January 20, 2021

new rochelle, N.Y.: a waterfront suburb with a socioeconomic mix

January 20, 2021/ Jordan Sotengco

Competition was also fierce in New Rochelle, which attracts buyers with its parks and beaches, an ethnically mixed population of 79,000, and by being a mere 20 miles north of Times Square. The house the Rothschilds bought — which has three bedrooms, one and a half bathrooms and a fireplace that is now working (after repairs), in the Beechmont neighborhood — received multiple bids before selling for $490,000, or $25,000 above the listing price.

January 13, 2021

waiting to sell can cost you

January 13, 2021/ Jordan Sotengco

An advantage of listing in the current market is that we are dealing with a known set of circumstances. We know where the market is, what interest rates are, what demand is like. The truth is that interest rates do fluctuate, and no one can predict where they will be in the future.

January 13, 2021

lights will shine brighter for denver home sellers than buyers in 2021

January 13, 2021/ Jordan Sotengco

Metro Denver is expected to see a 12.5% increase in home sales next year, which ranks fourth highest out of the 100 metro areas examined, behind only Sacramento, Harrisburg, Pa., and Charlotte, N.C., according to the forecast released on Tuesday.

January 06, 2021

mortgage interest rates reach a brand new low

January 06, 2021/ Jordan Sotengco

For the 13th time this year the mortgage interest rates have reached the lowest point in recorded history. Freddie Mac reports 30-year, fixed rate loans were as low as 2.72% over the past week. That is down from their previous low of 2.78% earlier in the month.

January 06, 2021

brighton, adams county preserve nearly 80 acres of farmland from development

January 06, 2021/ Jordan Sotengco

For those yearning for a bit more undisturbed acreage in a fast-growing metro area, look to the north.

Brighton and Adams County teamed up with The Conservation Fund this week to preserve 79 acres of farmland along 144th Avenue and Sable Boulevard, just south of Brighton, in a traditionally agricultural area recently designated as Historic Splendid Valley.

December 30, 2020

boutique hotel opens in lower highlands

December 30, 2020/ Jordan Sotengco

“Denver has so much to offer,” he added. “The city’s booming restaurant and bar scene has granted it a great number of accolades making virtually every venue a destination in its own rights. In particular, we picked the neighborhood of Lower Highlands as it marries well with the Life House brand’s ethos being architecturally interesting, growing at a very fast pace, and with a story to tell.”

December 30, 2020

analysis: housing markets rally in deep (affluent) suburbs, remain challenged in cities

December 30, 2020/ Jordan Sotengco

During the third quarter, 2,167 single family homes were sold in Westchester, a 12% improvement from 1,940 in 2019's same period Houlihan Lawrence said market conditions are favoring sellers and forcing fewer concession on pricing than last year.

December 23, 2020

U.S. news names boulder no. 1 & denver no. 2 in new best places to live rankings

December 23, 2020/ Jordan Sotengco

U.S. News & World Report says four Colorado cities are in the Top 5 best places to live in the country. Boulder and Denver came in at No. 1 and No. 2 and Colorado Springs and Fort Collins came in at No. 4 and No. 5 in the 150 Best Places to Live in the U.S. in 2020-21 list.

December 23, 2020

fairfield county has fastest rising home prices in US, report says

December 23, 2020/ Jordan Sotengco

Housing prices are rising more quickly in Fairfield County than any other locale in the U.S., according to data compiled from the real estate website Redfin by Bloomberg.

December 16, 2020

metro denver’s housing market has staying power, but it will need to get through a bumpy winter.

December 16, 2020/ Jordan Sotengco

In Denver, home sales last month rose only 16.3%, but likely because buyers couldn’t find enough to buy. The number of homes listed for sale at the end of October was down nearly 44% over the past year and the median price for a single-family home sold is up 14.3% over the year to $519,900, according to a report from the Denver Metro Association of Realtors.

December 16, 2020

financial planning for young adults: mortgage basics and tips for buying your first home

December 16, 2020/ Jordan Sotengco

Are you tired of renting? Are you considering purchasing your first home? Do you dream of owning a house that can provide both you and your family a sense of stability and community?

For many Americans, home ownership is an important part of the American dream. Being a homeowner means having a space to call your own and a place where you belong. It also means being a part of a community. Owning a home may provide other financial benefits, such as the ability to build wealth through home equity, and potentially lower housing costs and savings over the cost of renting.

December 09, 2020

as colorado gathers for a ‘virtual’ thanksgiving, here are 15 ways to have grandparents living closer by in 2021

December 09, 2020/ Jordan Sotengco

Buyers want to be closer to the family, want to relocate closer to kids and grandkids—and to create more space and comfort in the places where they spend the most time. “We’ve had more calls over the last year from clients wanting to really change their lifestyle than any time in our company’s history,” says Conrad Steller, managing broker of The Steller Group, agents specializing in senior moves.

“Usually a move is prompted by a job relocation or a need to change schools or to upsize or downsize. This year, people just want to find peace and a more practical living situation,” he adds.

December 09, 2020

covid-19: new data reveals number who have moved out of NYC during pandemic

December 09, 2020/ Jordan Sotengco

There are now numbers behind the mass exodus of New York City residents to the suburbs and beyond amid the COVID-19 pandemic.

From March 1 through Oct. 31 this year, a total of 295,103 NYC residents have made change-of-address requests.

December 02, 2020

with NYC influx, greenwich area home prices rise fastest in U.S.

December 02, 2020/ Jordan Sotengco

The pandemic is fueling a rush to the suburbs as New Yorkers leave tight quarters in the city and hunt for more space to quarantine as coronavirus cases climb. The city’s employers now mostly operate with remote workforces, allowing people to telecommute from anywhere.

December 02, 2020

homebuilders in metro denver on track for an unexpectedly stellar year, despite pandemic

December 02, 2020/ Jordan Sotengco

Facing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard.

November 26, 2020

denver metro real estate market trend report

November 26, 2020/ Heather Parrish

“While seemingly defying the odds, home price growth nationwide has persisted throughout the pandemic and showed little sign of slowing down even though the nation is facing a potentially bigger contraction than the Great Recession.”

November 24, 2020

denver’s average single-family home price surpasses $625,000 for first time

November 24, 2020/ Heather Parrish

According to the Denver Metro Association of Realtors (DMAR) Market Trends Report, the average single-family home sold for $625,100 in October—breaking July’s record when the price exceeded $600,000 for the first time. The average price for a single-family home jumped 18 percent year-over-year from $529,554 in October 2019.

November 24, 2020

homeowners and buyers are the real winners in this election

November 24, 2020/ Heather Parrish

For homebuyers, consistently low rates over the past several months, and the almost weekly prospect of rates falling even lower, have only fueled already strong demand. After a very brief pause at the start of the pandemic, buyers came rushing back, looking for a safe haven as well as larger spaces for working and schooling from home.

November 17, 2020

real estate buyers are flocking to lower Hudson Valley

November 17, 2020/ Heather Parrish

It's no secret that the coronavirus pandemic has led many New York City residents to leave the city — the New York Times has been reporting on the phenomenon for months.

And while the Hudson Valley economy has taken a hit, the real estate markets in Westchester, Putnam, Rockland, and Orange counties recovered from the spring shutdown and were thriving by the third quarter of 2020.

November 17, 2020

colorado real estate market has surpassed 2019's performance

November 17, 2020/ Heather Parrish

Denver Metro, which was recently named the second-best city to live in the country by U.S. News and World Report, saw a 2.4% increase in the number of homes sold through Q3. The Boulder area also had an increase in homes sold, rising by 1.9%. But with more buyers looking to make their dreams of mountain living a reality, the state’s resort markets saw the most dramatic increases throughout the year.

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