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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 […]
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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 […]
Blog How’s 2019? A lot of our clients are asking how 2019 is starting off. Here’s one thing we notice… There are more homes to choose from, which is great news for buyers. In January alone 4,821 homes came on the market in Metro Denver. That is a 14% increase compared to one year ago. At our annual […]
Blog Why No Bubble   There are several reasons why our Chief Economist does not believe there is a housing bubble today in the U.S. Below is a slide he shared at our recent market Forecast events. It shows U.S. Home ownership rate, which is simply the percentage of the population who own their home (versus renting). The long-term […]
Blog Misery Index Last week at our Market Forecast events, Chief Economist Matthew Gardner shared, among many stats, his famous “Misery Index.” A valuable statistic with a funny title. The Misery Index simply measures inflation plus unemployment. It’s an effective way to look at our Nation’s economy. Today’s Index sits just below 6%. Back in October 2011, it […]
Blog Our Forecast This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins. Thank you to the 700 people who attended. We appreciate your support! In case you missed the events, here are some highlights including our forecast for price appreciation in 2019: • In 2018 […]
Blog More Choices Great news for buyers! There are more homes to choose from. It seems there is relief from the days of drastically low inventory levels. Compared to a year ago, residential inventory levels are up: • 9% in Northern Colorado (Larimer & Weld Counties) • 45% in Metro Denver (wow!) ________________________________________ You can get many more […]
Blog What Our Expert Thinks Here’s what our Chief Economist, Matthew Gardner, thinks about the 2019 U.S. Housing Market. He is regarded as one of the Country’s experts on real estate and is frequently quoted by leading industry publications.   • Existing Home Sales up 1.9% to 5.4 million units • Home Prices up 4.4% • New Home Sales up […]
Blog Make a Statement With Your Bookshelf In the New Year There comes a time in life where gifts take different forms during the holidays. Toys are replaced by tools and appliances. Games are supplanted by gift cards and gear for grander hobbies. Clothing ranges from stylish to functional, but typically reflects real-life necessities over fantastical dresses or costumes. But for many, books remain a timeless […]
Blog Still Up All the talk of the market cooling off might make someone think that prices must be going down. The truth is prices are still going up. Here are the latest year-over-year appreciation numbers from the Federal Housing Finance Authority (they track 243 markets all across the Country): Colorado Springs 11.44% Greeley 10.53% Denver 9.97% Boulder […]
Blog Four Holiday Decor Trends We’re Excited About This Winter The holiday season is here and for many of us, that means it’s time to deck the halls. If you’re looking for some inspiration and a place to start, here are some ideas that are certain to get everyone in the spirit.   A Tree of a Different Color Photo Credit: Left – Lushome, Center – HGTV, […]
Blog Waiting and Waiting Anytime the market cools off we sometimes hear prospective buyers say “I think I’ll wait for the market to correct, then I’ll buy after prices come way down.” The reality is this… History shows that this wouldn’t be a good strategy. Our go-to source on price appreciation is the Federal Housing Finance Authority who produces a […]
Blog Bringing Your Plants Inside for Winter Winters in many parts of the Western U.S. can easily see temperatures that dip down below freezing. For many gardening homeowners, this can be troublesome when precious plants are concerned. Covering your plants with sheets may not be enough to save a plant from succumbing to freezing temperatures. Check out these ways to bring your […]
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