The most misleading stat about the housing market is increase in inventory.The number of properties for sale is up significantly compared to last year. In most locations along the Front Range, inventory has doubled. This is obviously great news for buyers because they now have more choice. This is obviously meaningful for sellers because they now have more competition. But, it does not mean there is a glut of inventory. It does not mean that we are now, all of a sudden, over-supplied. Quite the contrary. The market is still undersupplied. There would need to be at least double the amount of homes for sale for Front Range real estate to begin to be balanced. The increase in inventory, being so large, gets a lot of attention in the media and can sometimes be taken the wrong way. Yes, inventory has doubled. But, it has doubled compared to all time lows. Freddie Mac reports that Nationally, the market is undersupplied by 3.8 million housing units. So, the increase in homes for sale is a good thing for the market and is nothing like a glut of inventory.
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Uncategorized • December 2, 2022
by Anali Roath
Uncategorized Renting vs. Selling – Short term rentals If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered […]
Uncategorized NoCo Small Business Spotlight – FoCo DoCo If you haven’t checked out FoCo DoCo (Fort Collins Donut Company) yet, I have to kindly ask; what the hell are you waiting for???? Since they first opened in 2018 at The Exchange in Old Town, FoCo DoCo has been serving up delicious hot donuts to hot people (that’s their tagline, I didn’t make it […]
Uncategorized Weekend Events for 1/6/2023 THE REVOLUTIONISTS 1/14-2/11 Magnolia Theatre Lincoln Center “Sometimes a revolution needs a woman’s touch.” OpenStage presents a fiery, dream-tweaked comedy about art, activism, legacy, compatriots, chosen sisters and how to change the world. Learn more or reserve tickets for The Revolutionists online or call 970-221-6730. PLOT YOUR COURSE 2023 1/7-8 Best Western Plus Loveland Inn Imagine walking out of this event with a blueprint of […]