Seller Tips

Buyer Tips On Sale On Sale 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 […]
Buyer Tips Faster   Here’s something true about today’s market. Properties are selling fast. Compared to one year ago, the number of days it takes for a property to sell is significantly lower. The industry term is “Days on Market” or DOM. DOM is way down. Here is the comparison of May 2020 versus May 2019: • Metro […]
Buyer Tips Pent Up Demand We notice a very interesting dynamic in the market right now. There was clearly a pent-up real estate demand created during the recent time when in-person showings were not allowed. The numbers back it up. First, a little background. During a portion of “Shelter in Place,” all in-person viewing of properties ceased. Instead, buyers spent […]
Buyer Tips What the Numbers Say April represents the first time we can look at the impact of COVID-19 on a full month of real estate activity. To no one’s surprise, activity in April in terms of closings and new contracts did slow significantly. Much of this slowing was caused by in person showings not being allowed for most of the […]
Buyer Tips Another Meltdown? This week our Chief Economist took a deep dive into the numbers to examine the current health crisis versus the housing crisis of 2008. The reason why? People wonder if we are going to have another housing meltdown nationally and going to see foreclosures and short sales dramatically increase. It turns out that the numbers […]
Friday Fun Facts Why No Crash This week we hosted our clients and friends for a special online event with our Chief Economist Matthew Gardner. Matthew talked about a variety of topics that are on people’s mind right now including home values. Matthew sees no evidence that home values will crash and actually sees signs that they may rise this year […]
About the area Special Event On Wednesday April 22nd you are invited to a special online event with Windermere’s Chief Economist Matthew Gardner. He will be giving his insights into the U.S. economy and what that means for real estate along the Front Range of Colorado. You will hear the answers to the biggest questions we are hearing from clients […]
Buyer Tips Inventory Drop Inventory Drop An impact we expected from COVID-19 to the housing market is reduced inventory.  That prediction is certainly proving to be true. In March, the number of withdrawn properties from the MLS went up 68% in Larimer County and 38% in Weld when compared to March 2019. Reduced inventory is one reason why we […]
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Buyer Tips Health Crisis not Housing Crisis 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.
Buyer Tips Leading Indicator We are watching close to see where the real estate market is headed. Anecdotally we can tell you that the vast majority of transactions that are under contract are still closing. We have seen very few transactions cancel because of employment issues or the wild swings of the stock market. An interesting leading indicator was […]
Buyer Tips Economist’s Perspective Our Chief Economist made a video for all of our clients where he shares his perspective on COVID-19’s impact on housing.  You can watch it by clicking the image below:    
Buyer Tips Headwind Vs. Tailwind Headwind vs. Tailwind So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns. Buyers are still active. Properties are still closing. Moving trucks are still showing up at people’s homes. Open house traffic has declined, but we notice plenty of buyers looking for property. (one of our open houses […]
Buyer Tips A History Lesson With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points yesterday, it makes some people wonder if the local real estate market might also crash or at least “correct.” A little history lesson is in order. Over the last 40 years, the real estate market along the Front Range has […]
Buyer Tips Bubble Burst Every so often we will hear a concern that another housing bubble is forming. To help answer that question it’s valuable to look at the reasons that caused the last one. There were three main drivers of the bubble that burst in 2008: 1. Easy Credit – loans were very easy to attain 2. Over-Leverage […]
About the area Vital Signs Here are the vital signs for the Northern Colorado market. First, Larimer County: Average prices are up 2.4% Number of transactions is down 2.5% Inventory is up 11.9% Days on market is up 4.1% Now, Weld County: Average prices are up 4.3% Number of transactions is up 3.6% Inventory is up 12.9% Days on market […]
Buyer Tips Most Active What is the most active price range in Northern Colorado? Take a guess… $300,000 to $400,000 $400,000 to $500,000 $500,000 to $750,000 $750,000 and above By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and […]
Buyer Tips Equity Insights The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report. Some interesting tidbits: 63% of all properties nationally have a mortgage Homeowners with mortgages collective realized a $428 billion rise in equity over last year, an increase of 4.8% Only 3.8% of all mortgaged properties have negative equity (where the […]
Seller Tips Reduced Some fascinating research from the Denver Metro Association of Realtors… 37% of properties that sold last month along the Front Range had a price reduction at some point during the listing period. Property owners who have to reduce their price take an average of 58 days to receive an offer. Those who don’t have to […]
Seller Tips Ranked! The latest report from the Federal Housing Finance Authority is hot off the press.  They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation. They show that, nationally, home prices have gone up 4.99% over the last 12 months. Here’s how the major cities rank in Colorado among the 241: #22 […]
Buyer Tips Case-Shiller The Case-Shiller Home Price Index is a well-known report in the real estate industry and a valuable way to gauge what is happening in various markets across the Nation. The report tracks home price appreciation in the 20 largest markets in the country. Their most recent report shows that, Nation-wide, home prices are up 2.1% […]