Real Estate Numbers are heading up-this can be both positive and negative depending on the category we are discussing!
Sales prices in Colorado Springs are moving up. In April the average selling price was 5% higher than a year ago - GOOD NEWS! Sale shave increased every month this year with respect to both units sold and percentage increase in demand. In April sales were up 12% over las year at this time - MORE GOOD NEWS! Other numbers are also increasing - foreclosure filings are up and the inventory of homes for sale is also up. For the first time in two years, there are more homes for sale now than there were at this same time one year ago.
Interest rates remain incredibly low (below 5%), and with very competitive pricing and a great inventory of available homes for sale, this market opportunity is unprecedented. If you've been sitting on the fence, it might be time to jump into the market - we think you'll be surprised at what your dollar can buy!
To see the breakdown of homes sold and listed in particular areas in Colorado Springs, go to our website at www.TyraAndColleen.com. Click on about us, and click up Market updates.
Thursday, May 20, 2010
Tuesday, May 18, 2010
Wednesday, May 5, 2010
Credit Inquiries and Credit Scores Information
When a consumer makes a credit inquiry for a mortgage, typically their credit score will drop approximately 5 points. All customers want the best rate and deal, but not at the expense of hurting their credit.
Many consumers are fearful to have a second or third lender pull their credit because it is thought that this would lower their credit score even more with each inquiry. This is not entirely true. To compensate for this, the 3 major credit bureaus (Experian, Trans Union and Equifax) ignore mortgage, auto, and student loan inquiries made within the 30 days of your initial inquiry. So, if you find a loan and a lender within 30 days, the inquiries won't affect your score while you're rate shopping.
For more information go to www.myfico.com/crediteducation/creditinquiries.aspx
Many consumers are fearful to have a second or third lender pull their credit because it is thought that this would lower their credit score even more with each inquiry. This is not entirely true. To compensate for this, the 3 major credit bureaus (Experian, Trans Union and Equifax) ignore mortgage, auto, and student loan inquiries made within the 30 days of your initial inquiry. So, if you find a loan and a lender within 30 days, the inquiries won't affect your score while you're rate shopping.
For more information go to www.myfico.com/crediteducation/creditinquiries.aspx
OPEN HOUSE Saturday, May 8th1 - 4 p.m.
Don't miss this beautifully cared for home in Fox Run! This incredibly light and bright home is surrounded by soaring pines and backs to open space and a trail which leads you to Fox Run Regional Park! All of this privacy and serenity with amazing Front Range and Pikes Peak Views! The impressive setting off the street and the obvious pride of ownership make this home truly special...
3 Bedrooms, 3 baths, 3 car garage
Offered at $424,900! See more at TyraAndColleen.com
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