Housing Trends

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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 […]
For Buyers & Sellers Leap Year The statistic that is leaping so far in 2024 is inventory. Northern Colorado is seeing a big uptick in number of homes for sale. However, it is not an alarming amount and is still a ‘Seller’s Market’ by definition. Larimer County inventory is up 39% and Weld County is up 48%. Months of inventory is […]
Housing Trends Townhome Surge Townhome construction has surged in the last 12 months.  This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide. According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year. Townhomes now represent 13% of all new residential […]
Housing Trends Rent Record Records continue to be broken in real estate, including the rental market. Rents just rose another $2 per month to $1,594, a new record. The annual rent growth of 13.5% nationally in 2021 was more than double any previous year, and apartment absorption counted nearly 600,000 units, which is roughly 50 percent more than the […]
Blog 5.5 Million Short New home construction is behind by 5.5 million homes over the last 14 years. Since 2007, new home starts have lagged significantly behind the long-term average. The Census Bureau started tracking National new home starts in 1958. Between 1958 and 2007, an average of 1,102,938 new homes were started each year. Between 2007 and 2020 the […]
Blog Drastically Different Recently it seems there are many attempted comparisons being made between today’s real estate market and the 2006-2007 market. It seems that people fear a repeat of what happened to the market in 2008 and 2009. Buyers, understandably, want to make smart decisions and don’t want to buy in advance of any downturn. The reality is […]
Blog Ideas for Decorating with Plants At the mention of interior design, the first things that often come to mind are furniture, wall art, paint colors, and other material components. However, plants are an important décor element that have the power to refresh the look and feel of any indoor space, while making your home eco-friendlier. Keep the following tips in […]
Blog 107 Straight According to research from the National Association of Realtors, home prices have appreciated for 107 straight months.   The median price in the U.S. is now $309,000.   The U.S. region with the highest median price is the West at $461,800. The lowest is in the South at $263,300.   All regions showed double-digit price […]
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Blog Simple Bathroom Upgrades The thought of upgrading a bathroom often brings to mind large-scale renovations, demolition, and hefty price tags. Even projects like replacing a backsplash or repairing tile can be more involved than you might think. However, it’s possible to give your bathroom a makeover without breaking the bank (or your back). Whether you’re looking to just […]
Blog Days of Inventory In the residential real estate industry, inventory is typically measured in months.   For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less than four months to sell all the homes currently for […]
Blog Double Lumber The price of lumber has doubled in three months.   Lumber is just one of several examples of skyrocketing materials costs which are impacting both home builders and home buyers.   The cost of lumber is now at a record-level $1000 per 1000 board feet.   These rising costs not only add to the sales […]
Blog DIY Remodeling vs Professional Remodeling Deciding whether to DIY a remodeling project or leave it to a professional is a matter of weighing the risks and rewards, time, and budget. Before you start applying a new coat of paint or go about knocking down a wall, create a plan for your remodel to help you decide which projects you can […]
Blog Q4 2020 Colorado Real Estate Market Update by Matthew Gardner The following analysis of the Metro Denver & Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact […]
Blog Job Bounce “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people expected.  When COVID first showed […]
Blog Bubble Talk A hot topic of conversation these days is the prospect of another real estate bubble.  People wonder if prices can continue at their current pace and some fear a repeat of 2008.   Because we get asked about this topic so often from our clients, we thought it would make sense to ask our in-house […]
Blog Rate Heading   Rate Heading Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They […]
Blog 2021 Paint Color Trends Embrace neutral colors After a weary 2020, expect to see a return to prominence for nostalgic, neutral colors. The resurgence of neutrals signals a focus on simple comfort, healing, a return towards wellness, and is representative of a lifestyle with a slower pace. Colors to look for include oatmeal hues, cerulean and Aegean blues, and […]
Blog Protecting Your Home’s Air Quality Image Source: Canva Most of us tend to think of air pollution as something that occurs outdoors where car exhaust and factory fumes proliferate, but there’s such a thing as indoor air pollution, too. Since the 1950s, the number of synthetic chemicals used in home products have increased drastically, while homes have become much tighter and better insulated. As a […]
Buyers & Sellers Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This question seems to crop up when prices go up. While we do not believe that the current double-digit price […]
Blog Economic Update with Matthew Gardner Exclusive Invitation!!! Tune in on Tuesday, October 6, 2020 at 9:00am to meet with Matthew Gardner, Windermere Real Estate’s Chief Economist LIVE and get your chance to ask him questions. He’ll be discussing the housing market, employment and the effects of COVID-19 on the local and national economy. As one of the only real estate […]
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