Economics 101

Blog New Rate Prediction Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021. You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video. By the end of the year he predicts rates will rise to 3.63%.  By the end of […]
Buyers & Sellers How Will COVID-19 Impact the Housing Market? Real Estate Investing Throughout this crisis, you most likely have a lot of questions about how COVID-19 is impacting the housing market. We want to make sure to provide you with the most information that we can so you can know what to expect when buying or selling your home. How Is the Economy Going […]
Buyers 96 Weeks Mortgage rates have been below 4% for 96 weeks in a row. Today, the average 30-year fixed mortgage rate sits at 3.17%. This is 0.5% lower than January and exactly 1.0% lower than March 2020. Rates recently ended a 31-week streak of being under 3%. Over the last 5 years, rates have averaged 3.8%. Most […]
Buyers Enormous Equity Hot off the press is the Core Logic Homeowner Equity Report.  This is their quarterly look at what is happening with homeowners’ equity across the country. Here are the staggering numbers coming out of their research: Collectively, U.S. homeowners with mortgages have realized a $1.5 Trillion gain in equity over the last 12 months. Only […]
Buyers Days of Inventory  • BUYERS • COLORADO • FUN FACTS • HOUSING TRENDS • LARIMER COUNTY • MARKET NEWS • MARKET UPDATE • NORTHERN COLORADO REAL ESTATE • SELLERS • WINDERMERE REAL ESTATE  In the residential real estate industry, inventory is typically measured in months. For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less […]
Buyers Double Lumber   The price of lumber has doubled in three months.   Lumber is just one of several examples of skyrocketing materials costs which are impacting both home builders and home buyers.   The cost of lumber is now at a record-level $1000 per 1000 board feet.   These rising costs not only add to the […]
Buyers & Sellers Job Bounce  • BUYERS & SELLERS • ECONOMY • FUN FACTS • HOUSING TRENDS •  “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most […]
Economics 101 Q4 2020 Colorado Real Estate Market Update by Matthew Gardner The following analysis of the Metro Denver & Northern Colorado real estate market 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 your area, please don’t hesitate to contact […]
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