According to research published this month from online real estate brokerage Redfin (RDFN), lower housing costs in red states have driven the trend: The average home price in counties that have tended to vote more for Democrats was $346,000 in August. Houses in red counties had an average price of $209,000. … [Read more...] about Biden could benefit from the exodus to suburbs
Redfin
Realtor group settles with DOJ in effort to make broker fees clearer to home buyers
"Buyer's agents are going to have to start telling their buyers 'This commission doesn't pay me enough money for the services I offer, let's have an upfront conversation about what I charge,'" said Glenn Kelman, chief executive of Redfin. "And if you're delivering premium service, and want to charge a higher fee, say so. If you are more efficient and can lower your fee, that should also be intelligible to the consumer." … [Read more...] about Realtor group settles with DOJ in effort to make broker fees clearer to home buyers
Report: Denver Housing Market Second Hottest In The Country
According to Redfin, Hess received 22 offers on a single-family home in Thornton. The person who ended up getting the home paid $35,000 more than the asking price, $410,000. Agents say the buyer also waived their appraisal contingency. … [Read more...] about Report: Denver Housing Market Second Hottest In The Country
Post Premium: Top stories for the week of Dec. 21-27
18 Douglas County restaurants resume in-person dining after receiving Five Star program approval $64,000 air ambulance tab highlights limitation of Colorado surprise billing law When a doctor told Toni Stammler her 4-week-old son Milo needed urgent surgery because only one of his lungs was functioning, there was barely time to pack a bag — let alone try to shop around. … [Read more...] about Post Premium: Top stories for the week of Dec. 21-27
Once the king, cash losing a little cachet when it comes to buying a Denver home
They typically have wanted a discount in return for a quicker and less complicated purchase. But in the current market, sellers who aren’t under contract in the first week, if not the first few days, have missed the mark in pricing a home, Rael said. Listings are turning over so quickly in hot markets like Denver that more sellers realize if they can wait an extra couple of weeks, it could net them $10,000 or $15,000 more. … [Read more...] about Once the king, cash losing a little cachet when it comes to buying a Denver home
