A4HB Homebuyer's Blog

Median Price: Mid-Sized Houses Sales through MLS Systems Only: Excluding New Construction
From the Newsletter
A4HB Team

COVID-19, Home Prices & the Great Recession

COVID-19, Home Prices & the Great Recession There are many people concerned right now about the wisdom of buying a house with a pandemic-induced recession looming. It probably makes sense to hold off for a few weeks to see how things begin to shake out. However, there’s pretty reliable data from the Great Recession of 2006-2007 suggesting that the risks of buying a home in our area are relatively low. Mark Twain is reputed to have said that “history doesn’t repeat itself, but it rhymes.” The local impact of any COVID-19 recession is likely to “rhyme” with that of the

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A4HB clients at closing with masks on during COVID-19 pandemic
From the Newsletter
A4HB Team

Market Impact of COVID-19

Many of you are wondering what’s going to happen to the real estate market given the corona virus pandemic and its impact on the economy.  We’re just a few weeks into this, but the data below may provide some initial insight.  Effects on Showings First, as public concern with the virus and social distancing began to increase, the number of home showings in Colorado, and nationally, dropped dramatically, beginning March 11th and running through March 31st.  Nationally, this leveled out at about 50% of normal by March 31st, but in Colorado there was a second steep drop beginning April 6th, with showings

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How quickly they sell graphic
From the Newsletter
A4HB Team

What Time of Year Do Prices Increase?

What Time of Year Do Prices Increase? by Norris Minick Prices Increase More in the First Half When people hear that house prices are going up 12% a year, it sounds like they are going up 1% a month over the entire year. However, that’s not really how it works. In a market where prices are surging, nearly all the price increase occurs between January and June. So, when we have a 10% price increase, a house that sold for $500,000 house in January would sell for $550,000 by the end of June. For clients who are starting their house

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Prices and appreciation graphics
Home Buyer Issues
A4HB Team

The Market in 2018…and 2019?

The Market in 2018…and 2019? by Norris Minick Is the Market Slowing? The Denver Post has published several articles suggesting that the housing market in the Denver metro area is slowing. Signs show that we may be returning to a more balanced market than we’ve seen since 2013. Since the market always slows in the fall, it pays to be skeptical of these articles, but it does seem to have slowed a bit more this fall than normal. The Post cites some interesting data, noting that closings on residential properties dropped 20% from August 2017 to August 2018, while the

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3D printed home
Housing News
Claudia Lewis

Can low-cost 3D printing solve housing shortages?

Can low-cost 3D printing solve housing shortages? by Claudia Lewis Download and Print a Home? It’s a somber reality that 1.2 billion people worldwide live without adequate housing. For the past several years, New Story, a housing charity based in San Francisco, has built over 150 homes in El Salvador, where tarps and scrap metal shelters abound. New Story has been working to provide houses that have proper roofs and floors but it’s slow, painstaking work in a country where nearly a third of the population is without shelter. They needed a better approach. Last year, New Story may have

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