Money is on sale (again).
30-year mortgage rates now sit at 3.3%.
This is less than half of the long-term, 40-year average.
This is also almost a full percentage point lower than they were one year ago (which was still very low).
Let’s put this in real numbers.
A $300,000 loan at today’s rates has a $1,313 monthly principal and interest payment.
One year ago, that same loan would be $1,432 per month.
That’s a 8.3% difference in monthly payment.
The fact that money is on sale is one of many reasons that the housing market remains very strong right now.
At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously. Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.
Here is the latest video from our Chief Economist Matthew Gardner.
It’s full of great nuggets about what is happening in the economy and the real estate market today. Just Click the image below to play the video.
Opportunities like this in Fort Collins are rare! 4 units each with attached two car garages, fireplaces, decks, and extensive upgrades. Just some of the updates include a new roof, updated kitchens and bathrooms, new decks, new blinds, new furnaces and water heaters in all units, new sliding doors, and Unit B has a recently finished basement. Close proximity to I-25, CSU, and Old Town make this property INCREDIBLY attractive to renters, quality investment property. Call for your private showing at (970) 673-7285 for more information or click the link below for more details.
Great for investor as it is leased through July of 2020! 1432 Edgewood Court is in proximity to campus and parks have kept this property rented consistently. Cul-de-sac location for less traffic. Close to bus lines, and easy access to the west side of Fort Collins and CSU. Call for your private showing at (970) 673-7285 for more information or click the link below for more details.
We have been saying it for years, and so have the experts! Real Estate in Fort Collins is a stable investment that does not suffer from a bubble environment (think Vegas and Miami). The combination of a stable employment base (high tech, Colorado State University, service industry and the HUGE beer industry), increasing population growth, and limited new home building opportunities all lead us to a great place to invest in real estate. Whether it is for your own home or rental properties, we have seen a steady increase in rents and in values over the last 10 years. Check out the link to the Realtor.com article below that talks about how Fort Collins is the #1 stable market in the country!
If you have any questions about real estate or investing in our Northern Colorado market, please give me a call or shoot me an email. I look forward to hearing from you!
As I start to talk with my brokers here at Windermere about goal setting, business planning, and calendaring for 2017, the conversation revolves around INTENTIONS. Goals are great (and we need to have them!), but it is very powerful to talk about what your vision is and what your intentions are for the next year.
I bring this up, because what are you going to DO (not try to do) in 2017? Do you have an intention of purchasing an investment property as a step towards being financially free? Or are you going to take advange of your newfound equity in your home and get something to fit your growing family? Or maybe you are FINALLY tired of paying the huge rental premiums to rent a home in Fort Collins.
If you set those intentions for the upcoming year and any of those involve a change in real estate and you have questions, remember I'm here even if it is just to bounch ideas off of. I'll tell you my intentions for this upcoming year (the more people that know the more accountable you are!) are to purchase two more investment properties.
I'd love to know what your intentions are for next year, and remember if you start working on them on January 1st you're late to the game!