Economy

Blog 96 Weeks Mortgage rates have been below 4% for 96 weeks in a row.   Today, the average 30-year fixed mortgage rate sits at 3.17%.   This is 0.5% lower than January and exactly 1.0% lower than March 2020.   Rates recently ended a 31-week streak of being under 3%.   Over the last 5 years, rates […]
Blog 107 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 […]
Blog Q4 2020 Colorado Real Estate Market Update by Matthew Gardner The following analysis of the Metro Denver & Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact […]
Blog Job Bounce “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people expected.  When COVID first showed […]
Blog Rate Heading   Rate Heading 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 […]
Blog The Votes Are In                                   Real estate buyers made their voices heard last month and made a clear choice for…  higher-end properties! One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges. The combination of high […]
Blog Brand New Market Report                             The latest quarterly report from our Chief Economist Matthew Gardner is now available.  Here is a quote from the report with his take on the Front Range economy: What a difference a quarter makes! Following the massive job losses Colorado experienced […]
Buyers & Sellers Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This question seems to crop up when prices go up. While we do not believe that the current double-digit price […]
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Blog Economic Update with Matthew Gardner Exclusive Invitation!!! Tune in on Tuesday, October 6, 2020 at 9:00am to meet with Matthew Gardner, Windermere Real Estate’s Chief Economist LIVE and get your chance to ask him questions. He’ll be discussing the housing market, employment and the effects of COVID-19 on the local and national economy. As one of the only real estate […]
Economy Matthew Gardner Weekly COVID-19 Housing & Economic Update: 5/18/2020 In this week’s episode of Mondays with Matthew, Windermere Chief Economist Matthew Gardner kicks off a series of episodes in which he answers questions from his followers. The first deals with how COVID-19 will impact buyer behaviors, especially in more urban markets.
Economy Faster Here’s something true about today’s market.  Properties are selling fast. Compared to one year ago, the number of days it takes for a property to sell is significantly lower. The industry term is “Days on Market” or DOM. DOM is way down. Here is the comparison of May 2020 versus May 2019: Metro Denver down 22% […]
Economy Matthew Gardner Weekly COVID-19 Housing & Economic Update: 5/11/2020 Job growth is critical to the health of the housing market, so on this week’s episode of “Mondays with Matthew,”  Windermere Chief Economist Matthew Gardner analyzes the effect of COVID-19 on employment and what we can expect for the duration of the year.
Economy Health Crisis not Housing Crisis Here is the latest video from our Chief Economist Matthew Gardner.  It’s full of great nuggets about what is happening in the economy and the real estate market today.  Just click the image below to play the video.
Colorado Real Estate Colorado Real Estate Market Update   The following analysis of the Metro Denver & Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere […]
Blog Your Beginner’s Guide to Home Appraisals   Appraisals are used as a reliable, independent valuation of a tract of land and the structure on it, whether it’s a house or a skyscraper. Designed to protect buyers, sellers, and lending institutions, appraisals are an important part of the buying/selling process. Below, you will find information about the appraisal process, what goes into […]
Blog Our Favorite Real Estate Podcasts   Podcasts are a growing medium as listeners search for new sources of entertainment and information. In 2018 there were about 550,000 podcasts, in 2019 there are more than 750,000. Listeners are growing too, an estimated 20 million more people in the U.S. are listening to podcasts this year as compared to2018. This growth in audio entertainment inspired […]
Buyers & Sellers Colorado Real Estate Market Update Posted in Colorado Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate    The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park counties) is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making […]
Blog 4 in 40 Did you know, according to FHFA, prices in Larimer County have dropped more than 1% only 4 times in the last 40 years? FHFA stands for the Federal Housing Finance Authority. We are one of 261 markets that they track. Since 1978 they have been measuring home price appreciation here. If you look at the […]
Blog HQ3? The Front Range may have lost out on Amazon’s HQ2, but that doesn’t mean their company won’t affect our economy. Denver was in the running for Amazon’s massive new second headquarters that supposedly would bring 50,000 new high-paying jobs and $5 Billion of investment. In the end Amazon chose to split the headquarters among two […]
Blog A History Lesson One of the most common questions we hear from clients is “Where do you think interest rates are going?” Virtually all of the experts we follow put rates above 5% going into next year and some see rates approaching 5.5% by the middle of 2019. What’s certain is that there are economic forces at work […]