Monday, December 3, 2018 / by Jordan Waters
Further Proof It’s NOT 2008 All Over Again
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Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade...
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Are Homeowners Renovating to Sell or to Stay?
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A new study from Zillow asked the question,
“Given a choice between spending a fixed amount of money on
a down payment for a new home or fixing up their current home,
what would you do?”
Seventy-six percent of those surveyed said that they would rather renovate their
current homes than move. Here are the results by generation...
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All data is based on information from IRES inc, METROLIST inc, DBA RECOLORADO® and Matrix v7.1. CoreLogic. Data reflected includes attached dwellings in each cities market. The Terrell Davis Group does not provide any guarantee and is not responsible for accuracy. Data maintained by IRES inc. and METROLIST inc. may not reflect all real estate activity in the market.
colorado real estate, sellers, buyers
