Real Estate

Real Estate The Scoop – 1st Quarter 2021 Click to download The Scoop 1st Quarter 2021
Real Estate More Generations Are Living Under One Roof This Year More Generations Are Living Under One Roof This Year This year challenged us to reprioritize everything – from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our […]
About the area 14 Times For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low. Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971. Just one year ago rates were at 3.68%. So, what does this mean […]
Buyer Tips Remodeling Impact Americans spend $400 billion per year remodeling their homes. So, which remodeling investment gives the best return when it comes to resale value? It should come as no surprise, especially leading up to Thanksgiving, that the best money to spend upgrading your home is in the kitchen. It’s the place where most homeowners spend most […]
About the area A Little Perspective A Little Perspective Here’s a little perspective on the inventory of homes for sale in today’s market… First we’ll look at Metro Denver: • The average number of residential listings for sale at this time of year is 15,577 • The highest-ever for this time of year is 29,722 which occurred in 2006 • The […]
About the area The Votes are In Real estate buyers made their voices heard last month and made a clear choice for… higher-end properties! One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges. The combination of high equity and low interest rates is clearly causing people to move up. They are able to […]
About the area Brand New Market Report The latest quarterly report from our Chief Economist Matthew Gardner is now available. Here is a quote from the report with his take on the Front Range economy: What a difference a quarter makes! Following the massive job losses Colorado experienced starting in February—the state shed over 342,000 positions between February and April—the turnaround has […]
Blog Million Plussing The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes. Closings of million-plus single family homes are up significantly along the  Front Range. When compared to this same time last year, sales of properties in this […]
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About the area Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This questions seems to crop up when prices go up. While we do not believe that the current double-digit price […]
About the area Stat of the Month We just completed a review of the September numbers in our market. Here is the one number that is standing out to us- average price. Prices are way up over last year.  Here are the specific average price increases in each of our markets compared to September 2019: Metro Denver = 13.2% Larimer County = […]
Fort Collins Real Estate 6 Million The National real estate market just hit a massive milestone. Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years. The 6 million threshold is a big deal in the real estate brokerage world. Each month, as they […]
About the area Pendings are Popping Temperatures may be cooling off but the Front Range real estate market is not. Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer. Not this year. The indicator we use to measure future closed sales is current pending sales. Simply, we look at the number of […]
Buyer Tips Forbearance Falls The number of loans in forbearance just fell to their lowest level since mid-April. This is good news for the real estate market. Less and less people are seeking payment relief on their mortgages. The number of loans currently in forbearance stands at 7.16%. This news coincides with the U.S. Unemployment Rate falling to it’s […]
About the area New Home Surge Sales of new homes have jumped to their highest levels in 14 years. The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report. This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and sold over […]
Friday Fun Facts Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states. Some significant findings from the report: House prices have risen for 36 consecutive quarters, or since September 2011. House prices rose in all 50 […]
About the area Start it UP! Start it Up As further evidence that the housing market is more than alive and well, new home starts have recently jumped across the U.S. Building of residential properties is up 23.4% compared to last year and up 22.6% from last month. Pre-pandemic demand for new homes was very high. Now, record-low interest rates are […]
Buyer Tips At Least List Periodically we track a stat which we find to be quite interesting. It answers this question – how many properties are selling for at least list price (asking price or higher)? This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
About the area Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S. Their most recent quarterly report was just released this week. Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets. It is interesting to see how […]
About the area Spring in Summer This year the Spring market is occurring in the Summer. Typically the busiest months for real estate along the Front Range are April, May and June. This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer. Here’s an indicator.  Sales through July 2020 versus July 2019 are […]
Buyer Tips Buyer Contemplation New research from the National Association of Home Builders: The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report. At this time last year, 12% of Americans considered buying a home. Today the number stands at 11%. […]