As the nation braces for a recession as a result of COVID-19, the real estate market is in limbo. During times of economic uncertainty, huge swaths of potential buyers will choose to delay purchasing plans until there is more financial stability.
Tag: Market Updates
“Recession” Does Not Equal “Housing Crisis”
As it appears we are heading into a recession, what does that mean for home values? The 2008 recession was caused in part by a housing and mortgage crisis resulting in significant home value declines. However, in many U.S. recessions home values actually
How’s the Market? Showings Currently Halted
This is one of the most challenging times to answer the question: “How’s the Market?”. First, let’s address the strong results through the end of March. Total sales volume in Routt County was $133M, up from $113M through the same time last year.
How’s the Market? Coronavirus in Routt County
As the Coronavirus spreads and worldwide fears escalate, leading to massive global economic changes and a bear market (a decline of 20% or more in the stock market), it remains to be seen how the local real estate market will be impacted.
How’s the Market? Real Estate Activity in January was Booming!
As Steamboaters reveled in the Winter Carnival glow of watching the world’s largest firework explode, real estate activity in January was also booming.
2019 Real Estate Market Sets Record for Steamboat
2019 real estate market sets record for Steamboat and forecast for 2020
How’s the Market? 2020 in Steamboat Springs, CO
For most of 2019, real estate sales volume in Steamboat was lagging behind the rather large numbers posted in 2018. A supercharged last two months of 2019 changed that by pushing annual total sales volume in Steamboat to $788M, up 6% from 2018.
From List to Sale
Determining how long a property will be on the market depends on a number of circumstances. Whether you need to sell your home quickly or you’re trying to time the sale to align with the purchase of a new home, keep the following factors in mind:
How’s the Market? Closing out 2019
Real estate activity in Routt County for 2019 started off appearing as it would be much slower than the activity of 2018. However, after a busy last few months, the market is only down 2% in total volume, making 2019 an extremely active year. Through Nove
Steamboat Springs Made #8 of the 25 Best Small Towns in America
Steamboat Springs made #8 for U.S. News & World Report’s annual listing of the 25 best small towns in America! 2 other Colorado towns made the list also; read more here for what these towns all have in common and how this commonality could impact real est
How’s the Market? The Resort is Open!
Happy opening day; the earliest one in the history of Steamboat Resort! As we wax and sharpen our skis and boards, we also enter into the winter months where real estate activity is historically much slower compared to the summer months.
Steamboat Resort’s Earliest Opening Day… Ever!
As the snow guns fired briefly at Steamboat Resort on October 10th, locals started twitching to start a new ski season. Snowmaking crews at the resort officially started operations in late October for the 2019/20. Steamboat is set to open on November 15th