Rick Arrick - Realtor

Just Listed!
13933 E 104th Place in Commerce City.

This 4 bedroom, 3 bathroom home is move-in ready. Recent upgrades include new carpeting and pad upstairs. The three bathrooms had new paint and quartz counter tops placed while the kitchen had a granite counter top installed and the cabinets painted. From the front door, you can take an immediate right into a main floor bedroom. If you do not need 4 bedrooms, this space makes a perfect office / bonus room. The open concept of the main floor family room (with a gas fireplace), kitchen, eating area, and half bathroom make entertaining easy. For your convenience, the laundry room is placed on the upper level, close to the remaining three bedrooms....... so there is no walking the laundry up and down the stairs. The primary bedroom has its own bathroom. The other 2 bedrooms share their own full bathroom. This home has been very well maintained and is close to several places to dine, shop, and play. Welcome home!

5106 W 11th Street, Greeley, CO 80634

Mortgage Rates: Past, Present, and Possible Future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.

Just listed:

9758 Laredo Street
Reunion area
Commerce City, CO 80022

If you're credit score was negatively impacted by medical debt, a new Colorado law went into effect on August 7th, removing this debt from your credit score.

"Medical debt is really not a good predictor of your creditworthiness. It's a predictor of whether you got sick and had a medical bill that you weren't able to pay," said Julia Char Gilbert, Colorado Center of Law and Policy.

This will be a great and needed change.....

My buyer just went under contract with a contingency.....meaning they first have a home to sell before they are able to purchase a new one. Finding a seller willing to accept a contingency was extremely difficult before mortgage interest rates increased. Now, buyers have more options because sellers are more willing to negotiate.

Among the 300 cities, Thornton ranks the 13th best in the nation for first-time homebuyers. While it ranks only 147th for affordability, it ranks 6th for its quality of life and 35th for its real estate market.

Greeley ranks 23rd for first-time homebuyers. It fares slightly better than Thornton for expense at 122nd, but lower in real estate market at 43rd in the country and 26th for its quality of life.

Closer to Denver, Arvada ranks 27th overall, with the 142nd-highest affordability, the 33rd-best real estate market and the 45th-best quality of life.

Longmont ranks 28th overall, with the 152 highest expense, the 26th best real estate market and the 29th best quality of life.

NATIONAL MARKET UPDATE:

Black Knight’s home price index hit a new record high in May, showing that last year’s home price correction has now fully reversed. May’s 0.7% monthly gain equates to an 8.9% annualized growth rate going forward.

CoreLogic’s analysis revealed home prices grew in May for the fourth straight month. However, annual price growth dropped below 2% for the first time in 11 years, but CoreLogic forecasts a 4.5% price gain by May 2024.

Zillow reports the typical home value in June broke through $350,000 for the first time ever. The new peak of $350,213 eclipses the prior record set in July 2022 and will hopefully motivate more people to sell.

First American's chief economist predicts that if mortgage rates continue to fall, household incomes stay flat, and home prices plateau as expected, housing affordability will improve by 9% by the end of 2023.

The average of all the forecasts shows a .1% appreciation, in home prices, for 2023.......

On average, nationwide, home prices appreciated by 60.6% over the past five years. For existing homeowners, that means you’ve likely gained significant equity over time. And if you plan to sell your current house and buy your next home, that equity can help power your move. If you have questions about your specific situation, DM me.

Colorado outpaced the national average....