Economic

Economic NOCO Gardner Report Q1 2023 The following analysis of select counties of the 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 your Windermere Real Estate […]
Economic Employment & Real Estate As the job market goes, so goes the housing market.  This is a fact about any primary housing market. If employment is growing, the housing market will keep growing. One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back. Not […]
Economic Latest Home Price Index Report 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% […]
Economic New Home Trivia Here’s a trivia question… The number of new, single-family homes completed in 2022 will most closely resemble which prior year? If you guessed 1993, you are correct. Yes, the number of homes built and completed this year is no more than the number from 30 years ago. In 2022, there will be just over 1 […]
Economic 2022 Q2 Real Estate Report The following analysis of select counties of the 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 your Windermere Real Estate […]
Economic Recessions & Real Estate Our clients wonder what a recession would mean for the real estate market. Many assume it would translate into a downturn in prices. Some even worry that it would cause values to come crashing down. We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market. […]
Economic Job Openings in Construction It’s not just the availability of materials impacting home builders today, it’s also the availability of labor. The market could use more inventory.  Home builders are trying to catch up. You’ve likely read the stories about the cost and availability of materials making an impact on home builders’ ability to keep pace with demand. It […]
Economic American Equity Assessment 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 […]
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Economic Perspectives on Real Estate Prices Let’s put today’s home prices in perspective. Appreciation has been significant over the last 18 months.  Some people are wondering if it can last and if there might be a housing bubble. There are two ways to look at prices.  One way is in absolute terms.  This is simply looking at the dollar amount a […]
Economic CO Real Estate Equity One of the reasons we are so confident about the long-term health of the market is because of the equity that exists in peoples’ homes today. Because there is so much equity, there are very few homeowners who are ‘underwater’ with a loan that is more than the actual value of the property. According to […]
Economic News on Mortgage Forbearance For anyone worried that mortgage forbearance would eventually cause a flood of distressed properties to hit the market, there is good news this week. The number of mortgages in forbearance continues to drop and hit its lowest point since April of 2020. Loans in forbearance dropped 12% compared to one month ago. It appears the growing economy […]
Economic Different Era, Different Market 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 […]
Economic The 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 […]
Economic 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 […]
Economic How Lumber is affecting our Housing Market 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 sales price of a […]
Economic Latest Appreciation Ratings 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 […]
Economic Economists Prediction on Interest Rates Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They are currently at […]
Economic 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 your Windermere agent.  […]
Economic Housing and Economic Update In this episode Windermere Chief Economist Matthew Gardner dives into three of the latest housing market data releases and gives context to their historical significance.
Economic Consumer Confidence in Housing Survey This week Chief Economist, Matthew Gardner, dives into the most recent National Housing Survey results which tell us a lot about consumer confidence both pre- and post-COVID and whether or not they feel this is a good time to buy or sell a home. The results might surprise you.