We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Fort Collins home prices rose by 7.7 percent in Dec. 2013 compared to Dec. 2012, including distressed sales. Greeley saw an 8.1 percent increase in home prices from Dec. 2012 to Dec. 2013.
Statewide, Colorado home prices have increased 8.3 percent since Dec. of 2012, including distressed sales. That’s slightly below the national average of an 11 percent increase in home sale prices from Dec. 2012 to Dec. 2013, marking the 22nd consecutive monthly year-over-year increase in home prices nationally.
“Last year, home prices rose 11 percent, the highest rate of annual increase since 2005, and 10 states and the District of Columbia reached new all-time price peaks,” Dr. Mark Fleming, chief economist for CoreLogic said in a statement. “We expect the rising prices to attract more sellers, unlocking this pent-up supply, which will have a moderating effect on prices in 2014.”
The CoreLogic Pending Home Price Index projects an increase in Jan. 2014 home prices 10.2 percent year-over-year from Jan. 2013, including distressed sales.
“The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing sector in 2014,” Anand Nallathambi, president and CEO of CoreLogic said in a statement.