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3 Reasons the Housing Market is NOT in a Bubble

by Allison Simson

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.

Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to obtain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.

Eventually, the excess in new construction and the flooding of the market with distressed properties (foreclosures & short sales), caused by the lack of appropriate lending standards, led to the housing crash.

Where we are today…

1. If we look at lending standards based on the Mortgage Credit Availability Index released monthly by the Mortgage Bankers Association, we can see that, though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s.

2. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002-2006, they are below starts going all the way back to 1980.

3. If we look at home prices, most homes haven’t even returned to prices seen a decade ago. Trulia just released a report that explained:

“When it comes to the value of individual homes, the U.S. housing market has yet to recover. In fact, just 34.2% of homes nationally have seen their value surpass their pre-recession peak.”

Bottom Line

Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.

Homeownership Is a Good Financial Investment!

by KCM Blog

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?

Ralph McLaughlin, Trulia’s Chief Economist explains:

“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”

The article listed five reasons why owning a home makes financial sense:

  1. Mortgage payments can be fixed while rents go up.
  2. Equity in your home can be a financial resource later.
  3. You can build wealth without paying capital gains.
  4. A mortgage can act as a forced savings account.
  5. Overall, homeowners can enjoy greater wealth growth than renters.

Bottom Line

Before you sign another lease, let’s get together and discuss all your options.

Nearly 3,000 homeowners netted $32 million during this ski season, a doubling from the previous season, Airbnb says

Jennifer Dahir-Kanehl works 50 hours a week at a Breckenridge restaurant to pay her mortgage. This past winter she and her boyfriend eschewed a roommate, opting instead to rent a spare space through Airbnb, joining the ever-swelling tide of high country homeowners hosting short-term guests.

At the restaurant and at the hotel where her boyfriend works, it’s a struggle to keep employees who can’t find a place to live. Dahir-Kanehl knows she could rent her spare bedroom, with its separate entrance and private bathroom, to a local worker.

“But in my world, why would I have someone paying $700 when I can make $2,200 to $3,000 a month,” she said. “Long-term rentals around here are hard to find and when you do, they want $1,000 per room and no one making $10 an hour can afford that. It’s tough for the town, and its going to be way tougher before it gets better.”

Short-term vacation rentals in Colorado ski country are continuing on an explosive trajectory, generating record amounts of income for homeowners and tax revenue for municipalities.

The number of Airbnb guests in Colorado’s resort towns nearly doubled this season over the 2015-16 season, as did the earnings by hosts, revealing the relentless surge of short-term rental business that is vexing community leaders grappling with the emerging impact of the red-hot shared economy.

More than 121,000 visitors booked Airbnb homes in Avon, Breckenridge, Copper Mountain, Crested Butte, Dillon, Frisco, Keystone, Steamboat Springs, Telluride and Vail for the 2016-17 ski season. About 2,800 homeowners — a majority of them women — netted $32 million from those visitors, a doubling from the previous season, according to statistics provided by Airbnb.

Expedia-owned vacation rental platform Homeaway has seen tremendous growth in the number of homeowners offering their residences to short-term guests, with the number of Homeaway-listing hosts in towns like Avon, Frisco, Steamboat Springs, Telluride and Vail growing anywhere from 74 percent to 261 percent in the last four years.

Along with this growth comes impacts, both good and bad. The good: local homeowners banking more cash and communities harvesting windfall tax revenue as they corral renters into licensing and taxing programs. The bad: neighborhood changes as more homeowners embrace short-term over long-term and the pinched supply of rental housing for local workers as homeowners opt for the more lucrative short-term guests.

But statistics revealing those impacts are fleeting. The source of the housing crisis in the high country cannot be blamed entirely on short-term rentals, said Brian Waldes, the finance director for the town of Breckenridge, a pioneer in regulating short-term rentals.

“It does make sense, but we don’t have a ton of data to say that these short-term rentals are a major contributor for our housing crunch. It is a contributor, but we don’t think that droves of homeowners are switching over to short-term rentals,” Waldes said. “We’ve always had a large rental pool, and it’s always been hard to find housing in the mountains. We don’t think these online travel sites necessarily caused the problem.”

Breckenridge, a town of 4,750, has six hotels, three bed-and-breakfasts and 3,345 licenses for individual owners to rent their homes and condos. It’s been that way for years. The town has long leaned on its condo owners to supply housing for visitors to the second-most trafficked ski area in the country.

Taxes on those individually owned units accounts for 29 percent of the town’s total sales tax revenue, marking the largest contributor to the town’s coffers. Short-term vacation rentals are vital to Breckenridge, and the town has developed the most progressive regulations in the state. This year, the town budgeted $19 million for its affordable housing fund.

On the other side of the regulatory coin is Durango, where about 60 of the city’s 8,000 housing units are available for short-term rentals, thanks largely to policies designed to protect neighborhoods and prevent the commercialization of residential areas. Lodging taxes for the city account for about 7 percent of its total sales tax revenue, reaching $1.7 million in 2016.

And in the middle are more than a dozen high-country cities and towns — in addition to major cities across the country — tinkering with different levels of regulation for short-term rentals, from Estes Park to Georgetown, Aspen, Crested Butte and Vail. Most every community has convened a diverse task force to study the issue and every town closely examines each other’s existing regulations in a search for what fits for their community.

“There isn’t a magic bullet. This is one of these things where there are a variety of best practices and a variety of approaches, but they are as different as night and day. It’s not a cookie-cutter approach,” said Sam Mamet, the head of the Colorado Municipal League. “There are a lot of communities dealing with it, but they are doing it differently because of differing needs.”

Short-term rental taxable sales from privately owned units in Breckenridge climbed from $97.6 million in 2014 to $127.5 million in 2016. Airbnb shows 45,600 guests booked accommodations around Breckenridge for the 2016-17 ski season, delivering to area hosts $12.6 million, exponentially more than any Colorado ski-town hosts on the website. Homeaway shows the number of Breckenridge-area listings has grown 73 percent from 2013 to 2017.

Lois Montague and her husband, Kent, this past winter decided to rent out the ground-floor, two-bedroom apartment in the house they built 20 years ago just outside Breckenridge. They thought they could bolster their retirement income by hosting visitors. It rented nearly every night this past winter, allowing 73-year-old Lois to ski 100 days and 78-year-old Kent to get 111 days on the hill.

“We have had people from all over the world, every walk of life you can imagine,” said Lois, who handles all the cleaning and bookings through Airbnb. “Breckenridge doesn’t have enough hotels, so we feel like we are filling a niche.”

She’s read the newspaper reports on the dearth of local worker housing. She’d rent long term, but sometimes her kids and grandkids come up and stay for a week or two. Plus, there’s the money.

“I know that Summit County and Breckenridge in particular have asked repeatedly through the news media that we consider renting the property out long-term to employees,” she said. “But the employees can’t afford what we are getting for rent. I feel bad, but I guess I don’t feel quite that bad.”

Airbnb has partnered with 275 governments around the word to collect and remit local lodging taxes. In February, the site began collecting state taxes for the state of Colorado, building upon existing tax-collecting agreements with Boulder, Snowmass Village, Steamboat Springs, Colorado Springs, and Golden.

“We want to help hosts pay taxes. Our community of hosts want to pay their fair share,” said Airbnb spokeswoman Jasmine Mora.

Even with Airbnb’s release of data, it’s hard to get a good grasp of how short-term rentals are influencing Colorado’s resort towns. Ralf Garrison, whose Denver-based DesiMetrics group surveys property management companies and hoteliers across the West to identify lodging trends, called short-term rentals “a Rubik’s Cube.”

“Rental-by-owner these days is probably the most disruptive and least understood influence in the vacation lodging marketplace,” he said.

There’s no reliable indicators. Some owners rent their second homes all the time. Others rent when they aren’t using it. Owners with a high net worth tend to not rent at all. Then many owners list across multiple platforms, meaning the number of listings rarely mirrors the number of available units for rent.

There are several pistons firing off the same crankshaft, said Garrison, who in presentations to municipalities eager for statistical support of any impact from short-term rentals, tends to elevate short-term rentals as critical “hot beds” that can fuel a region’s economic vibrancy.

“The highest and best use of some of these units is as a short-term rental,” Garrison said.

Now hotels and property management companies are listing properties on Homeaway, VRBO and Airbnb, and those sites are becoming distribution channels for traditional lodging.

“For those of us who love puzzles, we are having fun,” Garrison said. “It’s really hard to solve until you get the hang of it and we all are slowly figuring it out.”

23 things artificially intelligent computers can do better/faster/cheaper than you can

by Seth Godin - Feedbliz 04/05/2017

23 Things Artificially Intelligent Computers Can Do Better/Faster/Cheaper Than You Can.....

Predict the weather
Read an X-ray
Play Go
Correct spelling
Figure out the P&L of a large company
Pick a face out of a crowd
Count calories
Fly a jet across the country
Maintain the temperature of your house
Book a flight
Give directions
Create an index for a book
Play Jeopardy
Weld a metal seam
Trade stocks
Place online ads
Figure out what book to read next
Water a plant
Monitor a premature newborn
Detect a fire
Play poker
Read documents in a lawsuit
Sort packages

If you've seen enough movies, you've probably bought into the homunculus model of AI--that it's in the future and it represents a little mechanical man in a box, as mysterious in his motivations as we are.

The future of AI is probably a lot like the past: it nibbles. Artificial intelligence does a job we weren't necessarily crazy about doing anyway, it does it quietly, and well, and then we take it for granted. No one complained when their thermostat took over the job of building a fire, opening the grate, opening a window, rebuilding a fire. And no one complained when the computer found 100 flights faster and better than we ever could.

But the system doesn't get tired, it keeps nibbling. Not with benign or mal intent, but with a focus on a clearly defined task.

This can't help but lead to unintended consequences, enormous when they happen to you, and mostly small in the universal scheme of things. Technology destroys the perfect and then it enables the impossible.

The question each of us has to ask is simple (but difficult): What can I become quite good at that's really difficult for a computer to do one day soon? How can I become so resilient, so human and such a linchpin that shifts in technology won't be able to catch up?

It was always important, but now it's urgent.

2015-2016 Ski Season

by Allison Simson

Happy Tuesday Morning to YOU!

 

Summit County is enjoying a beautiful September and like it or not, snowmaking at Summit County ski areas will be underway in a matter of weeks. How can that be??

In the meantime, local resorts are putting the finishing touches on their annual round of upgrades.

This year’s changes might not be as obvious to skiers and snowboarders as in 2014-15, when Arapahoe Basin Ski Area’s $2.3 million kids center became the fourth building in its base area, Breckenridge Ski Resort put in a higher-capacity Colorado Superchair and Loveland Ski Area constructed an on-mountain cabin.

Vail Resorts is focused on Utah this year as it integrates the resort formerly known as Canyons into one unified Park City.

Local ski area visitors can expect remodeled buildings, more snowmaking and new app features for the 2015-16 winter season. This from the Summit Daily News:

Arapahoe Basin

Arapahoe Basin put $500,000 into turning its ticket office into a guest services center. The space formerly used for kids snowsports lessons will be part of the expanded season pass and ticket office, and the ski area will establish a dedicated call center to handle snowsports reservations and questions over the phone.

A-Basin also will be able to expand its music offerings in winter and summer with a new stage and music venue on the ticket office steps.

Action on the more than 400-acre expansion in a backcountry area within the ski area’s permit known as the Beavers has been pushed back. Local Forest Service officials said recently that the ski area was refining its proposal for the federal agency to analyze.

Breckenridge

Breckenridge is investing in the skier and snowboarder experience on Peak 6, a terrain expansion entering its third season. The resort added one mile of new snowmaking pipes on the Lost Horizon and Barton Breezeway trails, lower-mountain terrain critical for opening Peak 6 in the early season, and the ski area widened the Monte Cristo trail to double the width of the run that connects Peak 6 to Peak 7 and funnels skiers back to the base areas.

The ski area also upgraded its haul ropes, the cables that carry chairs on a lift, on the Rocky Mountain, 5 Chair and Snowflake lifts.

Copper Mountain Resort

Copper will have several new food and beverage options for 2015-16, including a full-service Starbucks Coffee in Center Village on the first floor of the Mountain Plaza building next to the American Eagle lift. Also in Center Village, Mahi Fish Tacos will specialize in different kinds of fish, salads and quesadillas.

Skiers and riders will be able to enjoy grab-and-go Belgian waffles and coffee on the mountain this year as Belgian Bean is moving to the location formerly known as Flyer’s Soup Shack just below the top of the American Flyer lift.

The Tucker Lift expansion project is still going through the approval process and won’t happen for this season. The resort plans to build a lift up Tucker Mountain to provide access to the terrain now served by snowcat. The snowcat operation would then move to the backside of Tucker Mountain.

Keystone Resort

Keystone spent nearly $2 million on repairs and upgrades to the resort’s snowmaking system, including the replacement of a primary water supply pump and changes to key electrical systems.

In October, the Keystone Lodge and Spa is being remodeled with re-carpeted hallways, replaced woodwork and doors and new pillows and linens.

Loveland

Though Loveland isn’t technically in Summit, it’s just over the Continental Divide, and many Summit folks call it home.

Loveland Ski Area will re-align Chair 2, the main chairlift at the base of Loveland Basin. The original chairlift will be shortened to drop skiers and snowboarders off at the base of Chair 6. The newer upper section, called Ptarmigan Lift, will serve the Bennett’s Bowl and Ptarmigan Roost areas and its construction used a K-MAX helicopter this summer.

Loveland also remodeled its website, www.skiloveland.com.

App Additions

Copper’s Sherpa app, which tracks users’ runs, speed and vertical feet, will now offer trail recommendations based on skiing and riding history and habits. App users can designate if they want the optional suggestions sent via in-app notifications, email or both and at what time of day.

Vail Resorts’ Epic Mix app will feature an addition this year that allows skiers and riders to view real-time chairlift wait times and plan their mountain navigation accordingly. The feature will be rolled out across 55 core chairlifts and gondolas at the company’s four Colorado resorts.

Epic Pass Extras

In neighboring Eagle County, Vail Mountain is upgrading its Avanti Express Lift, known as Chair 2. The centrally located four-passenger chairlift will become a six-passenger, similar to the Colorado Superchair upgade at Breckenridge.

The front-side lift has long been a major hub for Vail skiers and riders above the Lionshead base area, and the upgrade is expected to reduce wait times and improve reliability. A loading conveyor and gates will increase skier circulation and passenger capacity by up to 30 percent.

Beaver Creek will add to its snowmaking fleet this year by equipping the Red Tail and Centennial trails, two popular intermediate runs, with 23 fan guns.

In Summit County, Utah, the plan to combine Park City and Canyons Resort into the largest ski resort in the U.S. includes an eight-passenger Quicksilver gondola, which will transport people from the base of the Silverlode Lift at Park City to the Flatiron Lift at Canyons.

The merger also means a new 500-seat restaurant, lifts and restaurants upgrades, new and widened trails and more snowmaking. Vail Resorts investments in ski area upgrades for the 2015-16 season total $110 million.

For more information about upgrades at other Colorado resorts, visit coloradoski.com, the online home of the state’s ski area trade association, Colorado Ski Country USA. 

We'll see you on the slopes!

Allison Simson, Owner/Broker

Check out this great mountain getaway: 

Image Unavailable

6714 Ryan Gulch RD

Price: $309,000

Beds: 2

Baths: 1

½ Baths: 1

Sq Ft: 1178

Perfectly charming townhome with beautiful finishes, quality detils and natural light. Meticulously maintained, in truly move-in condition. Open floor plan great for families. Happiness smiles in every room. In a quiet complex w/ outstanding trails ...

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HOUSING MARKET HEATS UP

by Allison Simson

Happy Wednesday to YOU

Great real estate information in the Summit Daily News today.  Even though it's Wednesday, I didn't want you to miss it! 

HOUSING MARKET HEATS UP

It’s summer, and that means the local real estate market is sweltering hot.

That’s not always the case — only three years ago, Summit investors were still gun shy from the 2008 Recession — but, the past two summers have brought booming business to commercial and residential brokers, leading to a whopping $114.5 million in total transaction during May 2015. That’s nearly $20 million more than last May, which itself saw $95.1 million in sales.

One thing’s for certain: Early summer is when everyone — from prospective homeowners to established business owners — starts signing papers for the properties they eyed all winter. A total of 204 properties moved this May — that’s 25 more than in 2014 — ranging from four $375,000 units at Lake Forest Condominiums in Frisco to two homes over $2.5 million in the Highlands at Breck-Highlands Park neighborhood.

Compare those lofty sales totals to the figures from February 2015, when sales barely reached $50 million, and only four transactions hit the $1 million mark.

Just three months later, 15 properties went for more than $1 million, including the big daddy of them all: the final undeveloped plot at the posh Shock Hill neighborhood in Breckenridge. It sold for $10.25 million in early May to a small group of local developers, and, before the papers were even signed, they had tabbed Double Diamond Property and Construction of Frisco as the developer.

Managing broker Ned Walley says the Shock Hill sale was highly competitive — a major change of pace from when he first took on the property in 2013.

“When I first got the listing, I just sat and stared at a phone for a few months,” said Walley, who notes the 6.67-acre plot was originally slated for a resort-style condo complex that never came to be. “It never rang. But then, when things started getting better, when the economy turned, I started getting more interest. No one was interested in a major project, but, when people were willing to pull out checkbooks and write a seven-figure check on the spot, that’s a sign the economy is picking up. Interest picked up.”

All told, the 15 high-dollar sales in May 2015 accounted for nearly $33.7 million of the $114.5 million total, or roughly 30 percent of all sales. But here’s a fascinating tidbit: In terms of sheer volume, last May actually outperformed this May in the $1 million-plus arena, with 20 transactions totaling $30.86 million (about 32 percent of the total). Yet, 2015 saw seven sales over $2 million, including the Shock Hill plot. That sale skews the comparison a touch, but more sales at a higher price point speak to Walley’s point: Investors and homeowners alike are now more willing to seven-figure checks.

“When it seemed like the dust settled and other suitors didn’t pursue, we took another stab at it,” said Chris Canfield, spokesman for the Shock Hill owner, ROCA Holdings. “We’ve had a plan from the start to build homes that fit into the Shock Hill aesthetic. It’s the most coveted area in Breckenridge, and we are looking at a unique and special product.”

THE DARK SIDE OF SUMMER

As any developer knows, unique and special in a red-hot market is key, particularly as inventory continues to shrink across Summit. Breckenridge is now at 90 percent build out, while Frisco has even less room for properties larger than 1 acre.

The looming property crunch shows the “dark side” of a sizzling real estate market. At some point, as property values climb to peak levels, inventory will reach all-time lows and developers will be forced to continue expanding. This tug-of-war between development and conservation has already sparked heated debates in two local towns, Blue River to the south and Silverthorne to the north, where the combination of a rejuvenated economy and fervent interest from second-home owners led developers in both towns to triple density levels. Yet, none of the units on either parcel is considered affordable, at least as defined by the state and county: Ruby Placer in Blue River calls for units around $500,000 and up, while South Maryland Creek Ranch in Silverthorne calls for units in the $550,000 to $625,000 range.

And, only time will tell what happens to Summit’s southern and northern limits. Maryland Creek was approved by the Silverthorne Town Council in late May, and Ruby Placer is scheduled for a public vote on Sept. 15.

MAY’S MAGIC NUMBERS 2015

204 — Total real estate sales

179 — Total real estate sales (2014)

$114.5 million — Total value of all sales

$95.1 million — Total value of all sales (2014)

$10.25 million — Most expensive sale

$2.525 million — Most expensive sale (2014)

15 — Sales of at least $1 million

If you want to know the inside scoop on what these numbers might mean for you, please give us a call or reply to this email! 

AND Check out this property- Do you know anyone who would be perfect for it?

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62 TWENTY GRAND CT

Price: $430,000

Beds: 3

Baths: 3

½ Baths: 1

Sq Ft: 1915

In the heart of Wildernest, this gracious townhome was created to very comfortably accommodate a large family- retreat style! Lovely finishes & furnishings w/ pretty hardwood floors that shine. Loads of space for you & all your gear. Tucked away w m...

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Second Home Owner Stats

by Allison Simson

Happy Tuesday Morning to YOU!

Check out this information just in from the National Association of Realtors Annual Second home and investment property report:

Vacation Home Sales Soar to Record High in 2014, Investment Purchases Fall

WASHINGTON (April, 2015) – Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year, according to an annual survey of residential homebuyers released today by the National Association of Realtors®.

NAR’s 2015 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2014, shows vacation-home sales catapulted to an estimated 1.13 million last year, the highest amount since NAR began the survey in 2003. Vacation sales were up 57.4 percent from 717,000 in 2013.

Lawrence Yun, NAR chief economist, says vacation sales in 2014 showed astonishing growth, nearly doubling the combined total of the previous two years. “Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home prices has likely given them reassurance that real estate remains an attractive long-term investment,” he said. “Furthermore, last year’s impressive increase also reflects long-term growth in the numbers of baby boomers moving closer to retirement and buying second homes to convert into their primary home in a few years.”  

Here's a quick look at the details:

 

 

 

 

       

* If you are interested in seeing the full report, please reply to this email and I'll send it to you directly!

Good news for Summit County second home buyers and sellers!

Maybe this spot in Breckenridge would work for you:

 

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110 Sawmill RD

Price: $175,000

Beds: 1

Baths: 1

Sq Ft: 296

This incredible location sits streamside in one of Breck's original historic ski lodges, and can be your very own ski-in powder paradise & summer getaway! Just 3 blocks from Main St you'll find everything you would expect from one of N. America's pr...

View this property >>

Desire to Own a Vacation Home Growing

by Allison Simson

Desire to Own a Vacation Home Growing

Posted: 14 Apr 2015 04:00 AM PDT

Desire to Own a Vacation Home Growing | Keeping Current Matters

The National Association of Realtors just released their 2015 Investment and Vacation Home Buyers Survey which revealed that vacation home sales boomed in 2014 to above their most recent peak level in 2006. NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home prices has likely given them reassurance that real estate remains an attractive long-term investment. Furthermore, last year’s impressive increase also reflects long-term growth in the numbers of baby boomers moving closer to retirement and buying second homes to convert into their primary home in a few years.”

The report shows:

  • Vacation-home sales catapulted to an estimated 1.13 million last year
  • This was the highest amount since NAR began the survey in 2003
  • Vacation sales were up 57.4% from 717,000 in 2013
  • Vacation-home sales accounted for 21 percent of all transactions in 2014, their highest market share since the survey was first conducted

Bottom Line

If you have been considering that waterfront condo in Florida, that ranch in Wyoming or that special getaway you someday will retire to, maybe now is the time to act. Prices are good and mortgage rates are at historic lows. Contact a local real estate professional to help you put your dreams to a plan.

2015 Real Estate Trends to Watch

by Allison Simson

The beginning of a new year - and everyone has their thoughts, opinions and wise-cracks about the real estate market.  I've boiled down a few articles that I think have some merit and interesting points of view!

 

1) Five real estate trends to watch in 2015 - (MarketWatch, 12/29/14)
While the U.S. housing market and home lending levels in 2014 continued an uneven recovery from the Great Recession of 2008-2009, the coming year could see many of those gaps finally filled in as economic and job growth in the U.S. accelerates and consumers benefit from low inflation thanks to plunging gasoline and energy prices. Read More


2) What to Expect From the Housing Market in 2015 - (Time, 12/29/14)
Consumers think 2015 will be a better year than 2014, especially for selling a home. But the recovery faces an uphill climb. Read More


3) Wells Fargo’s 7 housing predictions for 2015 - (HousingWire, 12/29/14)
As the calendar ticks toward the end of 2014, it’s time to look ahead to what next year will hold for housing. Will the next 12 months see any legitimate movement on housing reform legislation? Read More


4) CoreLogic: 5 drivers of housing in 2015 - (HousingWire, 12/29/14)
It’s been five years since the financial crisis, and the housing economy continues to steadily improve, paving the way for an even better 2015, CoreLogic’s 2015 Housing Outlook said. Read More

 

Of course, all of this information is just that, information.  If you would like to further the discussion to see how the Summit County market can best work for you and your lifestyle, please give us a shout!  We knows the in's and out's of this market - all the likely spots as well as some hidden local gems!  

News & Views Magazine, Summit County Real Estate Market

by Allison Simson

For all the news that's fit to read about Summit County and the real estate market here, click on the cover to our News & Views magazine below.  Enjoy!

Here's to hoping the New Year brings you blue skies, green lights and endless powder days!

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Photo of Summit Real Estate Real Estate
Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker