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324 Articles Found

Happy Veterans Day from Turner Associates! Check Out these Deals for Active-Duty Military Members & Veterans in Colorado Springs!

Friday, November 10, 2017

Tags:  Turner Associates, Veteran's Day

This Saturday, November 11th, is when we take time to honor the veterans and soldiers of this country who have made great sacrifices to protect the citizens and ideologies of America. On this day in 1919, President Woodrow Wilson issued a message to his countrymen on the first Armistice Day expressing his pride and respect for the American soldiers who fought for victory in World War I. On June 1st, 1945, Veterans Day became an official holiday to honor all members of the military.

Several restaurants throughout the country will have special deals throughout the weekend for veterans and those actively in service. We have decided to put together a list of chain restaurants throughout Colorado Springs and beyond that will have specials from November 10-13:

FRIDAY, NOV. 10

- IHOP is offering free red, white and blue pancakes from 7 a.m. to 7 p.m. ihop.com

SATURDAY, NOV. 11

- Applebee's is offering a free meal from a limited menu. applebees.com/veterans-day-free-meals.

- Bonefish Grill is offering free Bang Bang Shrimp.

- California Pizza Kitchen is offering a free entrée from a limited menu. cpk.com/veteransday

- Carrabba's Italian Grill is offering a free appetizer.

- Chili's is offering a free entrée from a limited menu.

- Chuck E Cheese is offering a free personal one-topping pizza. chuckecheese.com/deals-offers/military-family-discounts.

- Cracker Barrel is offering a free slice of Double Chocolate Fudge Coca-Cola Cake. crackerbarrel.com/newsroom.

- Dunkin' Donuts is offering a free donut.

- Freddy's is offering a free combo meal or a coupon for a free combo meal to use anytime this month.

- Hooters is offering a free dish from a limited menu with the purchase of a drink. facebook.com/pg/hooters.

- Little Caesars is offering a free $5 Hot-N-Ready lunch combo from 11 a.m. to 2 p.m.

- Olive Garden is offering a free entrée from a limited menu.

- Outback Steakhouse is offering a free Bloomin' Onion and non-alcoholic beverage. (Outback also is offering 20 percent off checks from Sunday through Dec 31.)

- Red Lobster is offering a free appetizer or dessert from a limited menu. redlobster.com/news-press/press/article

- Red Robin is offering a free Red's Tavern Double Burger with bottomless steak fries. redrobin.com/veterans-day

- Texas Roadhouse is offering a free lunch from a limited menu. texasroadhouse.com/landing-pages/veterans-day

- Village Inn is offering a free Inn-Credible V.I.B Breakfast. villageinn.com/veteransday

MONDAY, NOV. 13

- Golden Corral is offering a free dinner from 5 p.m. to 9 p.m. facebook.com/goldencorral

ALSO…

Free Admission - Colorado Parks and Wildlife honors veterans and active duty members of the military, military reserve and National Guard with free admission to any Colorado state park for Veterans. Military ID required; More details here.

Find the veteran in your life and take them out for a special treat! We would like to remind all readers that at Turner Associates, we take special care of military members moving to the Denver or Colorado Springs area. If you are an Air Force, Army, Navy or Department of Defense family, please talk to one of our talented agents for free professional real estate advice. Mention this article and Turner Associates will provide a military or DOD commission credit to you upon closing should you become our client! Amount of credit is dependent upon purchase price and exceeds the amount by the USAA mover’s advantage program! We understand the stress constantly moving due to military obligations can put on a family, and we want to do our best to make the transition as smooth as possible. We also have extensive experience with the DNRP (DOD National Relocation Program) offered to Department of Defense employees and their families in El Paso County.

We thank all veterans and military members for their part in protecting this country, and wish all of you a Happy Veterans Day!

 

The Top Ten Traits that Make a GREAT Real Estate Agent

Wednesday, October 11, 2017

Tags:  real estate, agent, Turner Associates

Here at Turner Associates, we pride ourselves in having one of the best real estate teams in the country. Our dedication to clients is unparalleled, and we will do whatever it takes to make sure everyone involved in each real estate transaction is satisfied. Therefore, we thought it would be great to let our readers know what qualities they should be looking for in a real estate agent. Whether you are buying or selling your home, or potentially considering joining the outstanding Turner Associates team, read this Top Ten list of expert real estate agent qualities and make sure you are making a smart decision when choosing your agent!

10. They Are Great Problem Solvers

The ideal agent will not be daunted by issues that may arise during the real estate process. They will think outside of the box to ensure their clients’ happiness. Whether this involves great negotiating skills or finding a creative way to market a listing to attract the right buyer, the agent believes that every problem has a solution.

9. They Have Proof

It is said that the best predictor of future behavior is past experience. The best real estate agents will not be afraid to provide potential clients with references from those they have worked with in the past. Testimonials are a surefire way to truly gauge your agent’s abilities.

8. They Pay Attention

A great real estate agent pays attention to details as soon as they meet their prospective client. They find out what exactly their client is hoping to get out of the transaction, their current and future needs, motivation for buying and selling, etc. Additionally, they will communicate and follow up with their client as needed.

7. They Have Integrity

To have a long and successful real estate career, it is crucial that real estate agents remain honest and full of integrity. High ethical standards are key, and this should translate not only to their real estate profession, but their life outside of work.

6. They Are Proactive

Real estate agents should be hardworking and self-motivated. They pursue all leads, call potential buyers, and stay on top of their customer’s needs through clear communication. They are highly client motivated and have a strong desire to create a prosperous professional destiny.

5. They Understand The Local Housing Market

Every housing market has its own unique trends, distinctions, and pricing strategy. The top real estate agents have done their research and act accordingly! Make sure your agent consistently stays aware of the local market and is able to identify a way that allows the client to stand out from the competition.

4. They Are Good Listeners

If you find yourself talking to an agent that won’t let you get a word in, RUN! The best agents make sure they ask their clients a plethora of questions and pay close attention to the answers. An agent who does not respect the thoughts and opinions of their client will not see long-term success.

3. They Have A Genuine Passion For The Industry

When a real estate agent truly loves what they do, it shows in their work. They will constantly work to build their professional relationships and continue their knowledge and education in real estate. Clients will see that they care about the industry, and ultimately, their needs.

2. They Have Strong Network Connections

Being effective in real estate truly means mastering the art of networking and making solid connections. These include connections with other real estate agents and brokers, potential buyers, sellers, and investors, and other important players in the industry such as appraisers, home inspectors, and mortgage loan officers. Having a well-rounded portfolio of connections will help agents assist their clients in a variety of different areas.

1. They Can Communicate

We have stressed this point throughout the blog and we will say it again: communication is key! The real estate market is time sensitive, and being able to get in touch with your agent is essential! At Turner Associates we actually conducted our own intense research and found that the biggest complaint of clients (prior to working with us of course) was not being able to access their agents! We use all technology (smartphones, laptops, iPads, etc.) to stay available to our clients at all times. Giving clients the answers they need NOW is the golden rule of our business!

Ready to choose a Turner Associate agent for your real estate needs or think you have what it takes to join our team! Then contact us today!

 

Tax Breaks for Homeowners?

Friday, September 15, 2017

Tags:  real estate, agent, Turner Associates

If you own a home and are looking to save on your taxes, or if you’re considering buying a home in 2017 and trying to see if you can afford it, here are five valuable deductions that you may be able to claim if you’re a homeowner:

Mortgage Interest

The interest paid on a home loan is typically the largest potential deduction for most middle-class Americans. For instance, a 30-year mortgage on a $300,000 at current rates will cost you more than $12,000 in interest payments your first year. If you happen to own a second home, too, you can also deduct the mortgage interest on that, as long as it’s not a rental property.

Points

If you recently purchased a home but paid “points” to the bank in order to get a better rate, that expense could be tax deductible in the year you paid them. A point is typically 1% of your loan amount so, on that $300,000 home, you would receive a $3,000 tax break for paying down one point. Points on refinance loans and home equity loans are also deductible, but must be spread over the life of the loan instead of all in one year’s return.

Energy credits

If you invest money to improve the energy efficiency of your home, you may qualify for a tax credit. A tax credit can be more impactful than a deduction, because they are dollar-for-dollar credit against the taxes you owe. For instance, if you’re in the 28% tax bracket, then a $1,000 deduction lowers your tax bill only $280, while a credit lowers your tax bill by $1,000 regardless of your effective tax rate. There are limits on energy credits depending on what you purchased, but the dollar-for-dollar savings can make them valuable.

Property taxes

Property taxes owed on your primary residence may deductible as well, and can add up quickly depending on where you live. Deducting a large local tax bill can save you a significant amount on your federal return.

Casualty losses

If you suffered property damage and weren’t reimbursed by an insurance company for repairs, you may be eligible for a deduction. Whether it’s flooding or a fallen tree, damage to your home can cost you thousands of dollars. Your casualty losses must exceed 10% of your adjusted gross income (i.e. not small repairs), but if so, you may be able to deduct this expense.

This information is not to be construed as tax or legal advice. For additional information, please visit source material at http://www.bankrate.com/finance/taxes/home-sweet-homeowner-tax-breaks-1.aspx

 

How Is Denver’s Real Estate Market Still on Fire? The Answer is as Simple as Supply and Demand

Friday, August 04, 2017

Tags:  real estate, agent, Turner Associates

As one of Denver’s leading real estate agencies, it is our job here at Turner Associates to stay on top of the ever-changing real estate market, which has had its share of twists and turns the past couple years. However, one thing seems to remain consistent: People want to live in Denver. The Denver housing market continues to skyrocket, bucking the downward trend that seems to be affecting some real estate markets nationwide. But why? The answer comes down to supply and demand. We’ll explain:

Interest in Denver is High. Inventory in Denver is Low.

An investigation of Denver real estate trends over the years shows that Denver is seven years past its downturn. This simply means that Denver market peaked, then was down for a couple years, and for the past seven years has been making a comeback due to high demand/interest in the metro Denver area. Denver is an incredibly popular place to live, especially amongst young people. This increasing demand has put a strain on housing inventory. Even though more building is now being done in Denver than it was during the downturn, it is still a struggle to keep up with the huge demand.

Why Don’t Builders Just…Build More?

When looking at new properties to build, the builders must first weigh out the costs, and decide what will be the most cost-effective approach. Builders often cite that it is difficult to get loans and they simply can’t build housing that the average person would consider affordable. This results in lots of luxury building which gives builders a larger profit. Therefore, the demand for affordable housing/building is not getting satisfied.

What Advice Do You have for Potential Buyers?

Take a look at multiple options. If you are trying to save money consider getting a two bedroom home instead of a three bedroom, or possible buying a fixer upper. Perhaps saving your money for longer than planned, then being able to put more money down on a house will be your best option. Ultimately, make sure you are investing your money wisely, and keep in mind that the popularity of living in Denver is one real estate trend that shows no signs of slowing down.

Don’t be afraid of Denver real estate supply and demand!Contact Turner Associates and we’ll do our best to find you a great Denver property that will make your wallet happy!

 

Ready to Challenge that Property Tax Assessment? Here’s How to Appeal a Property Tax Evaluation and WIN

Friday, July 21, 2017

Tags:  real estate, agent, Turner Associates

Interesting fact: According to the National Taxpayers Union, between 30-60% of taxable property in the U.S. is over-assessed. Even more alarming, it’s usually the middle income taxpayers’ properties that are most often over-assessed, yet fewer than 5% challenge the assessment.

Here at Turner Associates, we strive to provide homeowners and future homeowners with useful information that will benefit them in their everyday lives. In this blog, we outline the steps needed to file a property tax appeal and ultimately win. Use this knowledge to keep both your mind and wallet happy!

Step 1: Be Informed! Familiarize Yourself with the Appeal Process in Your State

This sets the foundation for how the rest of the process will flow. Every state has different deadlines, procedures, and protocol when filing an appeal, so it is important to gather as much information as possible before you embark on this journey.

Step 2: Weigh the Costs

As with most things in life, filing a property tax appeal is not free. Homeowners can expect to pay anywhere from $300 to $750 for an appeal based on a variety of factors, such as complexity of the project, the market, and the appraiser’s experience level. Additionally, if the appeal goes to the superior court, expect to pay a couple hundred dollars more.

Step 3: Keep EVERYTHING

Keep all assessment records and do your homework. Compare the records to your purchase price and comparable properties that have recently sold. Find out if your county has an online program where you can see the assessments on all of the properties in the county.

Step 4: Comply with All State Laws, Deadlines, and Procedures

To stay one step ahead of the game, make sure you contact local taxing authorities in advance of the deadline for appeals and be prepared to present all necessary documentation. Remember that the time frame to appeal is brief, anywhere from 15 to 45 days from the assessment date. Also, chances are you will only get 1 shot per year to file your property tax appeal, so make sure you’re ready!

Step 5: Work Outside the System

Homeowners can improve their chances of appealing their property tax assessment by hiring a certified independent appraiser. Having a third-party expert provide a credible, reliable opinion of the home’s value can help when it’s time to present the appraisal report to the local assessor. And since the end goal is to win, every tool in your arsenal helps!

Looking into Colorado Springs or Denver real estate? Then contact Turner Associates and we’ll give you all of the information you need!

 

Welcome to Castle Rock, One of Colorado’s Best Kept Secrets!

Monday, June 26, 2017

Tags:  real estate, agent, Turner Associates

Located midway between Denver and Colorado Springs is the breathtakingly beautiful town of Castle Rock, full of gorgeous scenery, perfect weather, competitive schools, and a variety of fun activities! The ideal haven for outdoor enthusiast, this charming town has an ideal location along the front range of the glorious Rocky Mountains with an elevation of 6,202 feet above sea level. Just imagine being able to wake up every day to mild temperatures, rolling hills, buttes, mesas, lush greenery, and nature trails at every turn. Castle Rock is perfect for those love to be active, want peace of mind knowing their children can play safely in neighborhood parks, and enjoy living amongst some of the friendliest people around!

Castle Rock is not just unbelievable scenery at every turn (although we must admit, that is a MAJOR plus!). This community is one of the fastest growing communities in the nation, thanks to an upsurge in a variety of real estate projects, including steady growth in national retail chains, restaurants, and hotels, to the delight of both tourists and residents. The shopaholic in your family will surely appreciate The Outlets at Castle Rock, Colorado’s largest outlet mall in the state, and the perfect place to shop until you drop! Those who appreciate a more boutique shopping experience must take time to explore Historic downtown Castle Rock which is full of unique designer boutiques, specialty shops, coffee houses, and delightful restaurants! Grab the whole family and make a day of it!

As we pointed out earlier, Castle Rock is truly the PERFECT place for outdoor enthusiast. Boasting over 400 acres of state parks, canyons, and other open spaces for climbing, biking, and other outdoor recreation. Castlewood Canyon has a variety of hiking trails ranging from .5 to 4 miles, and pets are even welcome on many of the trails. Are you a thrill seeker? Castle Rock Zip Line Tours course features 10 electrifying zip lines that will have you soaring at speeds of up to 50 mph!

It looks like the secret is out! Castle Rock is a great place to call home. We are especially excited for the upcoming Castle Rock WineFest on Saturday, July 15th. Should be a great time! Please contact us atinfo@turnercoloradohomes.com or 719-244-3645 for our Colorado Springs office and 303-895-9002 for the Denver office. We look forward to helping you find the best property for you in this booming town!

 

Cherry Creek has Peaceful Parks, Gorgeous Views, and Fabulous Shopping!

Friday, May 19, 2017

Tags:  real estate, agent, Turner Associates

Attention fashionistas! If you haven’t experienced everything that Cherry Creek, Colorado has to offer, then you are missing out on one of the biggest fashion mecca’s in the world!

Cherry Creek is a neighborhood of Denver filled with tree-lined streets, beautiful parks, and refreshing Colorado sunshine. Located only minutes from the downtown area, it also boasts some of the largest and most diverse shopping from Chicago to San Francisco, with an impressive collection of art galleries, independently owned boutiques, international fashion brands, and some of the most delicious locally sourced cuisine highlighted at a variety of fine-dining establishments. To sum it up, it is 16 blocks of artistic, unique, indulgent, taste-bud satisfying bliss! These 16 blocks are actually the largest gathering of independently owned shops in the U.S. Fulfill your inner shopaholic with one-of-a-kind clothing boutiques containing hand-selected fashion pieces from local and international designers to cookware and home furnishing stores. Cherry Creek is also home to Cherry Creek Shopping Center, an indoor mall with over 160 stores, including Nordstrom, Neiman Marcus, Coach, Tiffany & CO., H&M, Lacoste and many more. All of that shopping will work up your appetite! Cherry Creek offers a variety of dining options, and is known for its organic and locally sourced cuisine. Options such as True Food Kitchen and Barolo Grill not only support a healthy living lifestyle, but also support local farms.

Cherry Creek (specifically Cherry Creek North) is also known for the Cherry Creek Arts Festival. Taking place in July, this 3-day festival celebrates all things art, including visual, culinary and performing arts. Exhibits, demonstrations and interactive family activities entertain a crowd of over 350,000 people during the weekend extravaganza. Other popular events in Cherry Creek include a giant annual sidewalk sale in July and the Cherry Creek North Food & Wine Festival in August. Make sure to stock up on some of the best, freshest produce in the country at the popular Cherry Creek Farmers’ Market sets up on Saturdays during the summer and early fall.

Of course, it wouldn’t be a charming Colorado town without spectacular outdoor spaces and parks that highlight this neighborhoods natural beauty. Spend an afternoon at the Cherry Creek Trail, 11.2-mile path that runs from downtown Denver’s Confluence Park to Cherry Creek Reservoir south of Denver. This trail takes bikers by multiple parks and attractions such as Four Mile Historic Park. Cherry Creek Bike Path also provides 22 miles of fun, and connects to downtown and beyond, another great opportunity to discover the many attractions this city has to offer.

Turner Associates is proud to be experts on the wonderful Cherry Creek community! Click here to check out some incredible Cherry Creek listings, and contact us to check out a Cherry Creek property for yourself!

 

Flying Horse: The Pinnacle of Luxurious Living in Colorado Springs

Friday, April 14, 2017

Tags:  real estate, agent, Turner Associates

Here at Turner Associates, we pride ourselves on our reputation as real estate leaders, especially for the much sought-after Colorado Springs area. Therefore, it only seemed fitting to highlight the community of Flying Horse, whose perfect location, breathtaking homes, luxurious recreational facilities, excellent schools, and private 18-hole golf course have catapulted it into one of our most high-demand areas. So strap on your seatbelts, and prepare yourself to fly into first-class luxury! Welcome to Flying Horse!

One of the most captivating aspects of a custom Flying Horse home are the gorgeous views. Scenic landscapes of the Pikes Peak mountain range and lush meadows surround you at every turn, creating an atmosphere of calm and serenity. Many homes include stylish features such as vaulted ceilings, hardwood floors, and custom quality finishes throughout. Flying Horse is located off of Northgate Boulevard, conveniently only 15 minutes to Colorado Springs and 45 minutes to Denver. Families with children can take comfort knowing that Flying Horse is zoned to the Discovery Canyon Campus, which completed its final phase in 2010 and cost $72 million dollars to construct. Not only is this facility one of the most expensive campuses in Colorado Springs, but it delivers a competitive, top-notch education to all students.

At the pulse of this luxurious community is The Club at Flying Horse, a lavish 43,000 square foot European-style community club house that has a plethora of fantastic resort-style amenities! Perhaps the most notable attraction is the legendary private 18-hole golf course, designed by world-renowned master Tom Weiskopf. This golf course has won multiple awards, including being voted as one of the top 10 golf courses in Colorado! Other noteworthy options featured at The Club is fine-dining at The Steakhouse at Flying Horse, or a variety of services ranging from facials, massages, fitness classes, or working up a sweat with top-of-the-line workout equipment at The Athletic Club and Spa at Flying Horse. Whether members want to engage in a rousing game of tennis at one of the clubhouses 9 tennis courts or mingle over a drink with friends, anything is possible with such luxurious services and amenities at your fingertips!

Rounding off the long list of upscale Flying Horse features is The Lodge at Flying Horse, an impressive extension of this prestigious community consisting of 48 lavish villas with resort-style accommodations. Boasting a charming “Rocky Mountain Tuscan” style, the essence of The Lodge truly complements the warmth, elegance, and sophistication of the award-winning Flying Horse community.

Flying Horse represents a standard of excellence that is unparalleled. With outdoor options that include exploring the various trails, opens spaces, parks, and ponds, to indoor choices such as casual and fine dining, private meeting rooms and dining areas, a ballroom, and the infamous four-story “wine tower”, the options are endless!

Ready to discover what true luxury is all about? Then click here to let a Turner Associates real estate agent find the perfect Flying Horse property for you and your family!

Turner Associates is honored to have exclusive Flying Horse homes listings! Check out these awesome properties below!


2523 Crooked Vine Court, Colorado Springs, CO 80921

This fabulous Flying Horse home has incredible views of Pikes Peak!

2119 Rocking Horse Court, Colorado Springs, CO 80921

This custom patio home in the village of Sonoma, Flying Horse, is walking distance to the famed Flying Horse clubhouse!

 

Another Record-Breaking Year in Progress

Monday, February 13, 2017

Tags:  real estate, agent, Turner Associates

Another Record-Breaking Year in Progress


As we suspected, the Colorado Springs housing market is already breaking records one month into 2017. The Pikes Peak Association of Realtors report for January shows the average sale price for a single-family home hit a record high of $298,774. This is a 13.3 percent increase over January 2016, and nearly $3,000 more than the previous record high of $295,877 that we saw in August 2016. We expect this trend to continue throughout the year.

Fewer sellers, more buyers


January brought another record to our real estate market, but this one’s an all-time low. We saw only 1,331 listings in January— down nearly 31 percent from January 2016. Even more notable, this is the lowest amount of homes for sale since the Realtors Association began compiling such data over 20 years ago.

The super-robust Colorado Springs economy, low unemployment, strong job growth, and historically low mortgage rates are creating big demand for homes. Our very desirable region continues to garner national attention, and our population grows, driving up prices. It won’t be long before the average home price hits $300,000. As we noted recently, realtor.com’s economic team predicts that most of the nation’s hottest markets in the western U.S. “will continue to lead the nation in prices and sales.”

Speaking of sales, January’s total of 908 is a 7 percent increase over the same month last year, according to the Realtors Association report. This marks the 30th straight month of year-over-year home sale increases. Even more impressive? This 908 figure is the highest for any January in which the Realtors Association has been issuing reports. We’re betting that 2017 beats 2016’s record total sales of 15,318.

New accolades for The Springs


The recently released 2017 Best Places to Live list from U.S. News & World Report ranks Colorado Springs as the 11th-best place to live among America’s 100 most populous metro areas. The editors point to our “quieter, gentler way” and our low cost of living, low unemployment rate, and plethora of recreation and entertainment options.

In 2016, living costs in the Colorado Springs area were the lowest compared with the national average in five years, according to an annual survey by the Council for Community and Economic Research. Local costs were 94 percent of the national average in 2016. For comparison’s sake, Denver costs were 110.4 percent of the national average last year.

ValuePenguin awarded The Springs the No. 3 spot out of 98 for Most Health-Conscious Cities in America. In creating the rankings, the site “gave the greatest weight to per-capita access to the amenities that would help residents to be active.” Additional factors included:

  • The quality, access, and affordability of healthy-food options available to residents.

  • Environmental factors, including air and drinking water quality.

  • The current health and habits of the city’s residents.


Would you like to learn more about our wonderful region? Our dedicated and knowledgeable team at Turner Associates would love to help you achieve your 2017 real estate goals. With over two decades of experience in the greater Colorado Springs and Pikes Peak region, we have a rich history of service in the area. We’re a full-service agency, committed to your complete satisfaction from beginning to end.


Source


http://gazette.com/colorado-springs-living-costs-lowest-in-five-years-compared-with-national-average/article/1596432, http://realestate.usnews.com/places, https://ppar.com/StatsAndFacts.html, https://www.valuepenguin.com/most-health-conscious-cities-in-america, http://gazette.com/average-colorado-springs-home-price-hits-record-high-in-january/article/1596158
 

4 Key Real Estate Trends for 2017

Friday, January 27, 2017

Tags:  real estate, agent, Turner Associates

4 Key Real Estate Trends for 2017


The new year brings a new administration with a whole new set of possibilities and expectations. What are a few of our predictions for real estate trends in 2017?

1) Price appreciation will slow


Look for national home prices to slow to about 3.9 percent growth year over year, down from an estimated 4.9 percent in 2016. This reduced rate of growth doesn’t point to an unhealthy real estate sector, but rather signals a normalizing process as the market recovers and returns to a more balanced, sustainable rate of growth. We expect to see more historically normal appreciation rates as we move forward.

2) Interest rates will steadily rise


The day before President Trump's swearing in, Federal Reserve Chair Janet Yellen said, “The U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low.” This comes as no surprise, since even before Trump’s election, the Mortgage Bankers Association predicted rates would reach 4.8 percent (an increase of nearly two percentage points) by the end of 2017. Recall that conventional loans saw an immediate post-election increase of nearly a quarter of a percentage point.

If you’re hoping to refinance, do it now, and if you’re looking to buy, lock in your mortgage rate early during your closing. The “making lemonade” side to this stabilization of interest rates? Higher rates usually indicate a strong economy, which tends to be associated with a vibrant real estate market.

3) Millennials climb into the driver's seat


Although this interest rate jump affects the youngest generation of first-time homebuyers, experts still expect millennials to comprise 33 percent of buyers in 2017. Along with the equally as large boomer generation, millennials will drive demand in the U.S. real estate market for at least the next 10 years.

As post-graduation millennials enjoy better job security and more easily qualify for mortgages, they’re motivated to buy a home in affordable areas and start families. Savvy sellers know that targeting this vast pool of potential buyers yields huge payoffs. Tailor your marketing strategies towards these younger buyers. Emphasize the things they value in a home to make your property desirable for first-time buyers. Especially important are:

  • New kitchen and bath fixtures

  • Open floor plans

  • Home offices

  • Low maintenance

  • Energy efficiency

  • Good location


4) The West remains the best


Speaking of great location, Colorado Springs ranked #12 in realtor.com’s Top Real Estate Markets for 2017. With a median home price of $335,000, price growth of 4.77 percent, and a sales growth rate of 6.71 percent, our robust real estate market continues to thrive. Despite a slight slowdown in the national market, realtor.com’s economic team predicts that most of the nation’s hottest markets in the western U.S. “will continue to lead the nation in prices and sales.” Experts attribute this to low unemployment, strong job growth, and the increase in population that follows, increasing demand for homes, which leads to higher prices.

Let the dedicated and knowledgeable team at Turner Associates help you achieve your 2017 real estate goals. With over two decades of experience in the greater Colorado Springs and Pikes Peak region, we have a rich history of service in the area. We’re a full-service agency, committed to your complete satisfaction from beginning to end.


Source


https://www.coloradorealestatediary.com/blog/2017/01/06/insider-real-estate-trends-to-expect-in-2017/, http://www.realtor.com/news/trends/top-real-estate-trends-2017/, http://www.cbsnews.com/media/9-real-estate-trends-to-expect-in-2017/2/, https://www.thanmerrill.com/2017-real-estate-market-forecast/, http://www.forbes.com/sites/timworstall/2017/01/20/yellen-says-fed-should-not-let-economy-run-hot-more-interest-rate-rises-on-the-way/#5ab7c2987fb0, http://www.bankrate.com/finance/real-estate/must-haves-to-sell-to-young-homebuyers-1.aspx
 

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324 Articles Found

Wednesday, November 22, 2017

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Happy Veterans Day from Turner Associates! Check Out these Deals for Active-Duty Military Members & Veterans in Colorado Springs!
This Saturday, November 11th, is when we take time to honor the veterans and soldiers...

The Top Ten Traits that Make a GREAT Real Estate Agent
Here at Turner Associates, we pride ourselves in having one of the best real estate...

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