Wondering what air-conditioning will cost you this summer? A study compared energy costs in all 50 states and Washington, D.C.
A Mom Looks For a 3-Bedroom in Oakland, Calif., Will Her Budget Be Enough?
A single mother in Oakland, Calif., with a successful career and a modest nest egg looked for a home that would comfortably fit a family of three. These were her options.
How to Plant a Miniature Succulent and Alpine Garden
They may not be the showiest thing on the patio, but these miniature landscapes inevitably take center stage: “It’s about being in Lilliputian land.”
$1.1 Million Homes in Kentucky, Texas and Pennsylvania
An 1888 Queen Anne Revival house in Versailles, a Craftsman bungalow in Denton and a split-level home in New Hope.
In the Hamptons, a Modern Home Fit for a Bond Villain
The interior designer who renovated the Southampton, N.Y., house indulged his obsessions: James Bond movies and modernism. And he did it on a budget.
$1.5 Million Homes in California
A midcentury-modern home in Walnut Creek, a Cape Cod-style house in Burbank and a 1925 Tudor Revival in Albany.
Real Estate Industry Lags Behind the #MeToo Movement
Most sexual harassment comes from potential clients, and agents say are vulnerable to abuse in an industry that offers few protections.
Community Land Trusts Are Working to Create New Homeowners
Born of the Civil Rights Movement, community land trusts are working to preserve neighborhoods and create new homeowners, from New York to California.
What’s the Best Way to Buy My Rental Condo From the Landlord?
Due diligence is required, but a private sale such as this can have advantages.
What to do in Denver in July 2023
July events going on around town!
July 12th-August 13th: Cirque du Soleil – KOOZA
Denver Real Estate News – July 2023
The Debt Ceiling Talks Affect Mortgage Rates
The May Denver real estate market showed a 2% decrease in prices compared to last year. Many sellers are hesitant to list their homes due to their incredibly low mortgage rates, resulting in limited supply. The number of sales saw a significant drop of 29% compared to May 2022, partly due to discussions surrounding the debt ceiling, which caused mortgage rates to increase (more risk in the market) and slowed buyer activity. This slowed demand, coupled with limited supply, kept prices mostly stable. Mortgage applications in May remained at around 10-year lows.
The average Days on Market (DOM) increased by 144% from last May. Although that sounds dramatic, it really amounts to going from 9 days on the market last May to 22 days now, so, it’s just taking an extra couple of extra weeks to sell a home. Active listings surged by 43% from the previous year, with 5,228 available. However, this is not as much inventory as we need to balance the market, or even tip it in buyers’ favor. For your reference, May has historically seen around 14,900 listings on average! The number of properties under contract decreased by 23% compared to the previous year, which signals that June will also be slower than is typical. Buyers typically had to offer a 0.5% price premium, a significant decrease from the 5.25% average premium seen at this time last year. Notably, 60% of sellers had to provide concessions to close deals, with rate buydowns being a significant factor. The market is expected to maintain a delicate balance of supply and demand throughout the year. Prices overall should be in the range of +/- 3%
(Info Source: DMAR (The Denver Metro Association of Realtors, Your Castle Real Estate Analysis)
The Modern Farmhouse Is Today’s McMansion. And It’s Here to Stay.
In a divided country, a clean look and a neutral color palette is the aesthetic comforting communities around the country.
How to Set an Outdoor Dining Table
The interior designer Young Huh offers a step-by-step guide to entertaining outdoors with playfulness and style.
How to Set an Outdoor Table
The interior designer Young Huh offers a step-by-step guide to entertaining outdoors with playfulness and style.
America’s House of the Moment
In a divided country, a clean look and a neutral color palette is the aesthetic comforting communities around the country.
Homes for Sale in Manhattan and Queens
This week’s properties are in Turtle Bay, on the Upper West Side and in Long Island City.
Homes for Sale in Connecticut and New York
This week’s properties are three-bedroom homes in Westport, Conn., and Sea Cliff, N.Y.
Mulling Manhattan One-Bedrooms: Prewar Charm or Modern Amenities?
A couple of longtime renters searched the West Side for a condo that could accommodate a comfortable work-from-home setup. Here’s what they found.
Home Prices Are Creeping Downward After Years of Inflation
Is the tiny change a pivotal moment in the housing market?
List Prices Are Creeping Downward After Years of Inflation
Is the tiny change a pivotal moment in the housing market?