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Blog Halfway Check This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading. Here is a check on the market halfway through October. Compared to last October… Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  This […]
For Buyers Renting vs Buying: Which is better for you? Deciding whether to rent or buy can be a difficult decision, but with the right analysis, you can determine which is best for you. Knowing whether it’s the right time to rent or buy depends on your buying power, what you’re looking for in a home, your local market conditions, your plans for you and your household, […]
For Buyers Buy Before 5 30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac. We have new advice for anyone considering a home purchase in the next couple of years. Buy before 5.  This means buy before rates go to 5%. Even though rates have been ticking up over the last several […]
For Buyers New Construction: Why Work with a Buyer’s Agent? If you’re a buyer, you may have considered purchasing a new construction home. After touring the model home and talking to the builder’s sales representatives, you begin to wonder if it’s necessary to work with a buyer’s agent. Although it’s possible to move forward with the purchase of a new construction home without a buyer’s […]
For Buyers Lumber Back Up The price of lumber has jumped back up again and is adding to the cost of new home construction. Over the past four months, lumber prices have nearly tripled, causing the price of an average new single-family home to increase by more than $18,600. According to Random Lengths, as of the end of December, the […]
Blog No Inventory? One misconception about today’s market is that there is ‘no inventory.’ Actually, there are numerous new listings that hit the market each month. It just so happens that they tend to sell quickly. The numbers show the number of new listings that came on the market in September closely equate to the number of sales […]
Blog Lower Lumber 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 years leading up […]
Colorado Real Estate What to Consider When Buying an Equestrian Property Buying a horse property is not your typical home purchase, especially for first time buyers. If you’ve never shopped for a horse property before, there is much to learn on the road to finding the best property for your needs. Working with an experienced Equestrian Advisor will also help ensure your home search and purchase […]
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Blog Buying and Selling a Home at the Same Time Successfully selling a home and buying a home are significant accomplishments on their own, but when their timelines cross it can be difficult to manage both. If you’re thinking about doing both simultaneously, it’s equally important to understand the steps you can take to make the process go smoothly as it is to have a backup plan in case […]
Blog 2 to 3 Along the Front Range we have gone from two weeks of inventory to three weeks. For much of the Spring, there was only two weeks of inventory on the market in most areas. Meaning, it would only take 14 days to sell all of the homes currently for sale. Now, because the pace of sales has slightly […]
Blog Inventory Uptick We are noticing a trend that is very good news for buyers. Inventory has been increasing over the last month which means that buyers now have more properties to consider. Just in the last week, the number of homes for sale has increased: 13% in Larimer County 12% in Weld County 11% in Metro Denver […]
Blog What is a Seller’s Market? When the housing market favors sellers, a seller can expect ideal conditions for selling their home. However, that’s not to say that a seller’s market doesn’t come with its own unique set of challenges for parties on both sides of the transaction. That’s why it’s critical for buyers and sellers to work with an agent […]
Blog Want a house in Fort Collins? Grab $500,000, get in line and join the housing Hunger Games “Buying a house in Fort Collins these days can feel like a combat sport. Maybe more like the ‘Hunger Games.’ Or Charlie Brown and the football — every time you get close to the ball, Lucy whisks it away…”   Pat Ferrier at the Fort Collins Coloradoan breaks down the housing market in Northern Colorado […]
Blog Drastically Different Recently it seems there are many attempted comparisons being made between today’s real estate market and the 2006-2007 market. It seems that people fear a repeat of what happened to the market in 2008 and 2009. Buyers, understandably, want to make smart decisions and don’t want to buy in advance of any downturn. The reality is […]
Blog Colorado Bound The 2020 Census confirms what we already know – Colorado is popular! It turns out that many people have been Colorado-bound over the last 10 years. Our state has grown by the equivalent of one Mile High Stadium’s-worth of people each year over the last 10 years. Here are the numbers: 2020 population is 5.77 […]
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 Working with a Buyer’s Agent What is a Buyer’s Agent? A typical real estate transaction involves a buyer’s agent representing the buyer and a listing agent representing the seller. A buyer’s agent helps the buyer identify potential homes to pursue, advises them on negotiations, and helps navigate any hurdles during the buying process. Once they are under contract, the buyer’s […]
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 The Benefits of a Pre-Listing Inspection Pre-listing inspections can help sellers better understand the condition of their home before putting it on the market. They can also strengthen a home’s appeal to potential buyers and help to streamline the offer process, which is especially important in competitive markets. However, pre-listing inspections can also open sellers up to added liability. Talk to […]
Blog What to Consider Before Buying an Equestrian Property Buying a horse property is a very different experience from a conventional home purchase. The first and most important step is to work with an experienced equestrian specialist, but there are some additional items you should also consider before buying. Location, Location, Location When looking at equestrian properties, one of the most important things to […]
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