Coldwell Banker Durango Area Real Estate Blog

Today’s Real Estate Market Explained Through 4 Key Trends

Posted by Jacqueline Styons on July 26, 2021 in  uncategorized
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly... Readmore

Diving Deep into Today’s Biggest Buyer Concerns

Posted by Inactive Carrie Di Pilato on July 23, 2021 in  uncategorized
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains: “Consumers also continued t... Readmore

Housing Supply Is Rising. What Does That Mean for You?

Posted by Inactive Carrie Di Pilato on July 22, 2021 in  uncategorized
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit a bottom (we’ve seen this in the higher frequency data as well). Unsold inventory in May was at 2.5 months supply, up from 2.4.” ... Readmore

5 Summer Activities in and Around Durango

Written By April Bates
Posted by Inactive Georgiana Rose Hallock on July 21, 2021 in  uncategorized
What’s that? Only 5? Impossible! Durango is full of outdoor adventure and activities; how do I narrow my list down to “5 Summer Activities Not to be Missed in Durango”? The jig is up, Durango was founded and known for our local railroad, the Durango Silverton Narrow Gauge Railroad, and both visitors and locals love our train. But apart from riding the rail, let me dive into other activities our town offers in the summer months. In no particular order, here it goes! 1. Lake Nighthorse Day PassFork ... Readmore

4 Major Incentives To Sell This Summer

Posted by Inactive Carrie Di Pilato on July 21, 2021 in  uncategorized
While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the right time to make a move. 1. Your House Will Likely Sell Quickly According to the most recent Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly. The report notes homes are selling in an average of ... Readmore
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