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Blog Forbearance Falls The number of loans in forbearance just fell to their lowest level since mid-April.   This is good news for the real estate market.   Less and less people are seeking payment relief on their mortgages.   The number of loans currently in forbearance stands at 7.16%.   This news coincides with the U.S. Unemployment […]
Blog New Home Surge Sales of new homes have jumped to their highest levels in 14 years.   The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report.   This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and […]
Blog Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states.   Some significant findings from the report:   House prices have risen for 36 consecutive quarters, or since September 2011.   House prices rose […]
Blog 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 […]
Blog Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S.   Their most recent quarterly report was just released this week.   Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets.   It is interesting […]
Blog Spring in Summer This year the Spring market is occurring in the Summer.   Typically the busiest months for real estate along the Front Range are April, May and June.   This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer.   Here’s an indicator.  Sales through July 2020 versus […]
Blog Buyer Contemplation New research from the National Association of Home Builders:   The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.   At this time last year, 12% of Americans considered buying a home. Today the number stands […]
Blog Housing Math It’s interesting to look at what population growth means for housing.   On average, along the Front Range, 2.5 people live in each housing unit.   What that means is 4 housing units are needed for every 10 people who live here.   So, for every 1000 new people moving to our area, 400 new housing units […]
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Blog More Homes Needed The market is in short supply.   More homes are needed to fulfill the need to buyer demand.   Compared to exactly one year ago, the supply of homes is down: 32.6% in Metro Denver 25.1% in Northern Colorado An interesting and useful measurement we track is months of inventory.  This stat tells how long […]
Blog Caught Up We’ve been waiting for June to catch up.  It finally happened (almost).   Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.   Bottom line, fewer properties going under […]
Blog Rate Meaning Mortgage interest rates have hit another record low this week.   Mortgage applications for purchases just hit an 11-year high.   Rates are at a level that many people could never have imagined.   Here’s something that is surprising to many people…   Rates are 1.5% lower than they were just two years ago.   Here’s […]
Blog Tight Inventory The numbers that we find to be most interesting right now are all related to inventory.   Long story short, inventory is tight.   It was already tight pre-coronavirus and now it’s even tighter.   Here are the numbers.   Active properties for sale versus one year ago are down: 11% in Larimer County 20% […]
Fun Facts Prices Still Up Prices Still Up It seems that COVID-19 did not cause prices to decrease and certainly didn’t cause them to crash. Average prices are up compared to last year: ·         2.8% in Larimer County ·         5.4% in Weld County ·         3.3% in Metro Denver Low supply, sustained demand, and incredibly low interest rates are all fueling the […]
Fun Facts On Sale Money is on sale (again). 30-year mortgage rates now sit at 3.3%. This is less than half of the long-term, 40-year average. This is also almost a full percentage point lower than they were one year ago (which was still very low). Let’s put this in real numbers. A $300,000 loan at today’s rates has […]
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% […]
Fun Facts Pent Up Demand We notice a very interesting dynamic in the market right now. There was clearly a pent-up real estate demand created during the recent time when in-person showings were not allowed.  The numbers back it up. First, a little background.  During a portion of “Shelter in Place,” all in-person viewing of properties ceased.  Instead, buyers spent […]
Fun Facts What the Numbers Say April represents the first time we can look at the impact of COVID-19 on a full month of real estate activity. To no one’s surprise, activity in April in terms of closings and new contracts did slow significantly. Much of this slowing was caused by in person showings not being allowed for most of the […]
Fun Facts Another Meltdown? This week our Chief Economist took a deep dive into the numbers to examine the current health crisis versus the housing crisis of 2008. The reason why?  People wonder if we are going to have another housing meltdown nationally and going to see foreclosures and short sales dramatically increase. It turns out that the numbers […]
Economics 101 Why No Crash This week we hosted our clients and friends for a special online event with our Chief Economist Matthew Gardner. Matthew talked about a variety of topics that are on people’s mind right now including home values. Matthew sees no evidence that home values will crash and actually sees signs that they may rise this year […]
Colorado Housing Special Event On Wednesday April 22nd you are invited to a special online event with Windermere’s Chief Economist Matthew Gardner. He will be giving his insights into the U.S. economy and what that means for real estate along the Front Range of Colorado. You will hear the answers to the biggest questions we are hearing from clients […]
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