Friday Fun Facts!

image

The Antidote

The stock market is in turmoil this week (I’m guessing that you’ve noticed). Investors feel like they’re strapped into a roller coaster at Coney Island- up and down and all around they go, thrashed around by the whims of the market.

These are words currently on financial news websites: Whiplash, Volatile, Wild Ride, Plunge!

But, here’s the deal. While the Dow Jones plummeted 4.2% yesterday (in one day!?), real estate in Northern Colorado did not.

Real Estate is the antidote for stock market heartburn.

Consider the numbers:

  • Over the last 40 years, Northern Colorado real estate prices have averaged a 5.36% increase per year.
  • The last 10 years have seen a 4.99% increase per year.
  • It took the worst economy of our lifetime in 2008 to cause prices to go down only 2.2%. (massive banks were going out of business on Wall Street and real estate prices here went down 2.2%!)
  • Our NoCo population is growing by about 13,000 per year and those people need a place to live.

If you’re looking for a predictable, tangible, calming, help-you-sleep-at-night, easy-to-understand place to put your money, real estate just might be for you!

As it turns out, I can help you with that 🙂

Now, here’s how the current events on Wall Street have a very relevant impact on real estate- interest rates.

If you attended our Market Forecast you saw how the 30-year mortgage rate has a direct correlation to the 10-year treasury note.

Rates on the 10-year note are up over a half of a percent in just a few weeks. We have seen mortgage rates go up recently and they will continue to go up.

We believe this may slow the rate of home price appreciation (this doesn’t mean ‘go down’, it means the pace of appreciation will slow).

As mentioned above, the long-term appreciation has been near 5% per year. Lately it’s been near 8%. Rising rates could cause the prices to go back to their more normal appreciation rate.

So, even if your stock market portfolio is taking a wild ride, sleep well knowing your real estate continues to perform.

Just released – a video recap of our annual Market Forecast. It will help clarify everything happening in Northern Colorado real estate.

Watch Here.

Posted on February 9, 2018 at 2:42 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

New Downtown Loveland Hotel

There has been A LOT of development in the Loveland and Fort Collins areas in the way of accommodations in the last few years. The Elizabeth Hotel in Fort Collins being one of the most notable. But Loveland is keeping up with its Foundry development that is a public/private partnership to bring even more life to the Downtown Loveland area.

A new hotel is being added to the mix, and it will be a 102 room Towne Place Suites by Marriott, and it will be right downtown. There will be an indoor swimming pool, meeting space, and will be pet friendly. Now people will be able to look at Downtown Loveland as a destination, with shopping, restaurants and hotels all within walking distance of each other.

If you have any questions about this hotel or the Foundry development in Loveland, give me a call!

Posted on February 7, 2018 at 2:37 pm
Paul Hunter | Category: About the area, Loveland Real Estate, Real Estate | Tagged , , , , ,

The Gardner Report

Every quarter Windermere’s Economist Matthew Gardner puts out the Gardner Report. Check out the lates installment of this report for Northern Colorado below!

 

Gardner Report Q4

Posted on February 6, 2018 at 3:15 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , ,

The New Elizabeth Hotel

This weekend I was able to check out the new Elizabeth Hotel in Fort Collins for dinner, and it is great! The Emporium, the restaurant in the hotel, while pricey was totally worth it for the quality and quantity of food. It has a very upscale vibe, and the hotel bar, lobby, and restaurant were PACKED on Saturday night. This is clearly the hot new destination in town. I had some friends stay there over the weekend, and the surprising thing was the price was only about $170 per night!

The Elizabeth is a pet friendly hotel, and was developed with McWhinney and Sage Hospitality. It even features something called the Beer and Bike Suite with its now beer tap, beer refrigerator fully stocked, and bikes for the guests to use. I highly recommend checking it out!

Posted on January 29, 2018 at 2:38 pm
Paul Hunter | Category: About the area, Dogs, Fort Collins Real Estate, Real Estate | Tagged , , , , , , , ,

Windermere Market Forecast

I want to thank everyone that was able to make it to our Market Forecast last week, we all really appreciate it! If you would like to get the powerpoint presentation or would like a rundown from the event, please give me a call or shoot me an email. Or if you would like to know more about the market activity in your neighborhood or the value of your home specifically, let me buy you lunch and we can talk more about it!

 

Posted on January 21, 2018 at 6:23 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , , ,

Townhomes Are Back!

With the change in construction defects laws in Colorado in 2017, we are seeing condos and townhomes coming back in force! This is great news for first time homebuyers that start with an attached home before they move on to bigger, better, and more expensive things. Here are some interesting stats that show what is going on with the townhome market…

  • Townhome and duplex growth is up 36 PERCENT for the year
  • This market segment represents 26 PERCENT of the total market
  • This is the HIGHEST percentage the townhome and condo market has ever been
  • Detached single family homes represent only 70 PERCENT of the new home starts, the lowest since 2009

This info and more is found in my monthly Windermere Report Newsletter. If you would like to sign up to receive this info from me just shoot me an email. Have a great week!

 

Posted on January 15, 2018 at 2:45 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , ,

2018 Market Forecast

Happy 2018, I hope the year is starting off wonderfully for you! As we start the year, you might be wondering, “what is going to happen in the Northern Colorado real estate market this year?” The good news is, we have an answer! We will be hosting our Annual Windermere Real Estate Market Forecast again this year, on January 18th at 5:30pm at the Marriott in Fort Collins. If you would like to attend, check out the website at www.WindermereForecast.com.

In the meantime, check out what the Windermere Economist, Matthew Gardner (who will be speaking at our Forecast event), has to say about the national market and economies below. I look forward to a fantastic year with you!

Posted on January 7, 2018 at 5:58 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , ,

Friday Fun Facts!

image

A Look Back

Here are some fun facts about 2017…

(By the way, be sure to RSVP for our Market Forecast on January 18th so you can hear our predictions for next year. Click HERE to register)

In 2017:

  • $4.6 billion of residential real estate was sold in Larimer and Weld Counties. ($2.8 in Larimer and $1.8 in Weld). This volume is double what is was in 2012.
  • There were 7,091 residential sales in Larimer County and 5,442, in Weld County.
  • On average, it took 53 days to sell a home in Larimer County and 49 days in Weld County. In 2012 it took about 25 days longer to sell a home.

To hear our predictions for the 2018 market, join our live Market Forecast event on January 18th at the Marriott in Fort Collins. Back by popular demand is Windermere’s Cheif Economist Matthew Gardner who will give you valuable and interesting insights into the real estate market. Reserve your spot at www.windermereforecast.com

image

We have big news. Windermere is coming to Windsor!. Our newest branch office is right in the heart of downtown next door to The Hearth Restaurant and Toast Coffee. Watch for a grand opening in mid-January.

Posted on January 5, 2018 at 2:19 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , ,

Home Price Increases – What Will It Cost?

Check out the picture below to see how home prices are increasing by region, this comes from www.keepingcurrentmatters.com and the direct link is HERE. Let me know what you think!

Posted on December 18, 2017 at 2:32 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , ,

Friday Fun Facts!

image

Rate Recap

The Federal Reserve raised interest rates by 0.25% this week. It was their 3rd rate increase this year.

This has us thinking about mortgage rates.

Today, 30-year mortgage rates are 3.93%.

Let’s put this in context with a little history lesson. Mortgage rates were…

  • 3.90% 6 months ago
  • 4.13% 1 year ago
  • 3.54% 18 months ago
  • 3.32% 5 years ago
  • 5.96% 10 years ago
  • 7.15% 20 years ago

So where are rates headed? Given that the Federal Reserve is expected to raise their rate three to four more times in 2018, we expect mortgage rates to be higher one year from today.

The Mortgage Bankers Association predicts rates to be 4.8% in the 4th quarter of next year. Freddie Mac’s prediction is 4.4%. If these predictions are true, that would mean mortgage rates would be back to where there were 6 to 7 years ago.

To hear our predictions for the 2018 market, join our live Market Forecast event on January 18th at the Marriott in Fort Collins. Back by popular demand is Windermere’s Cheif Economist Matthew Gardner who will give you valuable and interesting insights into the real estate market. Reserve your spot at www.windermereforecast.com

Posted on December 15, 2017 at 3:17 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , ,