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!
A beautiful home at 153 Halibut Drive in Water Valley South in Windsor awaits. This home boasts an open floor plan with vaulted ceilings, granite countertops and stainless steel appliances in the kitchen and a front room that can be an office or a formal sitting room. Enjoy the back yard with the built-in fireplace off the patio and two garden boxes on the side of the home. The oversized 2 car garage leaves plenty of room for the golf cart. Buyers can take advantage of being only one block from Eagle Lake and Park. Bring your paddleboards, kayaks and fishing rods to enjoy everything the lake has to offer without paying waterfront prices! Contact Rondi DuPont at (970) 420-0123 for your private showing for more information or click the link below for more details.
With some creative thinking and a few do-it-yourself projects, you too can transform an everyday bathroom into a spa-like experience:
High-end shower head
There are a plethora of shower head options available today that can make even a simple shower space feel like a luxuriating experience.
Heated towel rack
Once out of the tub/shower, heated towels help you comfortably maintain your body temperature while the pampering continues.
Adjust the bathroom lights to match your moods and activities: brighter for primping, and dimmed to create a calming effect.
Not everything that’s meant for the bathroom needs to be stored in the bathroom. Look for things that can be moved elsewhere to make the space feel a bit bigger and more organized.
Essential oils, luxury soaps, and scented candles are an easy way to create an aromatic atmosphere of luxuriousness.
This home in at 841 Brookedge Drive in South Fort Collins is close to shopping, hiking and biking trails, and easy access for your commute. It includes beautiful quartz countertops, wood/tile flooring, double-sided gas fireplace and stainless steel appliances which make this luxury home move-in ready. New transferable 50-year warranty roof and a 1 year home warranty complete the package. If you are looking for a low maintenance luxury home of your own, you’ve found it! Contact Jennifer Cuningham at (970) 646-1921 for your private showing for more information or click the link below for more details.
Here’s your chance to own a home in central Fort Collins! 2719 Trenton Way in Fort Collins is freshly painted, with a large enclosed yard and no HOA. First American Home Warranty included. Come take a look. Contact Maria Dellota at (970) 215-1013 for your private showing for more information or click the link below for more details.
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.
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.
Ideal investment property! 2428 Crabtree Drive in Fort Collins is currently leased through May of 2020. Easy access to CSU, Old Town, and Horsetooth Reservoir. The owner has never had any issues with vacancy but would be great as an owner-occupied home with the layout and back yard as well. The home has wood floors and is in great shape. Come check it out today! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
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 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 sales volume.
For a detailed look at the 2019 numbers plus our forecast for 2020, click the links below…
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.