MLS Boulder Colorado

While sales of existing MLS Boulder Colorado homes fell in MLS Boulder Colorado last year, home warranty usage showed resiliency in 1991, maintaining a virtually unchanged share of the resale housing market, according to the Home Warranty Association of MLS Boulder Colorado (HWAC). Approximately 45 percent of the existing single-family homes sold in MLS Boulder Colorado last year included home warranty service contracts, the same market share of homes that were sold with service contracts in 1990. Based on preliminary data, approximately 240,000 home warranties including renewals were sold in MLS Boulder Colorado last year, compared with the 247,850 warranties sold in the state during 1990.

''The stable market share of homes sold with home warranties last year signifies that homeowners value the benefits of a service contract to protect what possibly may be their biggest investment,'' said Lind. While the MLS Colorado Boulder Association of Realtors reported a 6.2 percent decline in the number of home sales statewide last year over 1990, the decline in the number of home warranties sold was only 3.2 percent last year over 1990, according to the HWAC. The decline in the number of home warranties sold last year was not unexpected, according the HWAC. Boulder Colorado MLS Home warranty sales volume is primarily driven by the volume of existing homes sold.

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MLS Boulder Colorado

However, the number of MLS Boulder Colorado home warranty renewals increased to approximately 50,000 last year compared with slightly under 44,500 renewals in 1990. Home warranty renewals in 1991 showed an 11 percent gain over 1990 renewals. ''During these tough economic times, homeowners are taking advantage of every service available to save money,'' Lind noted. Home warranty companies in the state reported handling a record number of service calls in 1991 as MLS Boulder Colorado homeowners used their service contracts more than in previous years. ''HWAC members typically maintained or even increased market share during slow years because home sellers and real estate professionals tend to offer home warranties more often as an incentive to attract colorado real estate buyers,'' she explained.

MLS Boulder Colorado : Inspired by March 24, 1992 article in the Business Wire.

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