Market Report: June 1, 2023

Market Report: June 1, 2023

The real estate market in Summit is slow. Of note, May only had 66 closings. Only one month since January of 2015 was less and that was January 2023 at 60 closings. Wow is all I can say about that.  In the last 30 days 85 properties in Summit have gone under contract....
ARE MORTGAGE FEE SHIFTS A NEW FORM OF SOCIALISM?

ARE MORTGAGE FEE SHIFTS A NEW FORM OF SOCIALISM?

In a move by the Biden administration, high-credit borrowers are essentially subsidizing lower-credit buyers. How is this even possible you may ask? I’ve collected a few articles below for your information along with commentary from one of my preferred lenders. From...
New Tax Assessments: You May Want to Sit Down For This…

New Tax Assessments: You May Want to Sit Down For This…

This year, 2023, is a reappraisal year in Colorado. Colorado property owners have most likely already received their new valuations. In Summit County, those valuations are 60-70% higher than two years ago! Most Denver metro areas are seeing around 30-40% increases....