by Carmen Boles | Feb 10, 2024 | Blog
With the mortgage rate having tumbled more than a full point in many cases, more homes are being listed, and sales are rising as buyers are pouncing on their sudden change in fortune, according to recent data. In December, mortgage rates dropped from more than 7...
by Carmen Boles | Feb 9, 2024 | Blog
A spate of hail storms in 2023 led to a spike in applications for roof replacements, according to the Pikes Peak Regional Building Department. The inter-governmental agency, created in an agreement between Colorado Springs and El Paso County, issued nearly 66,000...
by Carmen Boles | Feb 7, 2024 | Blog
Fannie Mae economists expect mortgage rates to drop to drop below 6 percent by the end of this year, but their outlook isn’t all good news. The government-sponsored enterprise also forecasts that if there isn’t significant supply growth, home prices will keep...
by Carmen Boles | Feb 5, 2024 | Blog
Homeowners across the state are seeing homeowner premiums continue to skyrocket in Colorado, and some condominium complexes are even being declared non-warrantable for the first time. A March 2023 study conducted for the state’s Division of Insurance found that...
by Carmen Boles | Jan 17, 2024 | Blog
2023 was the year of the homebuilder. The ability for builders, who often have full- or part-ownership in their preferred lender, to buy down consumers’ mortgage rates allowed them to maintain double-digit margins. Driven by lack of resale inventory and the...
