I hate to burst your bubble…

Every so often we will hear a concern that another housing bubble is forming.

To help answer that question it’s valuable to look at the reasons that caused the last one.

There were three main drivers of the bubble that burst in 2008:

  1. Easy Credit – loans were very easy to attain
  2. Over-Leverage – people were using their homes at ATM’s
  3. Over-Supply – too many new homes were being built

Now, let’s compare that to today:

  1. Stricter Credit – the average home buyer today has a FICO score of 755
  2. High Equity – collectively, U.S. homeowners have $19 Trillion of equity in their homes and collective mortgage debt has not increased for 13 years
  3. Under-Supply – today we are building only two-thirds of the new homes being built in 2004 yet the population is much higher

Given this healthy information, we don’t see another housing bubble forming today.

If you would like to see a video recap of our annual Market Forecast you can watch that HERE.


Posted on February 24, 2020 at 4:33 pm
Anali Roath | Posted in Uncategorized |

Stunning Mountain Views in Longmont!

Unique mountain property at 15800 Moss Rock Drive in Longmont just outside of the city and close to beautiful hiking spots. Enjoy 35+ rolling acres of your own mountain oasis that is close enough to town to still give you all the convenience of the city. The attached 2 car garage and detached 5 car garage have plenty of space for all of your toys, cars and trucks! There are views in every direction from every window in the home and plenty of living spaces for entertaining or enjoying some seclusion. With Open zoning, this home has endless possibilities for you and your business or hobbies. Call for your private showing at (970) 829-8818 for more information or click the link below for more details.

http://windermerenoco.com/listing/106049530


Posted on February 14, 2020 at 5:04 pm
Anali Roath | Posted in Longmont Real Estate, Virtual Tours | Tagged , , , , , , , , ,

The ColoRADo Adventure Hostel

If you’re anything like me, around this time of year you start to go a little bit stir crazy. No matter where you live — even if you’re surrounded by gorgeous, snow-capped mountains every day, like I am! — every now and then you need to hop in a car or board a plane and be someplace else for a little while.

(No? Just me?)

Here’s a local-ish getaway that I am putting on my “maybe some day” list: the ColoRADo Adventure Hostel, or the Rad Hostel for short. The Rad Hostel is close to my family’s stomping grounds in the Springs, and — well here, I’ll let them tell you:

In the shadow of Pikes Peak, and just a few miles from Garden of the Gods, this RAD new hostel is a blend of Colorado’s art, mountain culture and fresh Colorado Springs vibe.

Though I’m married with children now, there is definitely a part of me that wants to join the Rad Hostel crew for their drum circle on Thursday or their pancakes and sunset hikes on the weekend. It also sounds perfect for a getaway trip with friends.

Keep an eye on Rad Hostel on Facebook, where they often give away ski packages or share plans for their silent discos.


Posted on February 9, 2020 at 7:00 am
Anali Roath | Posted in Colorado Springs, Fun Facts, Realtor life | Tagged , , , , , , ,

The Best Family-Friendly Activities in Fort Collins (with a few bonus ideas)

The tourism organization Visit Fort Collins does a wonderful job of sharing information about the vibe in this city and the new activities that are constantly being added. Their most recent video, The Best Family-Friendly Activities in Fort Collins, highlights a few of my family’s favorites, including:

Here are just a few more that I would have included:

  • My gym, Genesis North: They offer great kids programming (and daycare), and just started up a kids’ version of CrossFit!
  • Twin Silo Park: Fort Collins has countless beautiful parks and natural spaces, but this is a particular favorite of my tiny human.
  • Horsetooth Reservoir: I am so happy that my kiddo likes to hike and kayak. It feels like we spend half our summer on the reservoir!

What are your favorite family-friendly spots in Fort Collins?


Posted on February 2, 2020 at 7:00 am
Anali Roath | Posted in Fort Collins Real Estate, Fun Facts, Realtor life | Tagged , ,

Affordability

Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years.

Here’s some interesting research on affordability…

Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country.

Their method is to count the number of homes in a market that could be purchased with that particular market’s median income.

For example, San Francisco is the least-affordable market where only 8.4% of the homes could be purchased with their median income.

The most-affordable is Monroe, Michigan where 95.3% of the homes could be purchased with their median income.

Guess where all of the 10 least-affordable markets are.  California!

Guess where almost all of the 10 most-affordable markets are.  The rust belt (cities in Michigan, Ohio, upstate New York, etc.)

The U.S. average is 63.6%.

Metro Denver comes in at 55.3% and Northern Colorado at 54.5%.

So, roughly half of the homes in our market could be purchased with our local median income.


Posted on January 31, 2020 at 11:14 am
Anali Roath | Posted in Uncategorized |

Baby showers and the power of community

My husband and I are expecting a little girl in a few weeks (hurray!!), so it is baby shower time in my life. Is there any better example of the power of community than a baby shower? Here are three big ideas I’ve taken away from my recent baby shower experience.

  1. Your community is there, you only need to invite them. People have come out of the woodwork to support our new baby (and the big-brother-to-be)! A baby shower is a wonderful time to say “I could use some help” — but it’s certainly not the only time you can ask for support. When a friend reaches out to ask me for help, I am delighted. We should all remember to ask more often!
  2. It takes a village to raise a child. My community has truly rallied around my family, and it has been such a great reminder that we’re not doing this alone. Friends have brought gifts for my little boy to make sure he knows he’s a special part of this process. They have given my husband and me countless pieces of advice, product recommendations, and even clothes that their own kiddos have outgrown. I am part of a tribe.
  3. The vibe of Fort Collins fosters community. A friend of mine hosted a baby shower for me at nearby Snowbank Brewing. Something tells me that’s not normal operating procedure all around the country, but in Colorado it’s completely natural to hold *any* kind of shindig at a brewery. Friends (men and women) came to raise a glass (water for me, thanks) in a cozy, relaxed atmosphere. Taking events out of the home and into a local business gives me a sense of being part of a wider community. (Plus, um, I get to meet new dogs at Snowbank.)

What does your community look like? Is it time to reach out and reconnect? If you’re looking for support, don’t forget to ask!

 


Posted on January 26, 2020 at 7:00 am
Anali Roath | Posted in Realtor life | Tagged , , , , , , , ,

Rate Forecast

Here is our interest rate Forecast for the next year.

Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020.

He doesn’t see rates going above 4.0% until at least the first quarter of 2021.

This is obviously great news for buyers as their payments will stay much lower as compared to having a rate at the long-term average of 7.5%.

If you would like to see the slides from Matthew Gardner’s Forecast presentation, we would be happy to get those in your hands.  Just let us know if we can help!


Posted on January 24, 2020 at 2:20 pm
Anali Roath | Posted in Uncategorized |

Setting intentions in 2020

January is heaven for me. I’m a goal-setter, a journal-writer, a vision board-er. I love my life but I can always think of a dozen adjustments I’d like to make, and I live for that “fresh start” feeling that the new year brings.

This year, my biggest goal (I prefer “goal” to “resolution”) is all about intention. Like so many other women I know, I live that hectic mom life. It can be easy to trade convenience for quality, or to get so caught up in the hustle and bustle that I lose track of what’s truly meaningful. Here are a few of the ways that I’d like to bring more intention into my life in 2020:

Intentional time with my tiny human. One huge and happy shake-up I have planned for 2020: I’m expecting another baby! While my sweet family of 3 is definitely looking forward to expanding, I want to be sure the big-brother-to-be gets as much of my time and attention as he deserves.

Intentional time with my husband. My husband is a fantastic father — but he’s also more than that. It’s time to carve out date nights again, remember how we make one another laugh, and reconnect as the unique people who first fell for one another.

Intentional time with my clients. My clients have goals just like I do, and I am going to help them achieve their real estate dreams! That starts with intentional communication and the same kind quality time I’d give to any relationship that mattered to me. I believe that this is already a service that I provide, but to me it’s always worth reflecting and making sure I am living up to my goals. How might I serve you better in 2020?


Posted on January 19, 2020 at 7:00 am
Anali Roath | Posted in Uncategorized | Tagged , , , , , , , , , ,

The Millennial Buyer

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 Denver and Colorado.

In Metro Denver, 50% of all buyers last year were in the Millennial demographic.

In Northern Colorado, the number is 41%.

It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.


Posted on January 17, 2020 at 3:19 pm
Anali Roath | Posted in Uncategorized |

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 prior years, and sales were up in 1992, 1996, 2000, 2004, 2012, and 2016.

To hear more about what will happen this year in real estate and the factors that really do impact our market, be sure to get registered for our annual Market Forecast event next week.

It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 15th at the Wellshire Event Center.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.

7037389_1576607038yQiWINRE_Logo_2020Forecast_201912.jpg


Posted on January 10, 2020 at 11:12 am
Anali Roath | Posted in Uncategorized |