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Blog Tax Confusion Did you know the value of your property according to the County Assessor is not the value of your property today? Property owners up and down the Front Range recently received a postcard from their local County Assessor’s office with their new valuation. Colorado properties are reappraised every two years on odd years.  The updated […]
Blog Drastically Different Recently it seems there are many attempted comparisons being made between today’s real estate market and the 2006-2007 market. It seems that people fear a repeat of what happened to the market in 2008 and 2009. Buyers, understandably, want to make smart decisions and don’t want to buy in advance of any downturn. The reality is […]
Blog Colorado Bound The 2020 Census confirms what we already know – Colorado is popular! It turns out that many people have been Colorado-bound over the last 10 years. Our state has grown by the equivalent of one Mile High Stadium’s-worth of people each year over the last 10 years. Here are the numbers: 2020 population is 5.77 […]
Blog Future of Work This week we had the opportunity to hear a presentation by Ed McMahon who is the Senior Fellow for Sustainable Development at the Urban Land Institute. He is a leading expert on the future of housing and development in the United States. He sees that Colorado is positioned to massively benefit from the work from […]
Blog Record Highs While our temperatures felt like record lows this week, real estate prices have been hitting record highs along the Front Range. Here is the average price for residential sales so far this year in each of our Front Range markets (includes both single-family and multi-family): Fort Collins = $567,000 Loveland = $449,000 Windsor = $537,000 […]
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 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 […]
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Buyers Homebuilder Headaches The National Association of Home Builders recently surveyed their members to ask them about the challenges they currently face and the challenges they expect to face. Far and away, the biggest headache for homebuilders right now is the rising cost of building materials. 96% of the survey respondents cited this as a significant problem they […]
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 & 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 Latest Ranking CoreLogic produces one of the most respected and widely-used home price index reports in the United States. They track home price appreciation in the largest markets across the Country. Here are the highlights from their most recent report: Home prices are up 9.2% Nationally This is the highest increase since February, 2014 Denver ranks fourth […]
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