Real Estate News, Statistics, Advice about Buying, Selling, Financing and Maintaining your Colorado Home.
Gone but not forgotten #RIP
Get link
Facebook
X
Pinterest
Email
Other Apps
I laughed so hard when I saw this picture. It has nothing to do with #RealEstate but if you have used the internet longer than 2 days I hope you will appreciate it as well.
"Option Arm" What You Need To Know Seems like we all want the latest and hottest "thing" these days, and even some mortgage loans are no exception. The lending industry seems intent on seeing everyone in America become a homeowner by introducing new adjustable rate loan products that give a false impression that home ownership is both cheap and affordable despite soaring home prices. Contrary to the good advice of many financial experts, more and more would-be and current homeowners are being lured into loans that can backfire and possibly even render you homeless in a few years if your income cannot keep pace with increasing monthly mortgage payments and a rising interest rate environment. One of these adjustable loan products introduced to the average consumer is the "Option ARM" home loan, also known by several names like "Pick-A-Pay Loan", the "Flex Pay Loan", "Flex Option ARM", and "Pay Option ARM", among others...
The long awaited IDXpro 3.0 is finally here, and sadly I am here to report that it is lagging behind many of the competitors in the market. I am speaking from my own experience using this system to search for homes in Metro Denver ( Metrolist MLS ). 1- Slow. The Search by map option is slow to say the least, in an attempt to show all the listings on the map, it takes 5-10 seconds for the map to populates (an eternity in Internet time), and every time the capture is changed the map has to go through the process of repopulating for another eternity. The advanced Home search function is not as friendly or as advanced as it should be: the search options are better than basic but they are still limited. 2- Subdivision search. This is one of the most important search features to both Realtors and Home buyers. This search option has two problems it did not have in version 2.3: This option has it's own page in the advanced search section eliminating the possibility of searching by city...
Household formation could soon be turning a corner, if young adults living with their parents started moving out to form their own households, according to a client note from Capital Economics. Household growth has been abnormally low at about a half a million since 2008. But growth is estimated to have risen to 1.7 million in 2014, up from 400,000 in 2014, according to the Census Bureau's latest Homeownership & Vacancy Survey. Read article - Realtor Magazine
On a recent trip on I-70 to evaluate some land for a client, I was confronted with sad but beautiful image of red forests stretching for miles across the hills. The image of a red "evergreen" contrasting against the green scenery is mesmerizing at first until you take a closer look at red death destroying millions of trees in Colorado. Beetle epidemics across the western United States are becoming more obvious every season with entire landscapes turning red and brown as trees die. In northwest Colorado the beetle epidemics, triggered by extended drought in aging forests, are intensifying at an alarming rate, and there is little that can be done to stop them. Actions can be taken to protect high value areas such as ski areas, developed campgrounds and trees in people’s yards. Hastening Death: Pine beetles carry a fungus on their body and legs. Once they enter the tree, the fungus multiplies and spreads. This blue stain fungus blocks the transport of water up the tree’s trunk ...
Comments