Uncategorized How Low Inventory Is Affecting the Housing Market How Low Inventory Is Affecting the Housing Market by Matthew Gardner Windermere Chief Economist Matthew Gardner demonstrates how the U.S. housing market is adapting to low inventory levels. He touches on the new construction industry, supply changes in large metro areas, median home sale prices, and more. This video is the latest in our Monday […]
Uncategorized How to Avoid Common Mistakes in Real Estate There’s nothing more exciting, rewarding, and fulfilling than buying or selling a home. However, it’s a complex transaction, and there are a number of steps along the path that can confuse even the most seasoned buyers and sellers. How can you avoid potential selling pitfalls and common buying mistakes? Look to your real estate agent […]
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 […]
Uncategorized What Makes A House A Home   There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at […]
Uncategorized 5 Interior Design Trends for 2023 by Sandy Dodge The interior design trends of 2022 included a renaissance of colorful decorating, a preference for sustainable materials, and incorporating nature throughout the home. They reflected the continued evolution of our lifestyles in recent years and showed an overall desire for our homes to be somewhere we can relax, decompress, and focus on our wellbeing. […]
Uncategorized Winter Festivals to See In Colorado Winter Festivals in Colorado Worth Extending Your Stay Colorado Relocation It’s no secret that Colorado is beautiful in the winter months. So beautiful, in fact, that there are nearly countless winter festivals in Colorado to celebrate it. The world seems to fold over onto the Rockies for skiing and snowboarding season – understandably so with […]
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Uncategorized Mis-Led 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 […]
Uncategorized Understanding the Value of Your Home Understanding the Value of Your Home: Market Value vs. Assessed Value and More by Heather Patel The math of a home sale is relatively straightforward. Sellers list their home at a certain price, a buyer makes an offer, and eventually the two parties reach a final, agreed-upon price. However, between these two points in the […]
Uncategorized Lower Lumber by Fort Collins Lumber prices are becoming more normal again. After soaring this Spring to record levels, they have lowered back to near pre-pandemic levels. The current price for 1000 board feet of lumber is $577.  This is 62% below the price this past May when it reached an all-time high of $1,515. In the […]
Uncategorized Colorado Ranking Here’s the latest from one of our favorite data sources – the Federal Housing Finance Authority (FHFA). They track home prices across the Country and produce a quarterly Home Price Index report. It is not uncommon to find Colorado near the top of the list for year over year price growth. The latest report has […]
Uncategorized Calculated Risk by Fort Collins The economic research blog called “Calculated Risk” just completed a fascinating study on home prices. Specifically, they looked at the correlation between home price growth and inventory. They used price data from the Case-Shiller Home Price Index and inventory data from the National Association of Realtors. No surprise, they found that the […]
Uncategorized 107 Months Straight According to research from the National Association of Realtors, home prices have appreciated for 107 straight months.   The median price in the U.S. is now $309,000.   The U.S. region with the highest median price is the West at $461,800. The lowest is in the South at $263,300.   All regions showed double-digit price […]
Uncategorized 2021 Interest Rate Prediction Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They are currently at […]
Uncategorized Inverted Typically, in the Front Range Market, the number of new listings will exceed the number of closings on a monthly basis. Meaning, the amount of properties that hit the market in a given month will be higher than the amount of properties that sell in that month. It is normal to have the ‘inflow’ exceed the […]
Uncategorized Supporting Our Community   Our heart goes out to all the people affected by the wildfires along the Front Range and in our mountain communities. We are also so appreciative of the brave men and women who are helping protect people and property from the fires. We want to help and we want to ask for your help. […]
Uncategorized At Least List Periodically we track a stat which we find to be quite interesting. It answers this question – how many properties are selling for at least list price (asking price or higher)? This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
Uncategorized 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: Easy Credit – loans were very easy to attain Over-Leverage – people […]
Uncategorized 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 […]