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 If you feel that our services were great, don't hesitate to write us a review! If not, we value your concerns and input so please email us right away.  If you have any questions, don't hesitate to call our office anytime at (303)-755-1635, call Chris directly at (720)-628-2625 or email us anytime at cpiele@webuysellcolorado.com 

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Chris Piele did it again! His Assist2Sell franchise is number 1 in Colorado, and number 9 out of over 400 franchises across the US and Canada! We save sellers thousands with our full service, flat-fee listing program. 

Assist2Sell Piele Realty, LLC is an independently owned, full service discount real estate company serving the Greater Denver Metro Area. Owner and Managing Broker, Chris Piele, has been a full time realtor for over 30 years. Chris has thrived through every type of real estate market flux. A Certified Residential Specialist, Short Sale, Foreclosure Specialist, and Centurion Award Winner, Chris is a devout and passionate leader here at Assist2Sell Piele Realty, LLC. He is a full time real estate expert, driven to provide buyers and sellers alike with outstanding and complete real estate services. Under his leadership, our elite Colorado-based team proudly ranks among the top 10% of all Assist2Sell offices in the U.S. and Canada. If you're looking to buy or sell a home in the Greater Denver Metro Area, call us and let a real professional protect your interests. We hope you will enjoy our website and explore everything our site has to offer. If you have any questions a member of our knowledgeable and friendly team would love to help!

Accredited by the Better Business Bureau Serving Denver/Boulder

We service: Aurora, Centennial, Parker, Denver, Green Valley Ranch, Englewood, Greenwood Village, Castle Rock, Highlands Ranch, Broomfield, Westminster, and more!

We will treat you and the people you recommend to us like family!

Experienced Professionals: Chris Piele, an award winning Realtor who has been continually recognized within the industry and among peers for well over 14 years. Beginning in 2012, when Chris and his recently retired brother, partner and co-founding cohort, Greg Piele were awarded the Assist2Sell Award of Excellence. Since, the Piele mantle proudly boasts multiple Centurion Awards, marking the legacy of excellence and service demanded from each team member at Assist2Sell. Our seasoned team consists of Chris Piele, Brian Karsh, Ray Blaesing, Enrica Bustos, Karen Jacobson, Heather Cooey, Joseph Nuredin, Tracy Williams, and Kimberly Moc.  Contact us anytime and let experienced professionals protect your interest.

Assist2Sell, Piele Realty,LLC | 303.755.1635 | Chris Piele 720.628.2625
or Email:
 CPiele@WeBuySellColorado.com

Full Service With $avings!

 

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Real Estate News!!!

Latest Realty News from NAR

November 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.99 percent this November, up 19.1 percent compared to 4.19 percent a year ago.

  • Housing affordability declined from a year ago in November moving the index down 10.6 percent from 161.0 to 144.0. The median sales price for a single family home sold in November in the US was $260,500 up 5.0 percent from a year ago.
  • Nationally, mortgage rates were up 80 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was up from last month at 17.4 percent this November and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 23.8 percent of income. The Northeast had the second highest payment at 17.1 percent followed by the South at 16.8 percent. The Midwest had the lowest payment as a percentage of income at 13.7 percent.

  • Regionally, the Northeast recorded the biggest increase in home prices at 8.2 percent. The South had an increase of 3.8 percent while the West had a gain of 2.4 percent. The Midwest had the smallest growth in price of 1.6 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 14.4 percent. The South had a decline of 9.3 percent followed by the Midwest that fell 9.2 percent. The West had the smallest drop of 7.2 percent.
  • On a monthly basis, affordability is down from last month in all of the four regions. The Northeast region had the decline of 5.5 percent. The South had a decline of 2.0 percent followed by the Midwest with a dip of 1.8 percent. The West had the smallest dip in affordability of 0.7 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 181.9. The least affordable region remained the West where the index was 105.0. For comparison, the index was 148.8 in the South, and 146.4 in the Northeast.

  • Mortgage applications are currently up while credit availability is down. Rates are higher this month but are still historically low. Home prices are up 5.0 percent while median family incomes that are growing 3.0 percent. The job market is steady. More inventory is welcome on the lower end of the market whereas there is more supply of inventory for high priced homes.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

Throwback Thursday: First-Time Homebuyers Then and Now

In 1981 when NAR first started tracking the data, the average age of a first-time homebuyer was 29.  They made up 44 percent of all homebuyers.  Sixty-eight percent of first-time buyers were married couples, 12 percent were single female and 13 percent were single male (seven percent were other).

In contrast, in 2018, the average age of a first-time homebuyer was 46 and they accounted for 33 percent of all homebuyers.  Fifty-four percent were married couples, 18 percent were single female, 10 percent were single male, and 16 percent were unmarried couples (two percent were other).

In 1989, first-time buyers largely rented an apartment before they bought their home at 80 percent, and 15 percent lived with parents, relatives, or friends.  In 2018, the share of first-time buyers that lived in an apartment before they bought their home slipped to 71 percent while the share of those that had been living with parents, relatives, or friends previous to buying rose to 23 percent.

Planning to Buy a Home in 2019?

Mortgage rates are starting off 2019 at very good levels. In fact, mortgage rates declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from 5 percent a month ago, according to mortgage finance provider Freddie Mac[1]. After a year of gradual increases, mortgage rates are declining. Stock market volatility, global trade worries and the government shutdown are pushing rates down to their lowest levels since August.

But how do mortgage rates affect homebuyers? Fixed-rate mortgages are amortized over the life of the loan. That means that at the beginning of the loan term, most of the mortgage payment goes toward paying off interest. Over time, a larger percentage of the monthly payment is applied to the loan’s principal balance. Thus, when interest rates are low, homeownership is more affordable. If less is spent on interest, homebuyers may be able to afford a larger loan. However, higher rates increase the long-term cost of owning a house.

NAR calculated the monthly payment based on the mortgage rate in the first week of January (4.5 percent) and the rate (5.0 percent) that was previously expected. Nationwide, it is estimated that the monthly payment at 4.5 percent rate is $1,208, while a higher rate of 5.0 percent increases the monthly payments by $72 to $1,280.

The effect of the mortgage rates varies from location to location. In high-end areas, homebuyers are expected to benefit more from lower rates than homebuyers in other areas. For instance, in the San Jose-Sunnyvale-Santa Clara, CA metro area, comparing the monthly payment at 4.5 percent and 5 percent rates, homebuyers pay $353 less every month for their payment at a 4.5 percent rate. However, at the low-end areas, in Youngstown-Warren-Boardman, OH-PA, the monthly payment at 4.5 percent rate is $26 less compared to the payment at 5 percent rate.

The visualization below allows you to see how much the monthly payment changes at 4.5 and 5.0 percent rates for 178 metro areas:

We also calculated the monthly mortgage payment for 3,119 counties and county-equivalents in the United States. Please visit the following web page to see the monthly mortgage payment at the county level.

Thus, homebuyers can still benefit from lower rates. Although the average rate on the 30-year fixed rate sat just below 4 percent for a year in 2016, homebuyers should bear in mind that, back in 1982, the rate was over 17 percent for more than a year. Moreover, historically[2], the average mortgage rate is 8 percent. Therefore, rates are still historically low. Looking ahead, NAR is forecasting the 30-year fixed rate mortgage to average 4.9 percent for 2019 and 5.2 percent for 2020, respectively.

See below how the 30-year fixed mortgage rate has been trending since 1971:


[1] Primary Mortgage Market Survey, Freddie Mac.

[2] Between 1971 and 2019.

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Assist2Sell
Piele Realty LLC

Chris Piele | 720.628.2625
CPiele@WeBuySellColorado.com
2851 S. Parker Rd. Ste PH20
Aurora, CO 80014

Chris with Governor Hickenlooper, then mayor, at Home Buyer Educational Lunch.

Click here to watch Chris's interview with the Colorado Housing Assistance Corporation!

Educator Program

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