U.S. News and World Report just ranked Denver the #2 city in the country

U.S. News and World Report just ranked Denver the #2 city in the country to live in for 2017, down from our #1 spot in 2016. They based their rankings on these factors-value of living there, quality of life, job market health, desire to live there from online surveys, and the number of people moving here.
 
Hired, a job network for tech companies and job seekers, just ranked Denver the 2nd best city in the country for tech employees. Why? A strong focus on work-life balance in Denver was mentioned.
Penske, the truck-rental company, said Denver was the 4th most popular city in the country for 1 way moving destinations last year, up from #6 in 2015.

Housing Market Minute

Housing Market Minute

Housing Market Minute – Feb. 2, 2017

 Housing Market Min

The Fed met yesterday,as expected there was no rate increase for now. The Fed has said it expects to raise rates 3 times this year.
The average sales price for January single family detached homes came to $425,054. and $284,788 for Condos and Townhomes.
( Data provided from REColorado for Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
We will be hosting an Open House this Sunday Feb. 5 from 11:30 – 3:30
4890 S. Inca St. Englewood Colorado for more details and pictures click here.

4 Kitchen Features of the Future

Today’s modern kitchens may include seamless appliances, lavish amenities and stylish upgrades, but they’re still a far cry from the new technologies companies are developing. Here are a few of the cool features that could make it into your kitchen in the years to come.

Smart appliances: Appliances are beginning to incorporate technology that provides added convenience in ways we’ve not experienced before. For example, Samsung’s revolutionary new Family Hub refrigerator, available now, features a Wi-Fi touch screen that syncs family calendars and displays digital notes and texts. Unsure if you should grab milk while you’re at the store? Built-in cameras capture fridge contents so you can double-check with ease.

Touch-screen hubs: Touch screens aren’t just for appliances. At the 2016 Consumer Electronics Show, Whirlpool imagined one as a kitchen backsplash that serves as a hub for the entire house. The screen recognizes each family member and displays a personalized calendar with daily tasks and appointments. It can even harness GPS to track the arrival of the morning bus.

Visible food storage: IKEA’s 2025 concept kitchen includes pantry shelves that cool glass storage containers, keeping food visible so you always know what’s on hand. The sink’s built-in composter squeezes the water out of fruit peels and other organic matter and then presses it into an odorless puck.

Intelligent cooktops: IKEA’s concept kitchen also features a smart table that serves as a prep surface and cooktop in one. Place ingredients on the table for recipe suggestions. Then use the built-in scales to measure ingredients and the embedded coils to heat individual pots, leaving the rest of the surface cool to the touch.

Whether you buy a high-tech fridge that helps to keep your family on schedule or another forward-thinking upgrade, the kitchen of the future will have some fun and useful features.

Thanks for reading. I look forward to connecting with you soon!

Hottest Denver Neighborhoods in 2016 and 2017

Redfin recently ranked our country’s 50 most competitive neighborhoods to buy a home in 2016. Metro Denver had 7 of the 30 most competitive and 10 of the top 50. The most competitive neighborhoods have these characteristics-

  • Fewer median days on the market.
  • Higher average sale-to-list price ratio
  • Home price appreciation
  • Higher percentage of homes sold for all cash
  • Homes for more than their asking price

So, here is the 2016 list for metro Denver-

  • #8–Lakeside near Sloan’s Lake
  • #12-West Pleasant View in Golden
  • #13-College View in Denver
  • #14-Hoffman Town in Aurora
  • #17-Highline Villages in Aurora
  • #23-Union Square in Lakewood
  • #27-Horseshoe Park in Aurora
Here is Redfin’s 2017 list for hottest neighborhoods in Denver-
  • #9-Greenfield in SE Aurora
  • Also highly ranked were Old Town Arvada and Athmar Park in SW Denver.

Real Estate Market Tighter

As of January 4th, 72% of the single family detached homes priced under $460k were under contract!!!  For homes priced under $350k, 79% of them are under contract! WOW!!!  Our market only continues to get tighter and tighter. Thus, prices can only go up, up, up!
If the Real Estate market was a Super Market here is an analogy for what a super market would look like…..imagine walking into King Soopers and 79% or 4/5 of the aisles are closed off because the stores’ shelves are bare. Basically, only the ends of the stores have anything to sell. Thus, only the bakery, the butcher and the produce sections are open. If you want soup, cereal, pasta, frozen food, condiments, milk, butter, cookies, chips, paper towels, etc. the store is out of inventory and there is no ETA for delivery by truck of any of these items. That’s what our real estate market is like.
(by: Lonnie Glessner)

HUD Lowers FHA MIP by a Quarter Point

Mortgage insurance premiums on FHA-backed loans will be lower by 25 basis points on loans endorsed starting January 27, the federal government announced today.

“After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” Julian Castro, secretary of the U.S. Department of Housing and Urban Development, announced today.

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Housing Market Minute – Dec. 2, 2016

Housing Market Minute

Housing Market Minute

  • In the Denver Metro area the average sale price in November was $384,858 a 2% increase from October. This includes both single family attached and detached homes.
    ( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
  • Regardless of increasing prices, pending home sales continued to rise in October. Demand remains strong and inventory remains tight across much of the nation.
  • Construction spending in October increased to a 7-month high, driven by the residential sector. Overall, combined spending was up 3.4% over the previous year.

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