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Blog Friday Fun Facts – The Average American Moves 12 Times in Their Life According to the U.S. Census Bureau, the average American moves approximately 11.7 times throughout their lifetime. However, this number varies widely depending on factors such as age, income, and marital status. Young adults between the ages of 18 and 34 move much more frequently than older adults. Folks between 18 and 34 have an average […]
Blog Friday Fun Facts – Have We Reached a Balanced Market? Windermere Principal Economist Jeff Tucker analyzes the National Association of REALTORS’ September U.S. home sales report, what the findings say about the current housing market, and why mortgage rates have been rising in recent weeks.        
Fun Facts Friday Fun Facts – 3-D Printed Homes Last week, over 300 people gathered in Greeley, Colorado, to witness the groundbreaking of the largest Habitat for Humanity project in the state, which will feature 3D-printed homes. Alquist 3D, a concrete printing company, showcased its technology, using a robotic arm to layer concrete for walls instead of traditional materials like lumber. Alquist, founded by […]
Blog Friday Fun Facts – Best Places to Live U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top 10 list. They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market. Here are the top 10: Naples, FL Boise, ID Colorado Springs, […]
Blog FRIDAY FUN FACTS – Transitioning into Fall As we transition from September to October, the real estate market is showing signs of stability and balance. Inventory levels are beginning to flatten out, providing buyers with more options to choose from. Sellers are becoming more flexible, willing to negotiate, make repairs, and offer concessions to close deals. Active Listings: The number of active […]
Blog Friday Fun Facts – Does the Federal Reserve affect Mortgage Rates? The federal funds rate and mortgage rates are both types of interest rates, but they operate differently. The Fed directly controls the federal funds rate, which primarily influences short-term interest rates, while mortgage rates are determined by lenders based on long-term bond yields and various economic factors like inflation and market demand. This means that […]
Blog Friday Fun Facts – The 1651 Day Wait is Over It’s been 1651 days since the Federal Reserve last cut rates. During this era of rising rates, we’ve seen: Mortgage rates peak at nearly 8% in October 2023 Existing home sales plummet to 1995 levels Home affordability hit a 40-year low So when we got the news this week that the Fed was cutting interest […]
Blog Friday Fun Facts – It’s All About the FED You may have heard that the Federal Reserve Board (FED) is meeting next week – so what does that mean? Think of the Fed lowering interest rates like a store putting items on sale. When prices drop, people are more likely to buy things. Similarly, when the Fed reduces interest rates, borrowing money becomes less […]
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Blog Best Time to be a Buyer in 10 Years As we move into the fall, the real estate market is providing a rare opportunity for buyers who have been waiting on the sidelines for years. Inventory levels are higher than they’ve been in a decade, and sellers are increasingly open to negotiations, making repairs, offering concessions, and even accepting contingent offers to close deals. […]
Blog Reasons for Celebrating Labor Day We celebrate Labor Day, the federal holiday that occurs on the first Monday in September, to honor the contributions of American workers and the labor movement, which played a crucial role in securing fair working conditions, better wages, and reasonable hours for employees across various industries. The holiday recognizes the importance of the labor force […]
Fun Facts National Peach Pie Day National Peach Pie Day is observed annually on August 24 to celebrate this mouth-watering dessert during the heart of the Peach harvest season. Don’t forget the à la mode! #PeachPieDay Generally speaking, there are two types of peaches – freestone and clingstone. The difference is in the way the flesh comes away from the pit in […]
Fun Facts 25 Years of Wacky + Weird That’s how New Belgium Brewing Company describes its annual Tour de Fat. This massive costumed bike parade is happening on Saturday, August 24th. Always a lively, fun atmosphere, thousands of cyclists take to the streets in a mix of bikes and costumes. There is also a spirit of giving tied to the event- this is […]
Fun Facts What’s With All The Traffic? Noticed the roads getting busier lately? Blame it on the back-to-school season! As students of all ages return to classrooms, traffic patterns take a hit, and here’s why: 1. School Drop-Offs: Parents and buses are flooding the streets during peak hours, causing bottlenecks around schools. 2. More Pedestrians: With students walking or biking to school, drivers need […]
Fun Facts Olympic Gold It’s always great when the Olympics games come around! Of the 592 athletes that are representing the United States in the Paris Olympics, 26 of them are from Colorado. This put Colorado tied for the 6th largest contingent from any one state. These athletes are competing in multiple events ranging from discus to sport climbing. […]
Fun Facts From Renting To Owning According to a report by Fannie Mae, 74% of consumers plan to buy a home the next time they move. This included 43% of consumers that are currently renting.  The interesting fact is that 9 out of 10 consumers overstated or didn’t know the minimum down payment required for most mortgage programs. The great news is that […]
Fun Facts 15-Year Mortgages Interest rates have leveled off at around 7% over the last couple of months. Interestingly, the 15-year mortgage is a more reasonable 6.375% right now. If you are looking for a lower rate and are willing to pay a higher monthly payment, this may be a good option. The other benefit of a 15-year mortgage […]
Fun Facts Fourth of July Slowdown Showings during the week of the 4th is one of the slowest periods of the year. This data comes from home builders that track the number of potential Buyers that visit the model homes.   This same trend is shown in showing data for resale homes. This trend usually only lasts for the week, though, […]
Fun Facts Ninety Eight Percent Properties in Northern Colorado sell for 98% of their list price on average. This single statistic communicates two interesting facts about the market. First, this is not a market full of desperate sellers who are willing to accept low ball offers. Second, properties that are priced right are the ones that are selling. So, if […]
Fun Facts Inventory Solstice There is a significant transition that is taking place in the Northern Colorado market. There is now more inventory on the market at this time of year than at any time since 2020. 2020 marked a turning point in the market where both interest rates and inventory plummeted. For many years, the market has been […]
Fun Facts Mid-Month Check-In Here is a look at the Northern Colorado market halfway through June compared to the same time last year. Inventory is climbing at a healthy rate in both Larimer and Weld County giving more options for buyers. Larimer County inventory is up 18% and Weld’s is up 13%. Meanwhile, sales are down slightly which is […]
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