When a buyer is looking at purchasing a home with a lower interest rate it may allow them the qualify for a more expensive home and save them money in interest payments. With mortgage interest rates at 20 year highs some owners are gaining a competitive advantage of their low interest rates when…
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The total number of homes for sale, a total of 561 increased by 23% compared to last years number at this time of the year at 456. The total number of homes sold decreased 19.5% from a year ago. The list to sold price decreased slightly by 1.7%. The median price home sold was…
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NEW FEDERAL REQUIREMENTS ON REAL ESTATE TRANSACTIONS IN COLORADO (Provided by the Land Title Association of Colorado, May 2023) The Financial Crimes Enforcement Network has been issuing orders called “Geographic Targeting Orders” since 2016. Under these orders, the title companies that close or underwrite residential transactions that meet certain criteria are required to make additional…
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Any time the government wants to get into messing with the housing industry it very rarely turns out good. This bill would severely impact the rental housing market and not in a good way. As the bill has passed through committee it was thought to be defeated with the swing vote by Democrat Dylan Roberts.…
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The number of homes for sale in Pueblo County remained steady from last months number of 591 but is still significantly higher than a year ago. However, we are running about 11% lower than the number of homes that are available through this time last year. At this time last year interest rates were…
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On February 23, 2023 the Federal Reserve raised it’s short term interest rate by a quarter percentage point bringing the federal funds rate to a range of 4.75 % to 5%. In anticipation of the rate hike the yield on the 10 year treasury notes dipped to 3.4% on Monday, February 20, 2023. At…
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The number of homes in Pueblo County that were for sale in January 2023 were 637, compared to just 405 home in January 2022. That’s an increase of 57.3% more homes for sale. New listing this month came in at 281, compared to 330 in January of last year representing a decrease of 14.8%. Compared…
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Property tax revenues supports public schools, county governments, special districts, municipal governments, libraries and other taxing entities. All of the revenue generated by property taxes stays within Pueblo county. The Pueblo County Assessor is responsible for classifying and valuing all property in the county in accordance with state laws. The assessor will establish a…
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The number of homes that were for sale compared to December of last year are down from 201 new listings in December compared to 263 last year. Not surprisingly however the total number of homes for sale in December came in at 667 compared to last year at 448, almost a 50% increase. Compared to…
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