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Fantastic patio home at 1523 64th Avenue in The Dens neighborhood at Fox Run! This spacious home offers five bedrooms, three bathrooms, a fully finished basement, vaulted ceilings, a gas fireplace, central air, Alder Tharp cabinets, hickory floors, Pella windows, granite counter tops, over sized garage, and a private covered deck! HOA includes sprinkler blowout, snow removal, trash, lawn care, basic cable television and management. Completely maintenance free living! Contact Stephanie Woodard for your private showing at (970) 215-2676 for more information or click the link below for more details.
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 average is 65% represented by the red line.
In the graph you can clearly see the bubble forming. Starting in the mid-90’s, driven by several political and economic factors, more people than ever before became homeowners.
Then, starting in, 2008, the bubble burst and the percentage tumbled back down.
Now, as you can see, we are back at a “normal” level that resembles the long-term average.
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If you would like a copy of the entire Forecast presentation, go ahead and reach out to us. We would be happy to put it in your hands.
Evans Homes for Sale • Virtual Tour •
January 25, 2019
Beautiful Paired Home in Evans!
Must see stylish paired home 3117 Barbera St in Grapevine Hollow with 4 bedrooms and 4 bathrooms, open floor plan, vaulted ceilings, a large main floor master with en suite master bath. Relax under the covered front porch or entertain on the rear deck with pergola and fenced in yard. This home features contemporary vinyl flooring, updated finishes, awesome kitchen and breakfast bar, stainless steel appliances and a huge walk in pantry. Check out the finished basement with a wet bar, large family room, 4th bedroom, and storage area. Convenient main floor laundry, central air and heat, sprinkler system, extra refrigerator and much more! Contact John Taylor for your private showing at (970) 541-1003 for more information or click the link below for more details.
Blog • Fun Facts • Market News •
January 25, 2019
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 was close to 13%.
The lowest it has been in the last 7 years is October 2015 when it was near 5%.
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If you would like a copy of the entire Forecast presentation, go ahead and reach out to us.
We would be happy to put it in your hands.
Longmont Real Estate • Virtual Tour •
January 18, 2019
Charming Home in Longmont Close to Main Street!
This charming home at 327 6th Ave in Old Town Longmont offers 2 bedrooms, 1 bathroom, a fully refinished kitchen with soft close drawers and cabinets, newer paint, updated bathroom, and refinished floors all in 2016. Great lot! One block from a park, and within walking distance to Main Street. Enjoy spring and summer on the flagstone patio and watch the Iris bloom. All appliances stay; including deep freezer and washer and dryer. Hot water heater replaced in 2017. Contact Stephanie Woodard for your private showing at (970) 215-2676 for more information or click the link below for more details.
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 Prices went up:
o 8% in Fort Collins
o 8% in Loveland
o 8.5% in Greeley
o 8% in Metro Denver
• Inventory is (finally) showing signs of increasing:
o Up 25% in Northern Colorado
o Up 45% in Metro Denver
• There are distinct differences in months of inventory across different price ranges = opportunity for the move up buyer.
• There are several reasons why we don’t see a housing bubble forming:
o New home starts along the Front Range are roughly 60% of pre-bubble highs 14 years ago.
o Americans have more equity in their homes than ever, $6 Trillion!
o The average FICO score of home buyers is significantly higher than the long-term average.
o The home ownership rate is back to the long-term average.
• Our 2019 Price Appreciation Forecast:
o 6% in Fort Collins
o 6% in Loveland
o 7% in Greeley
o 6% in Metro Denver
If you would like a copy of the presentation, go ahead and reach out to us. We would be happy to put it in your hands!
Blog • For Buyers • Fun Facts •
January 11, 2019
More Choices
Great news for buyers! There are more homes to choose from. It seems there is relief from the days of drastically low inventory levels.
Compared to a year ago, residential inventory levels are up:
• 9% in Northern Colorado (Larimer & Weld Counties)
• 45% in Metro Denver (wow!)
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You can get many more fun facts like these plus get our predictions on the 2019 market by joining our annual Market Forecast. Just click the link below!
https://www.eventbrite.com/o/windermere-real-estate-12011801121
Virtual Tour • Windsor Real Estate •
January 7, 2019
Charming 1919 Bungalow in Windsor!
Welcome home to this charming bungalow built in 1919 at 700 Walnut Street in the heart of Old Town Windsor. Providing easy access to I-25, downtown Windsor and Windsor Lake, this home features beautiful hardwood floors, a spacious and screened front porch overlooking the historic Walnut Street corridor, a private backyard with mature landscaping, and a finished basement! Contact Meaghan Nicholl for your private showing at (970) 497-9045 for more information or click the link below for more details.
Blog • Fun Facts • Market News •
January 4, 2019
What Our Expert Think
Here’s what our Chief Economist, Matthew Gardner, thinks about the 2019 U.S. Housing Market. He is regarded as one of the Country’s experts on real estate and is frequently quoted by leading industry publications.
• Existing Home Sales up 1.9% to 5.4 million units
• Home Prices up 4.4%
• New Home Sales up 6.9% to 695,000 (the highest since 2007)
If you want to see all of Matthew’s predictions including where interest rates are headed, get signed up for our annual Forecast. Click the link below!
https://www.eventbrite.com/o/windermere-real-estate-12011801121
Evans Homes for Sale • full unfinished basement • Virtual Tour •
December 28, 2018
Well Cared for Home in Evans!
Beautiful 3 bed/3 bath home at 3520 38th Avenue in Evans with 2 car garage, with full unfinished basement. This home is close to parks, shopping, and many other amenities. Main floor master and main floor laundry. New carpet in the bedrooms. Updated vanity, mirror, and lighting in bathrooms. Enjoy the backyard; patio and landscape. Includes kitchen appliances, clothes washer, clothes dryer. Contact Stephanie Woodard for your private showing at (970) 215-2676 for more information or click the link below for more details.
