscribe
Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
2. Homeowners and buyers are the real winners in this election
According to Realtor.com and the National Association of Realtors, homes sold faster in October than September and prices remained at their summer peak of $350,000 for the first time since 2011.
"New homes represent new supply. Increased supply – inventory – gives buyers more choices and helps hold down prices, not just for new construction but for existing homes as well. If fewer new homes are being built, real estate prices would likely be higher than they are today."
"The median closing price on a single-family home was $519,900 in October, an increase of 1.9% from September and 14.3% from October. The average closing price was $625,100, a 4.5% gain from September and an 18% increase over the past year."
More than 3.5% of all the rentable office space in the Denver-Boulder-Aurora metro area was available for sublease at the end of September.
Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.
Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market.| Subscribe
Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
