Parker, Colorado is full of beautiful communities in all price ranges. There's a neighborhood for everyone. Over the years, we've videoed most of the best subdivisions here in Parker, Colorado. Please note that the prices that we talk about are from different times. They have increased over time. The purpose of these videos is to give you a feel for the different communities. Please enjoy.
The real estate market in Parker, Colorado remains strong. While there are fewer buyers, due to high mortgage interest rates, the well priced homes in great condition, continue to sell quickly.
If you're considering selling your home, it's a great time. Just be sure to get it into good condition. And, price it right.
If you're a buyer, make your move now. Prices are not likely to go down. And, if we see any kind of an interest rate reduction, demand will sky rocket and prices will spike. The time to buy is now.
Buying a home here in Parker, Colorado can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home here in Parker…or if interest rates are projected to rise or fall. The Parker Colorado Home Center free eGuide below will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.
Come see what this beautiful home in the Meadows has to offer! This very well maintained 5 bedroom home with main floor study will welcome friends and family with luxury and comfort. This home features real hardwood floors, a sizable cooks kitchen with island, a living, dining, breakfast and nice sized family room on the main level. Basement has another qualified bedroom plus a large rec room, 3/4 bath and bonus room. Upstairs are 3 bedrooms, a full bath and the primary suite which has a large closet and 5 piece bath. Lots of space for all! The private back yard offers a wonderful retreat for outdoor enjoyment on the large stamped concrete patio surrounded by lush grass and mature trees. The Meadows is very desired neighborhood with great schools, shopping at the Outlet Mall or Castle Rock, close to Castlewood Canyon State Park and the numerous other parks in the area. Come check it out!
Trying to predict what's going to happen with home prices and mortgage interest rates here in Parker, Colorado and the nation is really just educated guesses. We certainly know from previous predictions that they can be totally wrong. So, what do we do? Pretty much the same answer that I've been giving for months. Buy now, if you can. Sell now, if you must. As a buyer, you're almost guaranteed to come out a winner, in the long run. Prices are very likely to continue to increase. And, sometime in the future, mortgage rates are likely to go down. If they do go down, you can refinance to the lower rate. If they stay the same or go up, you are going to be so grateful for what you have. As a seller, it really depends on your motivation and the current mortgage rate on your current home. If you're sitting on a 2.5% to 4.0% interest rate, it's going to be hard to give that up for a 7% rate. You'll be moving down in home quality to just stay even. If you own your home "free and clear", you are in the driver's seat. You can do what feels good.
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next here in Parker, Colorado. And if it’s worth it to move now, or better to wait it out.
The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.
One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.
According to the most recent release, experts are projecting home prices will continue to rise at least through 2028 (see the graph below):
While the percent of appreciation varies year-to-year, this survey says we’ll see prices rise (not fall) for at least the next 5 years, and at a much more normal pace.
What does that mean for your move? If you buy now, your home will likely grow in value and you should gain equity in the years ahead. But, based on these forecasts, if you wait and prices continue to climb, the price of a home will only be higher later on.
This is the million-dollar question in the industry. And there’s no easy way to answer it. That’s because there are a number of factors that are contributing to the volatile mortgage rate environment we’re in. Odeta Kushi, Deputy Chief Economist at First American, explains:
“Every month brings a new set of inflation and labor data that can influence the direction of mortgage rates. Ongoing inflation deceleration, a slowing economy and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.”
What happens next will depend on where each of those factors goes from here. Experts are optimistic rates should still come down later this year, but acknowledge changing economic indicators will continue to have an impact. As a CNET article says:
“Though mortgage rates could still go down later in the year, housing market predictions change regularly in response to economic data, geopolitical events and more.”
So, if you’re ready, willing, and able to afford a home right now, partner with a trusted real estate advisor to weigh your options and decide what’s right for you.
Let’s connect to make sure you have the latest information available on home prices and mortgage rate expectations. Together we’ll go over what the experts are saying so you can make an informed decision on your move.
This is an article and graph showing month to month price increases in the major cities across the United States. It shows that home prices have been steadily going up. Due to the lack of inventory and population increase, there is no reason to think that we will see any decreases in the foreseeable future. The biggest concern that I would have as a buyer is what happens when we see a significant mortgage interest rate reduction. From today's rates to somewhere in the 5% range. Or even in the 6% range. My belief is that home prices will spike. And, spike a lot. The pent up demand is so high right now. All of these people sitting on the sidelines will jump in to secure a low interest rate, regardless of price. The theory is that securing a low interest rate is more important than the price of the home. I would agree with that.
So, as I always say, it's time to buy. Right now. Stop the bleeding. Do the best you can do. If rates never go down, you'll be glad you have the rate you have. If they go down, refinance. Waiting is a huge mistake.
We would love to help you with any of your residential real estate needs. Call me, Bob Bustin, at 720.220.5058 or Cheryl Bustin at 303.981.7339.
Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop.
The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below):
As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year.
But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.
After seeing a jump in home prices nationally in February, you might be wondering if they’re going up in your area, too. While it depends on where you live, prices are rising in 18 of the top 20 cities Case-Shiller reports on in the monthly price index (see chart below):
Most experts also think home prices will keep rising and end the year on a high note. Forbes explains why:
“Even as mortgage rates have reached their highest level since November, persistent demand coupled with limited housing supply are key drivers pushing home values upward.”
The data shows home prices are increasing nationally. Let's chat to see exactly what’s going on with prices in our neighborhood.
This is what country living is all about! Enjoy the peace and quiet provided by this well maintained ranch home on almost 10 acres with extensive mountain views. Horse lovers will appreciate the amenities that are included! A four stall modern barn with wash racks, turn outs and a fantastic tack room. Your horse will be protected by a fully fenced and crossed fenced property with hot wire. This home has a shared well. Another very important amenity is the property is accessed by paved roads so it has easy access no matter the weather. County records show the basement unfinished, however the walk out basement has a bedroom and bathroom (approximately 541 sq ft) that are finished. Buyer can add their own ideas to complete the other areas of the walk out basement. Total basement is large at approximately 2100 sq. feet so plenty of room for whatever uses the Buyer would like. This home has been updated and remodeled. Be sure to view the aerial footage by clicking on the movie reel icon under the main picture. You will fall in love!
If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you.
While there’s no arguing this housing market is challenging for first-time homebuyers, it is still achievable, especially if you have professionals on your side.
Here are some helpful tips you may get from a pro.
If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And, that’s not the only place you may be able to get a helping hand. While it may not be an option for everyone, 49% of Gen Z homebuyers got money from loved ones that they used toward a down payment, according to LendingTree.
And chances are you won’t need to put 20% down (unless specified by your loan type or lender). So be sure to work with a trusted mortgage professional to explore your options, find out how much you’ll really need, and learn about any guidelines on getting a gift from loved ones.
Another thing a number of Gen Z buyers are doing is ditching their rental and moving back in with friends or family. This can help cut down your housing costs so you can build your savings a whole lot faster. As Bankrate explains:
“. . . many have opted to stop renting and live with family in order to boost their savings. Thirty percent of Gen Z homebuyers move directly from their family member’s home to a home of their own, according to NAR.”
When you’ve saved up enough, here’s how a pro will help you approach your search. Since the supply of homes for sale is still low and affordability is tight, they’ll give you strategies and avenues you may not have considered to open up your pool of options.
For example, it’s usually more affordable if you consider a rural or suburban area versus an urban one. So, while the city may be livelier and more energetic, the cost of living may be reason enough to look at something further out. And if you consider smaller homes and condos or townhouses, you’ll give yourself even more ways to break into the market. As Colby Stout, Research Analyst at Bright MLS, explains:
“Being flexible on the types of home (e.g., a condo or townhome versus a single-family home) and exploring more affordable neighborhoods is important for first-time buyers.”
And lastly, an agent can help you really think about your must-have’s and nice-to-have’s. Remember, your first home doesn’t have to be your forever home. You just need to get your foot in the door to start building equity. If you want to buy, you may find making some compromises is worth it. As Chase says:
“An open-minded approach to house-hunting may be one way for Gen Z homebuyers to maintain some edge. This could mean buying in areas that are less expensive. Differentiating needs vs. wants may help in this area as well.”
An agent will help you prioritize your list of home features and find houses that can deliver on the top ones. And they’ll be able to explain how equity can benefit you in the long run and make it possible to move into that dream home down the line.
Real estate professionals have expertise on what’s working for other buyers like you. Lean on them for tips and advice along the way. As Directors Mortgage says, with that support you can make it happen:
“The path to homeownership may not be a straightforward one for Gen Z, but it’s undoubtedly within reach. By adopting the right strategies, like exploring down payment assistance programs and sharing living costs with relatives, you can bring your dream of owning a home closer to reality.”
Let’s connect to get you set up for long-term success.
