Real estate news

• Analysis: Appreciation Lags From Redlining

  28-04-2018 06:03
  Homes in neighborhoods that were redlined in the past have not caught up to their counterparts in value, according to an analysis recently released by Zillow.
  The average “hazardous” home—as deemed by the now-defunct Home Owners’ Loan Corp. (HOLC), a GSE of sorts—are at 85 percent of the median value. The median of a neighborhood that was redlined is now $276,199, while the median of a nearby neighborhood that was not redlined is now $324,489.
  In the case of housing
  
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• Mortgage Rates Spike

  28-04-2018 06:01
  The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week.
  The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year, Treasury-indexed hybrid adjustable rate was 3.74 percent—also increases from the prior week.
  “Mortgage rates are now at their highest level since the week of Au
  
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• Brandon Wells: Better Than Yesterday

  28-04-2018 06:00
  Vitals: The Group, Inc.Years in Business: 42Size: 6 offices, 198 agentsRegion Served: Northern Colorado2017 Sales Volume: $1,878,751,3292017 Transactions: 4,740 sideswww.thegroupinc.com
  It was 42 years ago when 12 innovative REALTORS® joined forces and started The Group, Inc., a real estate firm with a dozen equal owners that focused on work groups, employee empowerment and leadership in real estate. The idea worked, and the company has regularly been a market leader in Northern Colorado, ra
  
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