February 15, 2017

Early Selling Season on Tap for Denver Metro Market.

Welcome to our Spring Residential Newsletter!  The story for 2017 remains inventory and interest rates. Below are some articles to help keep you updated with the local real estate market.

"Active listings in the residential market (single family and condos) dropped 6.47 percent to 3,989 last month, which represented an all-time low for any January on record - and only the second-time active listings have dropped below 4,000. The number of sold listings in January decreased by 33.21 percent compared to the previous month. According to Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver real estate agent, these decreases are normal for this time of year. "

As we start the Spring Selling season all of us at NeXstep want to thank you for your continued business and referrals.  If you're interested in learning more about your local market take the
NeXstep and give us a call at 303.398.7012

Denver & Colorado Springs Make The Grade
Best Places: U.S News & World Report sunny_denver_skyline.jpg

U.S. News analyzed the 100 most populous metro areas to find the best places to live. To make the top of the list, a place had to have good value, be a desirable place to live, have a strong job market and a high quality of life.  Denver came in at #2 on the list while Colorado Springs was ranked #11.  To read more CLICK HERE...

Conforming Loan Limits to Increase in 2017

The Federal Housing Finance Agency (FHFA) recently announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase.  In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000.  This will be the first increase in the baseline loan limit since 2006.  In higher-cost areas, higher loan limits will be in effect.

In addition, A LOT of Denver-metro counties are increasing the high-balance loan limit from to $493,350.  For more information CLICK HERE...

DMAR Real Estate Market Report
Trends Report - February

As 2016 has drawn to a close, the report identifies highs and lows in the housing market last year and how it compared to previous years.
"2016 will go down as another robust market defined by record-low inventories and record-high prices," states Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver real estate agent.

"First, housing inventory has been an issue as evidenced by historically low numbers for the past three years," he said. In February, DMAR recorded 3,963 active listings at month end, representing the lowest number of any month since housing data started being tracked in 1985. December 2016 finished with 4,265 active listings, which was 68.9 percent less than the historical December average of 13,702, and beat the previous December low in 2014 at 4,355.

To view the full report CLICK HERE...

Radon: The 6 Most Frequently Asked Questions 

Testing for radon in Colorado is extremely important, whether buying a home or as a home owner.  With radon gas being the #2 cause of lung cancer, and the EPA recently announcing all counties in Colorado are in the high-risk category for radon, testing is the only way to understand if elevated levels of radon are present in the home.  To learn more about the top 6 radon frequently asked questions we have heard from buyers and homeowners about radon in homes CLICK HERE

As always thanks for your continued support and kind referrals.  All of us at NeXstep Real Estate Group look forward to providing you with the most professional service and up-to-the minute market information you deserve.  If you have any questions about your local real estate market please feel free to contact us at any time at 303-398-7012.