With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for […more]
Over the last year, we’ve come a long way. As we approach the next phase of normal, we are reminded […] The post Vail Valley by the Numbers: a look at Q1’s real estate performance appeared first on Colorado Real Estate Diary.
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Photo by Kevin P. Coughlin / Office of Governor Andrew M. Cuomo After nearly a week of speculation, Governor Cuomo announced that the state of New York will adopt the CDC’s new mask and social distancing guidance for fully vaccinated people. Effective May 19, those who have received the Covid-19 vaccine will not have to wear masks or maintain […more]
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Homeowners beware of insurance companies changing guidelines and cancelling your homeowner policy. Insurance companies are sending out inspectors to inspect your home and report any deficiencies. Typically, the insurance company will give you a window to correct the deficiency. If you do not, they will cancel your policy. Insurance companies are looking for ways to […more]
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Homebuilder confidence remained unchanged in the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report, holding steady at 83 for newly built single-family homes in May. The index gauging current sales conditions also remained unchanged at 88, as did the component measuring sales expectations in the next six months, […more]