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Friday, September 29, 2017   /   by Barbara Schlinker

Colorado Springs Area Ranked one of America's 20 Hottest Markets for Real Estate in September 2017

We've officially closed the books on summer, and the flurry of back-to-school sales and the Facebook posts featuring freshly scrubbed kids awkwardly posing for their big return to classes have finally subsided. So as September draws to a close, we're taking a look back at this transitional month through the lens of our own realtor.com® data—all the better to take a snapshot of what the housing market across the country is like today.
Turns out, the picture isn't a pretty one for many home buyers.
As the supply of homes for sale continues to decline year over year, homes are selling ever faster, and for ever-higher prices. Homes for sale are down by 14% from a year ago (when there was already a considerable decline in inventory from the year before).
The median time on market for properties in the local Pikes Peak MLS system in August is 24 days—meaning they're selling 4 days faster than this time last year. And that's with a med ...

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Monday, January 16, 2017   /   by Barbara Schlinker

Why Pre-Approval Should Be Your First Step

Why Pre-Approval Should Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

"It's highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets."

One of the many advantages of working with a ...

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Tuesday, November 29, 2016   /   by Barbara Schlinker

The 20 Hottest U.S. Real Estate Markets for November 2016

The 20 Hottest U.S. Real Estate Markets for November 2016
By Cicely Wedgeworth | Nov 23, 2016

San Diego: Orjan F. Ellingvag/Getty Images

While the nation is getting ready to digest massive amounts of turkey, the economic team at realtor.com® has digested a ton of data from our site for November. And though we’re a few days from the end of the month, we can go out on a limb and say it’ll be yet another month of record-low levels of housing supply, strong demand, and (not coincidentally) record-high prices.
The median list price looks to remain at $250,000 for a fourth straight month. That’s 9% higher than last year at this time, and sets a new record for November.
“After an eventful election, demand for real estate appears to be carrying momentum going into the holiday season,” says Javier Vivas, manager of economic research for realtor.com. “We  expect that to be put to the test, as mortgage ...

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Parker St. Claire Realty
Barbara Schlinker
7660 Goddard St, Suite 213
Colorado Springs, CO 80920

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