Vail Valley Real Estate News Jan. 16, 2014

The big news this week for the Home Team? Our 5571 Coyote Ridge listing closed Tuesday! Our best to the new owners!

The big news this week for the Home Team? Our 5571 Coyote Ridge listing closed Tuesday! Our best to the new owners!

A weekly look at what’s new and interesting in real estate for the Vail Valley and beyond:

There’s movement at the top! The Vail Daily reports that the Vail Luxury Home Market is “Heating Up.”  This does indeed seem to be the case, as in addition to the homes mentioned in Scott Miller’s article, we’ve already seen 2 more listed at over $12.5 go under-contract.

A new year means a new set of annual predictions.  More Inventory and Easier Credit are among RISMedia’s Top Trends predicted for 2014.  The article also predicts rising mortgage rates will continue – so find your Vail Valley Home today!

“Despite concerns about mortgage availability, Fannie Mae economists reported that consumer attitudes about the ease of getting a mortgage are at the highest level in the 3 1/2-year history of its National Housing Survey.”

“These regulations will go a long way to protecting consumers from receiving loans that may be inappropriate for them and gives them additional legal protections. NAR supports these changes and has provided input throughout the rulemaking process.” – National Association of Realtors President-Elect Chris Polychron

“Although the paper’s authors show that shale-gas development has an overall positive impact on house prices, this is not equally shared between all houses in a local area … it depends instead on where they source their water.”

What might the Red Sox and the future of Real Estate have in Common? Inman News contributor Lanny Baker asks “Are Agent Ratings Real Estate’s ‘Moneyball’?” Baker has an interesting take on a subject that has caused much controversy.

So far, a listing site, landlord software provider and a brokerage are now accepting payment in the virtual currency Bitcoin.  “But seriously, would anyone actually pay their rent in Bitcoin?”  A fair question, and a proposed answer from RentShare founder Chris Toppino.

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