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Blog What We Notice Here are some observations we have about the market right now: Inventory is up, price reductions are up, the length of time to sell a home is up Seller concessions are more prevalent Sellers are more willing to accept contingent offers (especially in higher price ranges) If a home doesn’t sell within a week, it […]
Blog Home-ownership Rate An interesting stat which can give some insight to the national market is the Home-ownership Rate. It simply looks at the percentage of Americans who own their home instead of rent. The most recent report from the Census Bureau shows the rate at 64.2%. Most importantly, this number is showing stability after many years of […]
Blog Compound Effect If you have driven on I-25 lately you may have noticed that the Front Range is a popular place. The projections show that it will only get more popular in the future. Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo. In 2030, just 11 short years from now, […]
Blog Sign Surprise Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract.   They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that […]
Blog Over List A statistic we keep our eye on is the percentage of homes which sell for at least list price. In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher.   Here are the number of sales that occur for list price or higher in […]
Blog Where Are The Sales?     A high-level look at the Northern Colorado region shows that the number of residential sales is down 5.4% in Larimer County and up 4.7% in Weld County. This is simply comparing the number of closings from June 2018 to June 2019 versus June 2017 to June 2018.   The high-level look doesn’t tell […]
Blog New Home News!     Nationally, sales of new homes are stronger than they have been in a long time. March was the best month since 2007 and April was the third-best month in that same time period.   This research comes from the National Association of Home Builders who show that we are on pace to sell […]
Blog Down Again Mortgage rates dropped again for the fourth week in a row. The average 30-year rate is now 4.06% which is the lowest it has been all year. Rates today are actually the lowest they have been since early 2018. The main factor driving rates down is the trade war with China. Investors are shifting money […]
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Blog The Question of the Day As we are helping people understand their new property assessments and putting together information so that they may protest their new valuation, here is the most common question we hear… Did my property really go up that much? Here are some stats that will help you answer that question. First, you need to know that […]
Blog Inventory vs. Sales A stat we find interesting is the relationship between the inventory for sale versus what is actually selling. Specifically what we look at are price ranges. We are curious to know if the inventory that is for sale lines up with what the buyers want. Here’s what we notice… In Larimer County, 23% of all […]
Blog Tax Time Property owners all over Colorado have a gift waiting for them in their mailbox- their new property tax notifications. Every two years, each county in Colorado places a new value on property for property tax purposes. No surprise, values were up along the Front Range. Here is the percentage of increase for various Colorado counties […]
Blog Chugging Along The real estate market keeps chugging along. Here’s news from the Mortgage Banker’s Association… Last week, applications to purchase a home hit their highest level since April 2010. This is clearly a sign that the spring selling season is starting off in full swing. You may remember that the reason why April 2010 was so active […]
Blog Which Market? So, which is it? A buyer’s market or a seller’s market? Well, it depends! First, let’s define each market. According to research, a buyer’s market exists when there is more than 4-6 months of inventory on the market. If it would take longer than 4-6 months to sell out all of the inventory currently for […]
Blog It’s Tax Time You probably don’t need a reminder that this is tax season. Not only because tax returns are due in two weeks but also because you will soon receive your property tax notification in the mail. Every two years your County re-assesses the value of your property and then sends that new value to you. When […]
Blog Party Like It’s 2018!   Just a few months ago most people thought mortgage rates were heading to 5% and now they are back to where they were a year ago.   You probably saw this week’s news from the Federal Reserve declaring that they would not raise their Federal Funds rate for the rest of 2019   (just […]
Blog Condo Cyclone     While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers.   What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range. Compared to last year, multi-family […]
Blog The Office   As you travel around the Front Range you will notice the following under construction:   New Homes New Apartments New Medical Facilities   However, you will not notice new office buildings under construction. What gives?  I thought we had a booming economy.  Why no new office buildings? There are a couple of reasons.  First, […]
Blog Vegas Baby!   The results are in from FHFA.gov’s latest ranking of the top performing markets in the U.S. Each quarter they track 245 cities across the country and rank their real estate markets by home price appreciation.         What’s the highest performing city the the U.S. Vegas!  Their prices have gone up 17.63% in […]
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 […]
For Buyers The Whole Story Metro Denver has 2.1 months of inventory on the market. This means that, at the current pace of sales, it would take just over 2 months to sell every single-family home currently listed for sale. But that’s not the whole story because inventory levels vary drastically depending upon the price of the home. When we […]
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