Market Data

Economic Chief Economist’s Housing & Economic Update On this week’s episode of “Mondays with Matthew”, Matthew Gardner discusses what is needed to motivate more Millennials to buy and the important role they play in the long-term health of the US housing market.
Market Data Mortgage Rate Forecast for the rest of 2020 This week on “Mondays with Matthew”: Now that things have settled down somewhat following the initial impact of COVID-19, Matthew dives into the topic of mortgage rates. Will they go below 3%? Matthew discusses this and the factors that have formed his updated 2020 and 2021 mortgage rate forecast.   
Market Data 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 […]
Market Data Economist Q&A Webinar (Wed 4/22) 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 […]
Market Data Compare Troutman Park Home Valuations Here Online home valuations can vary quite a bit. When I looked up my homes value online I found estimates that ranged anywhere from $435,836 to $525,442 (that’s an 18% margin). After looking over a market analysis I prepared the fact of the matter is that my home’s worth somewhere around $435,000 to $450,000. If you’re […]
Market Data Economic Impact of NoCo’s Public Universities A recent study by Emsi illustrates the economic impact that Northern Colorado’s Public Universities have on our local economy.
Market Data Economic 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 […]
Market Data Under Contract Properties on Rise! According to Info Sparks (which is a data resource for Northern Colorado’s multiple listing service of homes for sale), we’re seeing a significant increase in the number of properties going under contract this year.  Here is a snapshot of each January since 2015: 2015 = 1312 2016 = 1349 2017 = 1372 2018 = 1495 […]
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Market Data What causes Real Estate Bubbles to 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: Easy Credit – loans were very easy to attain Over-Leverage – people […]
Buyers Housing Affordability Research Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years. Here’s some interesting research on affordability… Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country. Their method is to count the number of homes in […]
Fort Collins Real Estate Northern Colorado Real Estate Market Update   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 me.   […]
Market Data Interest Rate Forecast Here is our interest rate Forecast for the next year. Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020. He doesn’t see rates going above 4.0% until at least the first quarter of 2021. This is obviously great news for buyers as their […]
Market Data The 12 Facts of Real Estate Here are 12 facts about Colorado real estate as we head into 2020: 1 is the ranking Colorado owns for long-term home price appreciation versus all other states 2.6% unemployment rate in Colorado right now 3.73% mortgage rate for a 30-year mortgage which is about half of the long term average 4.7% apartment vacancy rate […]
Market Data Do Election Years Impact the Real Estate Market? It’s an election year which means that our clients are asking us if election years impact real estate. According to research done by Real Trends there is zero correlation between election years and the number of transactions in the market compared to non-election years. They found that sales were down in 1980, 1988, and 2008 compared to […]
Buyers Matthew Gardner’s 2020 Mortgage Rate Forecast Each year Windermere’s Chief Economist, Matthew Gardner, forecasts into the next. Here’s what he expects for Mortgage Rates in 2020.  
Market Data 2020 Economic & Housing Market Forecast As we head toward the end of the year, it’s time to recap how the U.S. economy and housing markets performed this year and offer my predictions for 2020.   U.S. Economy In general, the economy performed pretty much as I expected this year: job growth slowed but the unemployment rate still hovers around levels […]
Buyers Good News for home buyers in NOCO! Here are some vital signs for the Northern Colorado Real Estate Market. This data will show how statistics now compare to this time last year.  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 […]
Market Data Local Job/Employment News There is an abundance of great news when it comes to employment in Colorado. The unemployment rate is incredibly low at 2.7% which is almost a full percentage point lower than the U.S. average. According to the Bureau of Labor Statistics, Metro Denver added 28,300 jobs over the last year which ranks 15th out of […]
Market Data New Homes in Larimer vs Weld Two Tales   This is a Tale of Two Counties. When it comes to new home activity, there is a big difference between Larimer and Weld Counties. Larimer County’s new home starts are down 10% and new home closings are down 15% compared to last year. Weld County’s new home starts are up 18% and […]
Market Data Troutman Park Home Sale in 2019 vs 2016 The home at 642 Larkbunting Dr. is a great barometer of Fort Collins local real estate market. The sale of this home from last month (Oct 2019) gives us a great example of today’s real estate market compared to our market back in 2016 (It’s previous sale date was 6/16/2016).   On 6/16/2016 the property […]