On August 7, 2023, SB23206 concerning information about Radon in residential real estate transactions go into effect. The law requires that each sales contract for a residential property contain the following, or a substantially similar, disclosure in bold faced type: THE COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT STRONGLY RECOMMENDS THAT ALL HOME BUYERS HAVE…
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The summer season is in full swing with June showing the largest number of homes for sale this year in Pueblo County coming in at 404. This is up 12% from the May when the number of homes for sale was at 356. For contrast in January there were 281 homes for sale. The…
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The Pueblo real estate market picked up around 17% more homes for sale in May at 598 currently available for sale in Pueblo County for sale, up from 561 available in April. The number of homes sold in May increased to 262 homes from 246 sold in April but sales are still down 23.8%…
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When a buyer is looking at purchasing a home with a lower interest rate it may allow them the qualify for a more expensive home and save them money in interest payments. With mortgage interest rates at 20 year highs some owners are gaining a competitive advantage of their low interest rates when…
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The total number of homes for sale, a total of 561 increased by 23% compared to last years number at this time of the year at 456. The total number of homes sold decreased 19.5% from a year ago. The list to sold price decreased slightly by 1.7%. The median price home sold was…
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NEW FEDERAL REQUIREMENTS ON REAL ESTATE TRANSACTIONS IN COLORADO (Provided by the Land Title Association of Colorado, May 2023) The Financial Crimes Enforcement Network has been issuing orders called “Geographic Targeting Orders” since 2016. Under these orders, the title companies that close or underwrite residential transactions that meet certain criteria are required to make additional…
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Any time the government wants to get into messing with the housing industry it very rarely turns out good. This bill would severely impact the rental housing market and not in a good way. As the bill has passed through committee it was thought to be defeated with the swing vote by Democrat Dylan Roberts.…
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The number of homes for sale in Pueblo County remained steady from last months number of 591 but is still significantly higher than a year ago. However, we are running about 11% lower than the number of homes that are available through this time last year. At this time last year interest rates were…
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On February 23, 2023 the Federal Reserve raised it’s short term interest rate by a quarter percentage point bringing the federal funds rate to a range of 4.75 % to 5%. In anticipation of the rate hike the yield on the 10 year treasury notes dipped to 3.4% on Monday, February 20, 2023. At…
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