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Blog Where Are The Sales?   A high-level look at the Northern Colorado region shows that the number of residential sales is down 5.4% in Larimer County and up 4.7% in Weld County. This is simply comparing the number of closings from June 2018 to June 2019 versus June 2017 to June 2018.   The high-level look doesn’t tell the […]
Blog New Construction News! New Home News Nationally, sales of new homes are stronger than they have been in a long time.  March was the best month since 2007 and April was the third-best month in that same time period. This research comes from the National Association of Home Builders who show that we are on pace to sell […]
Blog Down Again Mortgage rates dropped again for the fourth week in a row. The average 30-year rate is now 4.06% which is the lowest it has been all year. Rates today are actually the lowest they have been since early 2018. The main factor driving rates down is the trade war with China. Investors are shifting money […]
Blog Down Again Mortgage rates dropped again for the fourth week in a row.   The average 30-year rate is now 4.06% which is the lowest it has been all year. Rates today are actually the lowest they have been since early 2018. The main factor driving rates down is the trade war with China. Investors are shifting […]
Blog The Question of the Day As we are helping people understand their new property assessments and putting together information so that they may protest their new valuation, here is the most common question we hear… Did my property really go up that much? Here are some stats that will help you answer that question. First, you need to know that […]
Blog Inventory vs . Sales A stat we find interesting is the relationship between the inventory for sale versus what is actually selling. Specifically what we look at are price ranges. We are curious to know if the inventory that is for sale lines up with what the buyers want. Here’s what we notice… In Larimer County, 23% of all the […]
Blog Tax Time Property owners all over Colorado have a gift waiting for them in their mailbox- their new property tax notifications. Every two years, each county in Colorado places a new value on property for property tax purposes. No surprise, values were up along the Front Range. Here is the percentage of increase for various Colorado counties (keep […]
Blog Chugging Along The real estate market keeps chugging along. Here’s news from the Mortgage Banker’s Association… Last week, applications to purchase a home hit their highest level since April 2010. This is clearly a sign that the spring selling season is starting off in full swing. You may remember that the reason why April 2010 was so active […]
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Blog Which Market? So, which is it? A buyer’s market or a seller’s market? Well, it depends! First, let’s define each market. According to research, a buyer’s market exists when there is more than 4-6 months of inventory on the market. If it would take longer than 4-6 months to sell out all of the inventory currently for […]
Blog It’s Tax Time You probably don’t need a reminder that this is tax season. Not only because tax returns are due in two weeks but also because you will soon receive your property tax notification in the mail. Every two years your County re-assesses the value of your property and then sends that new value to you. When […]
Blog Party Like It’s 2018!   Just a few months ago most people thought mortgage rates were heading to 5% and now they are back to where they were a year ago.   You probably saw this week’s news from the Federal Reserve declaring that they would not raise their Federal Funds rate for the rest of 2019   (just […]
Blog Condo Cyclone   While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers. What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range.   Compared to last year, multi-family inventory […]
Blog The Office As you travel around the Front Range you will notice the following under construction:   New Homes New Apartments New Medical Facilities   However, you will not notice new office buildings under construction. What gives?  I thought we had a booming economy.  Why no new office buildings? There are a couple of reasons.  First, construction […]
Blog Vegas Baby!   The results are in from FHFA.gov’s latest ranking of the top performing markets in the U.S. Each quarter they track 245 cities across the country and rank their real estate markets by home price appreciation.         What’s the highest performing city the the U.S. Vegas!  Their prices have gone up 17.63% in the last […]
Appreciation Rate 4 in 40 Did you know, according to FHFA, prices in Larimer County have dropped more than 1% only 4 times in the last 40 years? FHFA stands for the Federal Housing Finance Authority. We are one of 261 markets that they track. Since 1978 they have been measuring home price appreciation here. If you look at the […]
For Buyers The Whole Story Metro Denver has 2.1 months of inventory on the market. This means that, at the current pace of sales, it would take just over 2 months to sell every single-family home currently listed for sale. But that’s not the whole story because inventory levels vary drastically depending upon the price of the home. When we […]
Blog How’s 2019? A lot of our clients are asking how 2019 is starting off. Here’s one thing we notice… There are more homes to choose from, which is great news for buyers. In January alone 4,821 homes came on the market in Metro Denver. That is a 14% increase compared to one year ago. At our annual […]
Blog Why No Bubble   There are several reasons why our Chief Economist does not believe there is a housing bubble today in the U.S. Below is a slide he shared at our recent market Forecast events. It shows U.S. Home ownership rate, which is simply the percentage of the population who own their home (versus renting). The long-term […]
Blog Misery Index Last week at our Market Forecast events, Chief Economist Matthew Gardner shared, among many stats, his famous “Misery Index.” A valuable statistic with a funny title. The Misery Index simply measures inflation plus unemployment. It’s an effective way to look at our Nation’s economy. Today’s Index sits just below 6%. Back in October 2011, it […]
Blog Our Forecast This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins. Thank you to the 700 people who attended. We appreciate your support! In case you missed the events, here are some highlights including our forecast for price appreciation in 2019: • In 2018 […]
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