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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Quite an interesting month for home sales in Pueblo County. Prices year over year are 3.0% higher than a year before. This figure represents a drop in value from the median price of $340,000 from May of this year. That represents a 10% drop in prices in the past six months. The decrease in median…
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In Colorado, it’s not a matter of do you have radon, it’s a question of how much radon do you have? What is Radon? Radon is a naturally-occurring radioactive gas that can cause lung cancer. Radon gas is inert, colorless and odorless. Radon is naturally in the atmosphere in trace amounts. Outdoors, radon disperses rapidly…
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When you sell a house, you’re looking to get the most you can for it. What if a company promised you’d make more money selling it to them than you would on the open market? You’d probably say, “Sold!” According to the FTC, that’s what house buying company Opendoor Labs told people looking to sell their homes…
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Sept 27, 2021, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-24, Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage (HECM) Extensions. This ML provides: Up to six months of COVID-19 Forbearance for borrowers requesting their initial COVID-19 Forbearance on October 1, 2021, through the end of the COVID-19 National Emergency,…
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For April 2021 the median selling price of homes in Pueblo County was up to $275,000, this is an 18.1 increase since this time last year. With no end in sight the Pueblo real estate market continues to be a game of whack-a-mole. A home gets listed for sale and within a few days…
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During the 2019 Colorado legislative session a number of Bills passed that affect property managers, landlords and tenants. Some of the Bills highlights: HB19-1106 (Rental Application Fairness Act) This Bill concerns the rental application process for prospective tenants. Some of the Bill’s highlights include: A landlord shall not charge a prospective tenant a rental application…
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