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Market Data All Time High   Home Builder’s confidence in Baby Boomer buyers is at an all time high. The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales.   The builders base a large part of their answer on how many people are visiting their sales centers and model homes […]
Market Data The beginner’s guide to Home Appraisals   Appraisals are used as a reliable, independent valuation of a tract of land and the structure on it, whether it’s a house or a skyscraper. Designed to protect buyers, sellers, and lending institutions, appraisals are an important part of the buying/selling process. Below, you will find information about the appraisal process, what goes into […]
Market Data 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 […]
Market Data Most Active Price Ranges   What is the most active price range in Northern Colorado?  Take a guess… $300,000 to $400,000 $400,000 to $500,000 $500,000 to $750,000 $750,000 and above By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and […]
Market Data Our Favorite Real Estate Podcasts   Podcasts are a growing medium as listeners search for new sources of entertainment and information. In 2018 there were about 550,000 podcasts, in 2019 there are more than 750,000. Listeners are growing too, an estimated 20 million more people in the U.S. are listening to podcasts this year as compared to2018. This growth in audio entertainment inspired […]
Market Data Equity Insights The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report. Some interesting tidbits: ·         63% of all properties nationally have a mortgage ·         Homeowners with mortgages collectively realized a $428 billion rise in equity over last year, an increase of 4.8% ·         Only 3.8% of all mortgaged properties have negative equity (where the […]
Buyers $ on sale! With interest rates so low, one could argue that money is essentially on sale. It’s actually half off. 30-year mortgage rates hit 3.75% which is exactly half of their long term average. Rates have averaged 7.5% over the last 40 years so today buyers are getting half of that rate. The “sale” on mortgage rates […]
Market Data Home Ownership Rate An interesting stat which can give some insight to the national market is the Home-ownership Rate. It simply looks at the percentage of Americans who own their home instead of rent. The most recent report from the Census Bureau shows the rate at 64.2%. Most importantly, this number is showing stability after many years of […]
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Buyers Net Worth It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth. Check out these numbers from the Federal Reserve’s Survey of Consumer Finances: Median Net Worth in the U.S. = $97,300 Median Net Worth of a Renter = $5,200 Median Net Worth of a Homeowner = $231,400 […]
Buyers Fort Collins Appreciation Ranked!   The latest report from the Federal Housing Finance Authority is hot off the press. They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation. They show that, nationally, home prices have gone up 4.99% over the last 12 months. Here’s how the major cities rank in Colorado among the 241: […]
Market Data Big Home Value Bounce! Seventy-five major metro markets have seen home prices bounce back to above their pre-recession peaks. Metro Denver has seen the biggest bounce with home values 91% above its previous high in 2007 , according to the Home Price Recovery Index from HSH.com. “Aside from routinely strong home price appreciation, it’s important to know that the Denver […]
Fort Collins Realtor How Much? So how much real estate is sold in Northern Colorado? As it turns out, a lot! Last month alone there were 1,099 single family homes that sold in Larimer and Weld Counties The average price was $429,144 which means the total sales volume for one month was $471,629,129 (almost a half a billion)! Over the last 12 months, […]
Fort Collins Realtor Fort Collins Appreciation Rank The latest report from the Federal Housing Finance Authority is hot off the press. They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation. They show that, nationally, home prices have gone up 4.99% over the last 12 months. Here’s how the major cities rank in Colorado among the 241:   […]
Fort Collins Realtor Home Price Index The Case-Shiller Home Price Index is a well-known report in the real estate industry and a valuable way to gauge what is happening in various markets across the Nation. The report tracks home price appreciation in the 20 largest markets in the country. Their most recent report shows that, Nation-wide, home prices are up 2.1% […]
Buyers Interest Rate Bounce Rates hit near-historic lows this week and are now at 3.49% for a 30-year mortgage. There have only been two other times in history when rates have been this low- April 2013 and October 2016. It’s interesting to see what happened soon after bottoming out these last two times. In April of 2013 rates hit […]
Fort Collins Realtor How’s the Market? If you are curious to know the current stats, trends, and dynamics in our market, this online workshop is for you! See exactly what is happening in our real estate market today so you are clear about where it is going. The questions we will answer for you: – Are prices still going up? – […]
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