Fun Facts

Blog, Fun Facts, Windermere Real Estate

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, Windermere Real Estate

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, Mortgage, Windermere Real Estate

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, Fun Facts, Windermere Real Estate

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% […]

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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 […]

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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 […]

Fun Facts Inventory Drop An impact we expected from COVID-19 to the housing market is reduced inventory. That prediction is certainly proving to be true. In March, the number of withdrawn properties from the MLS went up 68% in Larimer County and 38% in Weld when compared to March 2019. Reduced inventory is one reason why we don’t expect […]

Economy Health Crisis not Housing Crisis Here is the latest video from our Chief Economist Matthew Gardner. It’s full of great nuggets about what is happening in the economy and the real estate market today. Just click the image below to play the video.

Fun Facts Leading Indicator We are watching close to see where the real estate market is headed. Anecdotally we can tell you that the vast majority of transactions that are under contract are still closing. We have seen very few transactions cancel because of employment issues or the wild swings of the stock market. An interesting leading indicator was […]

Fun Facts Economist’s Perspective Our Chief Economist made a video for all of our clients where he shares his perspective on COVID-19’s impact on housing. You can watch it by clicking the image below:

Fun Facts Headwind vs. Tailwind So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns. Buyers are still active. Properties are still closing. Moving trucks are still showing up at people’s homes. Open house traffic has declined, but we notice plenty of buyers looking for property. (one of our open houses last weekend had […]

Fun Facts A History Lesson With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points yesterday, it makes some people wonder if the local real estate market might also crash or at least “correct.” A little history lesson is in order. Over the last 40 years, the real estate market along the Front Range has […]

Fun Facts Corona Rates Interest rates on a 30-year mortgage right now are just about the lowest they have ever been in history. The rate today is 3.45% The lowest-ever in November, 2012 was 3.31% A year ago they were 4.35% So, what gives? Why are rates so low? It turns out that the coronavirus is pushing rates down […]

Colorado Housing Lovely Stats In honor of Valentine’s Day, here are some Northern Colorado stats we think you will love: Prices are up 3.5% compared to last year Inventory is up 10% which means there is more selection for buyers We just had the most active January in terms of closings in over 10 years Well over 13,000 residential […]

Fun Facts Supply and Demand Northern Colorado gave us a real-life economics lesson in January 2020. Compared to one year ago… Inventory was down 10% (Supply) Homes under contract went up 31% (Demand) Prices were up 5% (Result) If you would like to see a video recap of our annual Market Forecast you can watch that HERE.