Highlights: RealtyTrac releases November report. RealtyTrac finds Colorado prices higher than the overall U.S. RealtyTrac reports short sales account for only 1.5% of sales in Colorado. The median price of a home sold in the Denver area was $257,000 in November, 7 percent higher than in November 2013, according to a national RealtyTrac report released today. John RebchookJohn Rebchook has…
“It is supply and demand,” Anthony Rael.
“Lower and middle-income people aren’t often buying with cash,” Ryan McMaken
“All of the active listings on the market are not distressed,” Peter Niederman.
“Many just got caught in a bad spot at the wrong time,” Dan Polimino.
Arguably, Colorado’s foreclosure crisis is over
“By front-loading the mortgage relief, the settlement is helping stabilize the housing market in nationally and in Colorado,” John Suthers.
“If housing can stay on the road to recovery, it’s possible that it can pull the rest of the economy along with it,” Dave Liniger.
“In normal times, most of us would never consider forgiving unpaid tax bills, but these are not normal times,” Dave Liniger
By Oliver E. Frascona Special to InsideRealEstateNews A review of the Short Sale Addendum to the Buy/Sell Contact, Section 8.4, is needed to properly follow MLS rules. It also is a broker’s fiduciary duties to the seller and buyer. John RebchookJohn Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the…