DENVER, March 15, 2012 /PRNewswire/ -- Spring ushers in more than just cleaning. It's the unofficial kickoff to real estate season.
Beginning mid-March and running through August, For Sale signs will be springing up across Colorado and areas across the United States, and home buyers are hitting the pavement in search for that perfect piece of real estate. And for the first-time since 2010, they'll be met with slightly higher home prices.
The CoreLogic Home Price Index for Colorado showed a .1 percent increase in January, according to a recent article by 9News.com. This is coming off a 12-month consistent decline in home prices.
The increase in demand for Colorado homes also brings with it an increase in housing prices. "At certain prices, I'm told, there are bidding wars," Ryan McMaken, who's with the Colorado Division of Housing, told 9 News.
Even though small, more people are considering the option of homeownership over renting and that's always a good sign for the 2012 real estate season. Some real estate agencies think this year will mark the end to what seemed like a never ending dry spell in market.
Real estate agencies and home sellers aren't the only ones eager to see the increase. Mortgage companies like New American Funding, a licensed mortgage banker for Colorado home loans, are already seeing the initial signs of a good season.
Just last month, New American Funding hit a record breaking goal in terms of loans closed and funded. Their growth, including the number of new employees needed to accommodate this growth, has prompted New American Funding's move to a new location this coming month.
About New American Funding
New American Funding is a Fannie Mae Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA Automatic mortgage lender with more than 400 employees. The company is licensed in 21 states across the nation and offers a variety of home loan options, including FHA, Conventional, VA, Jumbo and Reverse Mortgages.
MEDIA CONTACT: Erin Everhart, [email protected], 877 352 6334
SOURCE New American Funding