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About the area Tax Time! It’s Tax Time You probably don’t need a reminder that this is tax season. Not only because tax returns are due in two weeks but also because you will soon receive your property tax notification in the mail. Every two years your County re-assesses the value of your property and then sends that new value […]
About the area Friday Fun Facts! The Office As you travel around the Front Range you will notice the following under construction: New Homes New Apartments New Medical Facilities However, you will not notice new office buildings under construction. What gives?  I thought we had a booming economy.  Why no new office buildings? There are a couple of reasons.  First, construction […]
About the area How’s 2019? How’s 2019? A lot of my clients are asking how 2019 is starting off. Here’s one thing we notice… There are more homes to choose from, which is great news for buyers. In January alone 4,821 homes came on the market in Metro Denver. That is a 14% increase compared to one year ago. At […]
About the area The Gardner Report Check out the latest Gardner Report from Windermere’s Economist Matthew Gardner by clicking the picture below!
About the area The Misery Index Last week at our Market Forecast events, Chief Economist Matthew Gardner shared, among many stats, his famous “Misery Index.” A valuable statistic with a funny title. The Misery Index simply measures inflation plus unemployment. It’s an effective way to look at our Nation’s economy. Today’s Index sits just below 6%. Back in October 2011, it […]
About the area The Scoop Is Here!   Check out our latest quarterly market report, The Scoop! by clicking below. If you have any questions about the data please shoot me an email or give me a call! The Scoop 4th Quarter 2018
About the area 2019 Economic and Housing Forecast Preview 2019 Economic and Housing Forecast  By Matthew Gardner, Chief Economist, Windermere Real Estate  What a year it has been for both for the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the […]
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 […]
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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 Real Estate Update – The Gardner Report   The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park Counties) 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 […]
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                […]
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 […]