You have hit on a topic that is near and dear to my heart. Home-ownership enhances neighborhoods, improves schools, lowers crime and you are correct. It creates a sense of civic pride when residents have “skin in the game”. As you know, we average around 65% of households in the US are owner occupied, but did you know that in the days before WWII, home ownership fell to as low as 33% in Germany?
We hear a lot of debate about the mortgage interest deduction, but this is clearly a social program that enhances the lives of so many, how can it be considered a “loop hole” or a “tax dodge”. Home ownership is a cornerstone of America’s economic health, and let’s face it, the home sale market is the swizzle stick in the cocktail of America’s Economy! Thanks for your contribution this month Joe!
“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.” This was a quote from President George Bush proclamation in 2002 when he proclaimed June as National Homeownership Month.
As the housing market has become a positive note in America’s economy today especially Colorado’s economy, National Homeownership month is a great reminder of the work the real estate industry does to give Americans the opportunity of achieving the American dream of owning a home. With inventory rising, it’s a great time to remind renters the benefits of owning a home of their own.
Land Title provides the tools to help you reach new potential home buyers as well as information on how to protect their most important investment. Contact me today to find out how Land Title can help.
Here’s to making dreams happen in June!
May – 2013 Real Estate Market Stats
Entire MLS (All Areas)
- 20.5% increase in the number of closed sales year-over-year
- 21.2% increase in the number of closed sales year to date
- 37.2% decrease in average days on market (49 days in May)
- 22.6% decrease in active listings
- 21.9% increase in new listings
- 9.1% increase in average price – sold ($335,776 in May)
- 31.3% increase in number of closed sales year-over-year
- 23.85% increase in number of closed sales year to date
- 43.2% decrease in average days on market (46 days in May)
- 21.7% decrease in number of active listings
- 33% increase in number of new listings
- 10.8% increase in average price – sold ($198,612 in May)
Click here for Full report of entire MLS
For individual MLS area reports, please scroll to the bottom of the eNewsletter.
As of May 20th, some of Land Title’s rates have increased. We have updated the rate cards on our website to reflect these changes as well as our online calculator. Our residential rate calculator is available anytime at www.ltgc.com. It features selection tools reflecting the New 2013 Contract options on Who Pays for the Title Policy, Closing Costs and Owner’s Extended Coverage.
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Inside Real Estate News
Did you know that Land Title is one of the sponsors of one of Denver’s top real estate news sites? Every day you can find breaking news occurring in the Denver real estate market.
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Get a first look at the latest article on Inside Real Estate News featuring a report that Land Title’s account manager Jesse Hamilton put together on the trends in sales on condos in Downtown Denver. Click here for the article.
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In The News
Stay on top of the pulse of the real estate market with weekly compilations of local and national news articles concerning the real estate industry.
Click here for a PDF version.
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Topic of the Month: Are You Wildfire Ready?
Last year, almost $450 million dollars in claims were filed due to wildfires across Colorado. Many homeowners do not have a home inventory put together of their personal items in case tragedy does strike. This month’s bulletin gives some helpful hints on what you should do to prepare your household for fire season. Click here for the article.
MLS All Areas:
All Areas in one consolidated report
(Includes – Castle Rock, Larkspur, Sedalia, Palmer Lake, part of Littleton)
Douglas Elbert Parker – DEP
(Includes – Parker, Elizabeth, Franktown, Kiowa, Elbert, Deer Trail, Simla)
(Includes – Highlands Ranch, Lone Tree)
South Suburban East – SSE
Based on Information from Metrolist, Inc. for the period Jan 2009 through present. Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.