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Economics 101 Matthew Gardner Weekly COVID-19 Housing & Economic Update: 3/30/2020 Every Monday Windermere Chief Economist Matthew Gardner provides an update regarding the impact of COVID-19 on the US economy and housing market. This week he discusses what it really means for the economy and housing to be in a COVID-19 induced recession (hint: it’s not all bad news).
Fun Facts Leading Indicator We are watching close to see where the real estate market is headed. Anecdotally we can tell you that the vast majority of transactions that are under contract are still closing. We have seen very few transactions cancel because of employment issues or the wild swings of the stock market. An interesting leading indicator was […]
For Buyers & Sellers What ‘s My Home Worth? The Downside to Home Valuation Tools What’s your home worth?   It is a seemingly simple question. However, discovering the worth of your home is more complicated than it might seem. Sites like Zillow, Redfin, Eppraisal, and others have built-in home valuation tools that make it seem easy, but how accurate are they? And if you get three different answers, which […]
Fun Facts Economist’s Perspective Our Chief Economist made a video for all of our clients where he shares his perspective on COVID-19’s impact on housing.  You can watch it by clicking the image below:
Fun Facts Headwind vs. Tailwind So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns. Buyers are still active.  Properties are still closing.  Moving trucks are still showing up at people’s homes. Open house traffic has declined, but we notice plenty of buyers looking for property.  (one of our open houses last weekend had […]
Fun Facts A 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 […]
Fun Facts Lovely Stats In honor of Valentine’s Day, here are some Northern Colorado stats we think you will love: Prices are up 3.5% compared to last year Inventory is up 10% which means there is more selection for buyers We just had the most active January in terms of closings in over 10 years Well over 13,000 residential […]
Fun Facts Supply and Demand Northern Colorado gave us a real-life economics lesson in January 2020. Compared to one year ago… ·         Inventory was down 10% (Supply) ·         Homes under contract went up 31% (Demand) ·         Prices were up 5% (Result) If you would like to see a video recap of our annual Market Forecast you can watch that HERE.
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Home Owner Is it time to downsize? Choosing less space often has to do with a desire to live a life that’s simpler. Whether you’re retiring, want an eco-friendly, low-maintenance lifestyle or your children have moved away, downsizing might be the best option for you. Here are the advantages and disadvantages to consider before making the move and questions to begin asking […]
Economics 101 Matthew Gardner – Will There Be A Recession in 2020? Windermere Chief Economist, Matthew Gardner, answers the most pressing question on everyone’s minds: Will there be a recession in 2020? Here’s what he expects to see.
Fun Facts Millennial Buyers Millennials often get a bad rap.  One of the myths about Millennials is that they don’t own homes and will be renters forever. Not true!  Especially on the Front Range of Colorado. Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro […]
Fun Facts Zero Correlation 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 […]
Fun Facts Big Numbers It turns out a lot of real estate changes hands over the course of a year in our market. In 2019 Metro Denver had… Over 56,000 residential sales Over $28 Billion of residential sales volume Overall, 2019 saw a slight increase in the number of transactions compared to 2018 and approximately a 5% increase in […]
Economics 101 Save Your Spot A quick, simple Fun Fact for you this week… It’s time to sign up and register for our annual Market Forecast event. We will be live in Denver on January 15th at the Wellshire Events Center. And In Fort Collins on January 16th at the Marriott. Both events start at 5:30.  Choose which location works best for you. Matthew […]
Fun Facts The 12 Facts of Real Estate While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado real estate: 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 […]
Fun Facts Vital Signs Here are the vital signs for the Northern Colorado market. 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 4.3% Number of transactions is up 3.6% Inventory is up 12.9% Days on market is […]
Economics 101 Matthew Gardner’s 2020 Real Estate Forecast It’s that time of year when Windermere’s Chief Economist Matthew Gardner dusts off his crystal ball and peers into the future to give us his predictions for the 2020 economy and housing market.
Blog Four Holiday Décor Trends to Inspire You This Season The holiday season is here and for many of us, that means it’s time to deck the halls. If you’re looking for some inspiration and a place to start, here are some ideas that are certain to get everyone in the spirit.    A Tree of a Different Color For many, there’s nothing more quintessential […]
Fun Facts County by County Metrostudy, who in our opinion is the leader in new home research, recently did a study on the average price of a new home in each of the Front Range Counties. Here are some interesting takeaways…   If you want to find the least expensive new home on the Front Range, the places to look […]
Blog Job 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 […]
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