Explore the September edition of the Summit County Market Insider, your go-to source for the latest trends in mountain and real estate lifestyle. From real estate market shifts to lifestyle developments, the Summit County Market Insider keeps you informed and ahead of the curve.
In this issue, we feature two timely articles offering valuable insights into the real estate and mountain lifestyle landscape.
First, a Forbes article, “Resilience Features Becoming Top Home Priorities For Owners And Buyers” highlights demand for self-sufficiency.
Next, a piece from Homes.com titled “National Housing Market Report” explores the real estate market on a large scale.
These stories highlight key trends in mountain real estate as well as consumer behavior, offering valuable insights for homeowners, investors, and mountain enthusiasts alike. Stay tuned for more expert insights from your trusted Market Insider in Summit County.
“Utilities continue to request significant rate hikes as energy consumers are increasingly concerned about rising utility bills and are left feeling powerless,” summarizes consumer energy advocacy nonprofit organization PowerLines in its latest energy report. Americans are focused on this concern, shares Cognition Smart Data’s latest research, and it’s driving them toward more sustainable, resilient properties. This hasn’t always been the case and it’s not just about the utility savings. Some of it is about saving lives.
Changing Realities For Homeowners
“When asked if they would purchase an all-electric house, only 36.7% of home buyers said yes in 2024, and today, 73.4% say yes; they would purchase an all-electric house, showing a 100% increase in interest in one year,” CSD’s report revealed. That means a home with solar panels and battery storage, not just one with all-electric appliances. It’s about survivability when the grid goes down, which is happening more each year as weather events increase in frequency and intensity.
About 347,000 homes were sold nationwide in July, up 2.9% year over year. Sales fell month over month, which is typical for this stage of the summer season, but activity remained higher than it was a year ago.
Home sales increased from a year ago despite higher mortgage rates and ongoing affordability challenges. Demand remained uneven across local markets, however. Minneapolis posted one of the strongest year-over-year increases in sales activity while Seattle recorded a notable decline, showing that buyer activity continued to vary widely from one market to another.
Homes for sale increase
There were about 1.42 million homes for sale nationwide in July, up 4.4% from a year earlier. Inventory also edged higher month over month, continuing the gradual rebuilding of supply that has taken place through much of the year.
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SLIFER SMITH & FRAMPTON/VA REAL ESTATE
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Breckenridge, CO 80424
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Frisco, CO 80443
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0140 Ida Belle Drive
Keystone, CO 80435
970.496.4522
Copyright © 2024 Altitude Realtors MLS. The information displayed herein was derived from sources believed to be accurate, but has not been verified by Altitude Realtors MLS. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers’ personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the Altitude Realtors MLS is strictly prohibited. This site is used and paid for by multiple independent companies. The real estate broker cannot require you as a prospective buyer to pre-qualify with or utilize the services of either of the mortgage loan originators. Nor can either of the mortgage load originators require you as a prospective buyer to utilize the services of the real estate broker. August 30, 2024 8:15 PM UTC
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SLIFER SMITH & FRAMPTON/VA REAL ESTATE
PO Drawer 2820
Avon, CO 81620
970-627-4981
Should you require assistance in navigating our website or searching for real estate, please contact our offices at 970-627-4981.
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