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About the area Friday Fun Facts Waiting and Waiting Anytime the market cools off we sometimes hear prospective buyers say “I think I’ll wait for the market to correct, then I’ll buy after prices come way down.” The reality is this… History shows that this wouldn’t be a good strategy. Our go-to source on price appreciation is the Federal Housing Finance Authority […]
About the area Friday Fun Facts – Good Loan News! Good Loan News   Here are two recently-announced pieces of really good news for home buyers.   The Colorado Housing and Finance Authority recently raised the income limit for their down payment assistance program to $115,600.  Now more people can get help with a down payment. Fannie Mae and Freddie Mac raised their conforming loan […]
About the area 96.3 Miles Per Hour 96.3 Miles Per Hour   Pretend you have been driving on the Interstate at 100 miles per hour. Also, pretend you have been doing that for a long time. Now pretend you slow down to 96.3 miles per hour. How would that feel? Probably just a little slower? 96.3 miles per hour is a 3.7% […]
About the area Absorption Rate Changes You may have heard the real estate market is changing. While this is true, if you have read any articles that say the sky is falling please understand that scary stories get you to click on news websites, and that’s what they are counting on! I have tracked the Fort Collins absorption rate since 2011 […]
About the area Friday Fun Facts! FUNdamentals In times of change (like now), it’s valuable to look at the fundamentals of our market. Let’s have some fun with fundamentals… 1.  Our economy is healthy – since 1990, the unemployment rate in Colorado has never been higher than the U.S. unemployment rate.  Ever.  Unemployment in Colorado sits at 2.7% today while the rate across […]
About the area Friday Fun Facts! A History Lesson A History Lesson One of the most common questions we hear from clients is “where do you think interest rates are going?” Virtually all of the experts we follow put rates above 5% going into next year and some see rates approaching 5.5% by the middle of 2019.  What’s certain is that there are economic […]
About the area New Home Starts What’s Starting? Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range. New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory Every product type saw an increase in […]
About the area Friday Fun Facts – Appreciation How We Rank Here’s how the largest Colorado cities rank on the most recent Federal Housing Finance Authority’s quarterly report.  They study the appreciation rate in 245 metropolitan areas all over the country. City                             Rank                […]
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About the area Fort Collins Real Estate: Dual Markets You may hear how the market is still blazing fast and homes are selling in just days, and you may hear that the market is slowing down and it is becoming more normalized. Here’s the truth……both of those statements are true! We essentially have a tale of two markets in Fort Collins, the one under […]
About the area Friday Fun Facts! The Cost of Waiting The Cost of Waiting It’s true, certain parts of our market are cooling off.  We are seeing fewer multiple offers, fewer bidding wars, and fewer inspection concessions. However, homes that are priced right and in great condition are selling, and in many cases, selling quickly. As buyers feel the market cool a bit, it may […]
About the area Friday Fun Facts! Everyone’s Talking It seems like everyone’s talking about affordability and making an assumption that homes are less affordable than they have ever been.  Not so fast… Let’s look at home prices relative to the median income needed to purchase the home. It’s true that home prices have appreciated year-over-year for the last 76 months in […]
About the area New Gardner Report Colorado Real Estate Market Update ECONOMIC OVERVIEW Colorado continues to see very strong job growth, adding 72,800 non-agricultural jobs over the past 12 months—an impressive increase of 2.7%. Through the first five months of 2018, the state added an average of 7,300 new jobs per month. I expect this growth to continue through the remainder […]
About the area At Least At Least List Here’s a stat you’ve heard from me before… It’s called “At Least List” It measures how active the market is by tracking the number of single family homes that sell for at least list price. Because of the demand in our market, many homes sell for list price or higher. So here’s […]
About the area Friday Fun Facts Is There A Bubble? Economists say there are three reasons why we aren’t in a housing bubble today. The first reason they mention is the amount of new home construction compared to the 2006 housing bubble. Today, along the Front Range, new home starts are down 38% compared to 2006. This is despite a much […]
About the area Friday Fun Facts! Top 5 Greeley is the 5th-ranked city in the whole country for one year appreciation. This is according to the Federal Housing Finance Authority’s most recent quarterly report. They track close to 300 markets all over the U.S. For the first time in a long time, the Fort Collins/Loveland market did not make the top […]
About the area The New Gardner Report   The following analysis of the Metro Denver & Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.   […]
About the area The Latest Edition of THE SCOOP! Check out the link below for interesting and helpful info on the Northern Colorado Real Estate Market! The Scoop 1st Quarter 2018
About the area Friday Fun Facts! 18 Days We now measure inventory levels in terms of days. Typically we measure in months. For instance, a “balanced market” is when there is 4 to 6 months of inventory currently for sale. Meaning that, in a balanced market, it would take 4 to 6 months to sell every home that is currently on […]
About the area Friday Fun Facts! Top 4/Bottom 4 At the end of this weekend College Basketball’s Final 4 will be established. It might make you wonder, what the top 4 and bottom 4 real estate markets across the country? Here they are, ranked by the last 12 months of appreciation according to fhfa.gov: Top 4: Tacoma, WA 14.6% Seattle, WA […]
About the area New Old Town Listing! LINK TO HOME INFO I just listed this great 3 bedroom Old Town home on Laporte Avenue for $350,000. It is currently rented through July of 2019, and has a big lot with alley parking. A living room fireplace, wood floors, and beautiful backyard entertaining space make this one attractive home! Interested in taking a […]
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