“Conventional wisdom: ‘You’ll never sell your condo in this market.’ Reality: Tracy sold our condo in less than 30 days. Conventional wisdom: “You’ll never find a house that meets all your criteria that’s in your price range!” Reality: With a unique mix of vision and practicality, an almost telepathic understanding of what we were looking for and a keen knowledge of the market, Tracy found us a beautiful new home that fit within our budget. Thank you, Tracy!” -Ellen Graham
It’s March and home prices are rising annually, outpacing inflation. Real estate data group, CoreLogic recently released their January 2017 Home Price Index (HPI), showing prices increased 0.7 percent month-over-month and 6.9 percent year-over-year.“A combination of factors is driving momentum ahead of the curve,
says Dr. Frank Nothaft, chief economist of CoreLogic.
“With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation. Over the 12 months through January of this year, the CoreLogic Home Price Index recorded a 6.9 percent rise in home prices nationally and the CoreLogic Single-Family Rental Index was up 2.7 percent—both rising faster than inflation.”
Accounting for limited available inventory, CoreLogic’s HPI Forecast expects home prices to rise 0.1 percent month-over-month from January to February, and 4.8 percent year-over-year from January 2017 to January 2018.
“Home prices continue to climb across the nation, and the spring home-buying season is shaping up to be one of the strongest in recent memory. A potent mix of progressive economic recovery, demographics, tight housing stocks and continued low mortgage rates are expected to support this robust market outlook for the foreseeable future. We expect the CoreLogic [HPI] to rise 4.8 percent nationally over the next 12 months, buoyed by lack of supply and continued high demand”
adds Frank Martell, president and CEO of CoreLogic.
And according to Realtor.com, spring home-buying season got an early jump this year, indicating record-high home prices and record-low days on market for February. This is especially true for Denver where you’ll see in the chart that showings for February are up over this time last year. Time to move!
LET ME COUNT THE WAYS
“We relocated to Colorado from Hawaii. We researched local real estate agents in the Denver/Boulder area. Happened upon a real estate blog where Tracy commented on the topic of agent’s fees. We immediately knew she was our choice – no-nonsense and all about taking care of her clients. It was the perfect choice!” –John & Elaine Tenabe
“Tracy worked with me to sell my condo during in a tough market and very challenging circumstances. Tracy’s creative approach (no doubt from her writing and acting background) helped negotiate through the transition with my buyer, overcoming all the buyers concerns and all the HOA hurdles like a track star! It was Tracy’s due diligence to get through this process with ease and grace. I highly recommend Tracy – whatever she attempts is sure to be a success!” -Kathleen M. Rowland
“Tracy was everything you would want in an agent. She takes an active role in trying to sell your property, from identifying the correct target market, monitoring what activity it receives on the web, soliciting other agents feedback, and revisits with the sellers their goals in terms of price, length of time on the market. She is honest and realistic with feedback. She is diligent in follow through on contract dates and progression of closing. Also quite personally charming.” -Shelley Smith
“Tracy was very helpful and knowledgeable. Worked well together. Sold house in 30 days. Helped us through negotiations explaining everything along the way. Selling a house is very stressful and she made it better.” Quinn Taylor, New Mexico
“I have worked with Tracy for many years and one of the many things I admire about her is how much she cares about her customers. She really listens and helps to guide her clients into the right properties in the right neighborhoods. She works tirelessly and navigates the ever changing real estate market with professionalization and skill. She is a great asset to the industry. Tracy has helped so many people find the perfect homes and the beautiful part is almost every customer becomes a good friend of hers after the transaction is completed.” -Peter Scudder, lender