As the nation braces for a recession as a result of COVID-19, the real estate market is in limbo. During times of economic uncertainty, huge swaths of potential buyers will choose to delay purchasing plans until there is more financial stability.
Real Estate
“Recession” Does Not Equal “Housing Crisis”
As it appears we are heading into a recession, what does that mean for home values? The 2008 recession was caused in part by a housing and mortgage crisis resulting in significant home value declines. However, in many U.S. recessions home values actually
How’s the Market? Showings Currently Halted
This is one of the most challenging times to answer the question: “How’s the Market?”. First, let’s address the strong results through the end of March. Total sales volume in Routt County was $133M, up from $113M through the same time last year.
We Are Here For You
In a constantly changing world, Colorado Group Reality is always adapting and developing new ways to serve our clients. Please read below as to how we have altered our processes during COVID-19.
Real Estate Showings During COVID-19
With the recent COVID-19 concerns, showing your home to prospective buyers has become a bit difficult. Agents at Colorado Group Realty have many options for showing your home without the buyer actually entering your home.
How’s the Market? Coronavirus in Routt County
As the Coronavirus spreads and worldwide fears escalate, leading to massive global economic changes and a bear market (a decline of 20% or more in the stock market), it remains to be seen how the local real estate market will be impacted.
Proposed Tax Bill Threatens Buoyant Property Market
A bill introduced in the Colorado Senate to change short-term rental properties from a residential tax rate of 7% to a commercial rate of 29% has ignited a firestorm of debate throughout the state.
New Property Developments on the Market
There are 6 property developments currently on the market in Steamboat Springs. We’ve included a short description of each below.
How’s the Market? Real Estate Activity in January was Booming!
As Steamboaters reveled in the Winter Carnival glow of watching the world’s largest firework explode, real estate activity in January was also booming.
2019 Real Estate Market Sets Record for Steamboat
2019 real estate market sets record for Steamboat and forecast for 2020
Fox Springs: Steamboat’s Newest Condominium Neighborhood
Next month, the first residents at Fox Springs, Steamboat Springs’ newest condominium development, will be moving into their homes.
How’s the Market? 2020 in Steamboat Springs, CO
For most of 2019, real estate sales volume in Steamboat was lagging behind the rather large numbers posted in 2018. A supercharged last two months of 2019 changed that by pushing annual total sales volume in Steamboat to $788M, up 6% from 2018.