Vail Real Estate Blog

Home Prices: The Difference 5 Years Makes

Posted by Matt Dannals on March 14, 2018 in No Category
The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years... read more
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Low Inventory Causes Home Prices to Maintain Fast Growth

Posted by Matt Dannals on November 06, 2017 in No Category
The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Unfortunately, the pace of ne... read more
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Why Sell Now Instead of Later? The Buyers are Out Now

Posted by Matt Dannals on November 02, 2017 in No Category
Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the curren... read more
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Thinking About Buying? Know Your Credit Score

Posted by Jennifer Coulson and Matt Dannals on November 01, 2017 in No Category
Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.' Many potential buyers believe that they need a 750 F... read more
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Moving-Up to a Luxury Home? Now’s the Time!

Posted by Jennifer Coulson and Matt Dannals on October 20, 2017 in No Category
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer which can eventually lead to ... read more
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