Economic • Market Data • September 6, 2022

Latest Home Price Index Report

by Brandon Bidwell

The latest Home Price Index report has just been released by the Federal Housing Finance Authority.

They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation.

Here is the ranking of the top three states for price growth over the last twelve months:

1. Florida = 29%

2. Arizona = 26%

3. North Carolina = 25%

The bottom three states are:

50. North Dakota = 10%

49. Louisiana = 11%

48. Minnesotta = 11%

Colorado came in at #19 with 18% price growth over the last 12 months.

Economic • December 15, 2021

American Equity Assessment

by Brandon Bidwell

CoreLogic just released their quarterly Home Equity Insights Report.

Their analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of over $3.2 trillion since the third quarter of 2020, an increase of 31.1% year over year.

In the third quarter of 2021, the total number of mortgaged residential properties with negative equity decreased by 5.7% from the second quarter of 2021 to 1.2 million homes, or 2.1% of all mortgaged properties.

Negative equity means a home is worth less than the amount owed on the property.

In Colorado, the percentage of homes with negative equity is even lower than the National average at 1.5%.

Market Data • April 17, 2021

Appreciation Rates along the Front Range

by Brandon Bidwell

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
Greeley = $376,000
Metro Denver = $544,000

These prices are generally up 10% or more compared to last year.

If you are curious to know what your personal property is worth today, even if you aren’t considering moving any time soon, I’m happy to do the research for you. Just let me know!

Market Data • October 6, 2020

Latest NoCO Real Estate Stats

by Brandon Bidwell

We just completed a review of the September numbers in our market.

Here is the one number that is standing out to us – average price.

Prices are way up over last year. Here are the specific average price increases in each of our markets compared to September 2019:

Metro Denver = 13.2%
Larimer County = 16.9%
Weld County = 7.4%

This change in prices has of course generated questions from our clients.

To help our clients answer questions about prices and other real estate topics, we have set up a private online event with our Chief Economist Matthew Gardner.

The event is set for Tuesday from 9:00 to 10:00.

Here is the registration link: https://attendee.gotowebinar.com/register/6400354351666419467

Matthew will be addressing these questions as well as many others:

What effect will the election have on the economy and on real estate?
How long can interest rates stay this low?
Can prices keep appreciating at their current pace?

This online event is for the clients and friends of Windermere. If you would like more information feel free to reach out!