Home > Blogs > Bryon Self - Denver Rent to Own
20,621 views

Bryon Self - Denver Rent to Own

Your Denver Area Rent to Own Specialist

By Bryon Self | Agent in Castle Rock, CO
  • Castle Pines Homes News - Luxury Home Prices Flat

    Posted Under: Market Conditions in Castle Rock, Home Buying in Castle Rock, Home Selling in Castle Rock  |  May 16, 2012 12:42 PM  |  299 views  |  No comments
    Castle Pines Homes News - Prices for luxury homes in metro Denver have remained flat, but the overall market for homes priced $1 million and above is healthier and has been showing more activity than at the same point in 2011, according to a report Tuesday based onMetrolist Inc.’s    multiple listing service data.

    In April, 41 luxury homes and condos closed in metro Denver with a $64.2 million volume for all sales, according to Gary Bauer’s report. Bauer is an independent Littleton-based broker and Metrolist board member.

    “With a market like luxury homes, there are peaks and valleys every month,” Bauer said. “Overall, though, inventory is down and activity is consistent. Year-to-date we actually have more luxury homes closed on than we did last year.”

    The year-to-date $1 million-plus inventory stood at 596 homes, down 48 percent from the same time last year. There were only 62 luxury condos on the market, down 42 percent to the end of April 2011. Read More at BizJournals.com 


    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website. 
  • Castle Pines Homes News - Metro Home Prices Stabilizing

    Posted Under: Market Conditions in Castle Rock, Home Buying in Castle Rock, Home Selling in Castle Rock  |  May 15, 2012 7:35 AM  |  257 views  |  No comments
    Castle Pines Homes News - Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly reportby the National Association of Realtors®.

    The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas1 (MSAs) based on closings in the first quarter from the same quarter in 2011, while 72 areas had price declines.  In the fourth quarter of 2011 only 29 areas were showing gains from a year earlier.  A new breakout of income requirements on a metro basis shows most buyers have the necessary income to buy a home in their area, assuming a favorable credit rating.

    Lawrence Yun, NAR chief economist, said there is some volatility in the price performance.  “Home prices are more volatile than normal because of sudden upswings in buyer activity in some localities, and also are affected by the prevalence of distressed sales,” he said.  “Home prices lag sales activity because the transactions were negotiated mostly in the previous quarter.  Given the steadily dwindling supply of inventory and notably higher listing prices that are being negotiated today, prices are expected to show further improvements in the near future.” Read the full story at the Niche Report


    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website. 
  • Castle Pines Homes News - Bidding Wars Are BACK!

    Posted Under: Market Conditions in Castle Rock, Home Buying in Castle Rock, Home Selling in Castle Rock  |  April 27, 2012 5:30 PM  |  418 views  |  No comments
    Castle Pines Homes News - (Wall Street Journal) — A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.

    From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today’s are a result of supply shortages.

    “It’s a little surprising because we thought bidding wars were done with,” said Andy Aley, who is looking to buy his first home in Seattle’s Beacon Hill neighborhood. The 31-year-old attorney was outbid this year when he offered up to $23,000 above the $357,000 listing price and agreed to waive inspections and other closing conditions.

    Competitive bidding in the current environment isn’t producing huge price increases or leaving sellers with hefty profits, as occurred during the housing boom. Still, the bidding wars caused by tight inventory provide the latest evidence that housing demand is starting to pick up after a six-year-long slump.

    An index that measures the number of contracts signed to purchase previously owned homes rose in March to its highest level in nearly two years, up 12.8% from a year ago and 4.1% from February, the National Association of Realtors reported on Thursday.

    “We very much believe we’ve hit bottom,” said Ivy Zelman, chief executive of a research firm, who was among the first to warn of a downturn seven years ago. Earlier this week, she raised her home-price forecast for the year, calling for a 1% annual gain, up from a 1% decline. Read Full Article from WSJ

    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website. 

  • Castle Pines Homes News - Denver Market 2nd in Nation for Quick Sales

    Posted Under: General Area in Castle Rock, Home Buying in Castle Rock, Home Selling in Castle Rock  |  April 21, 2012 8:27 AM  |  579 views  |  No comments
    Castle Pines Homes News - New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook.

    Metro Denver's real estate market, not long ago a buyer's domain, suddenly has shifted to a seller's paradise, at least in some neighborhoods and price ranges.

    Realtors' offices are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers — some of them above the asking price.

    How fast is the market moving? A new report shows that Denver is No. 2 in the nation for the shortest length of time that a home is listed before being sold — 33 days — far below the national

    The Denver Post's reporters and editors offer news, analysis and commentary on the latest business, real estate, tourism, gambling and technology news in Colorado.

    median of 89 days. Read more: DenverPost.com 

    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 of visit the Castle Pines Homes website. 
  • Castle Pines Homes News - New Wave of Foreclosures to Hit Market

    Posted Under: Home Buying in Castle Rock, Home Selling in Castle Rock, Foreclosure in Castle Rock  |  April 18, 2012 9:52 AM  |  436 views  |  No comments

    Castle Pines Homes News -

    NEW YORK (CNNMoney) -- The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.

    The settlement, agreed to by the nation's five largest mortgage lenders, is expected to speed up the foreclosure process by providing stricter guidelines for the banks to follow when repossessing homes.

    The banks involved include Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Citibank (C, Fortune 500), Wells Fargo (WFC, Fortune 500) and Ally Financial.

    Many foreclosures have been in limbo since fall 2010 following the so-called robo-signing scandal, when banks allowed employees to sign off on thousands of foreclosure documents a month with little verification.

    Lenders hit the pause button on foreclosures because they "were afraid that anything they did would be under a microscope," said Eric Higgins, a professor of business at Kansas State University.

    As a result, borrowers who were seriously delinquent on their loans have been able to stay in their homes for months or even years without making a single payment. Nationwide, the average time it takes to foreclose on a home -- from the first missed payment to the final bank repossession -- stretched to 370 days during the first quarter, almost twice as long as it took five years ago, according to Daren Blomquist, the marketing director at RealtyTrac.

    In some states, delinquent borrowers have been squatting in their homes much longer. In Florida, the average time was 861 days, and in New York it was 1,056 days -- close to three years.

    "Perhaps a million foreclosures could have been pursued last year but weren't," said Rick Sharga, executive vice president for real estate investment company, Carrington Holdings.

    But that's all about to change, he said. "We're going to see an increase in the speed of foreclosures and a higher number of foreclosure starts."

    In fact, there are indications that the pace of foreclosures are already starting to pick up.

    While overall foreclosure activity was down during the first quarter, filings were up 10% in the 26 states where foreclosures must undergo court scrutiny, according to RealtyTrac. Source CNN.com

    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website.
  • Castle Pines Homes News - 15 Year Mortgage Hits All-Time Low

    Posted Under: General Area in Castle Rock, Home Buying in Castle Rock, Financing in Castle Rock  |  April 14, 2012 9:09 AM  |  525 views  |  No comments
    Castle Pines Homes News -  (Freddie Mac) — 4/12/2012 — today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates declining for the third consecutive week on the heels of a weaker than expected employment report. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11 percent breaking its previous low of 3.13 percent on March 8, 2012. Read the full story at theNicheReport.com

    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website. 
  • Castle Pines Homes News - Rents Up, Home Values Down

    Posted Under: Home Buying in Castle Rock, Home Selling in Castle Rock, Foreclosure in Castle Rock  |  April 12, 2012 6:54 PM  |  426 views  |  No comments
    Castle Pines Homes News -  Median rents rose 2 percent from February 2011 to February 2012, but home values continued to fall, declining 4.5 percent during that period, according to the February Zillow® Real Estate Market Reports. The Zillow Rent Index (ZRI) showed year-over-year gains for nearly 68 percent of metropolitan areas covered by the ZRI. By contrast, only 8 percent of metro areas covered by the Zillow Home Value Index saw home values rise.

    The rental market remains strong, especially in areas that continue to experience consistent home value declines. Chicago metro rents, for example, increased 8.6 percent over the past year, in comparison to an 11 percent fall in home values over the same period. In the Philadelphia metro, rents are up 14.8 percent annually while home values have fallen 5.4 percent year-over-year. Read the full story at theNicheReport.com

    For more information on Castle Pines Homes, contact your Castle Pines Homes expert Bryon Self at 303.990.9320 or visit the Castle Pines Homes website. 

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer