This month’s Windermere Report should be arriving in your mailbox soon (if you are not already signed up to get this from me, CLICK HERE and tell me that you would like to know how the real estate market is doing each month), and I wanted to share some quick highlights.
- 48% of homes in the Fort Collins/Loveland areas are considered “affordable” to the median wage earner
- We will see 50-80% more listings hit the market March-June (yay!)
- Those homes will sell 30-50% more quickly
- We are getting BACK TO NORMAL for homeownership rates, rising back up towards a 65% rate
If these are interesting to you, I can keep you informed each month. Just DROP ME A LINE. Have a great week!
A story ran last week which highlighted the number of people who have moved out of Colorado.
Let’s get real, there are still a large number of people moving to Colorado.
In fact, 223,000 moved to Colorado from another state last year according to the latest American Community Survey from the U.S. Census Bureau.
The net migration into our state (after subtracting out people who left) was 30,859 people.
In Northern Colorado the net migration looks like this:
- Larimer County = 7,001 people
- Weld County = 7,117 people
So what does that mean for housing? Knowing that, on average, 2.5 people live in each household, the number of new housing units required for these new residents looks like this:
- Larimer County = 2,800 new housing units
- Weld County = 2,847 new housing units
Any questions about this information, give me a call!