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Blog Thanksgiving Edition! Fun and Fascinating Thanksgiving Facts Thanksgiving is a beloved holiday in the United States, celebrated with family gatherings, festive meals, and a spirit of gratitude. While many know the basics of the tradition, there are some lesser-known facts about this cherished day that might surprise you.   1. The First Thanksgiving Wasn’t Just One Day […]
Buyers & Sellers The Last Decade Did you know home values in Larimer County have more than doubled in the last ten years? Larimer County average prices are up 125% compared to 2014.  Weld County’s are up 134% Here’s where it gets interesting… Many people would guess that a significant portion of those gains occurred in the last five years. However, […]
Blog Flipping Out Here are some interesting facts from Attom Data’s report on House Flipping. Last year there were just under 309,000 flips of homes or condominiums which represents 8% of all transactions across the U.S. 37% of those were financed transactions and 63% were all cash The average gross profit for a house flip is $63,000  
Buyers & Sellers More Normal Range The length of time that it takes for a property to sell is settling into a more normal range. “Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold. Today measurement stands at 72 days in Larimer County and 74 […]
Fun Facts Net Worth Surge Net worth surged for American families during the pandemic era, largely because of increased home values based on the Federal Reserve’s Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. […]
Colorado Housing Holding Steady Despite a significant increase in the supply of apartments, rental rates are holding steady. New research from Realtor.com shows that lease rates in the largest U.S. cities are down just 0.7% even though completions of apartment buildings are up 15% since 2022. Denver’s average apartment lease rate decreased only 1.0% year over year and now […]
Buyers & Sellers A Rate-Induced Pop The recent drop in mortgage rates triggered a measurable uptick in sales activity. So far through the first 10 days of November, pending activity in Northern Colorado is up versus the same 10 days last year. This is despite interest rates being higher than they were last year. Mortgage rates just had their biggest one-week […]
Blog $44 Trillion Have you ever wondered how much all of the residential real estate in the U.S. is worth? It’s $44.5 trillion. That’s 44 with 12 zeroes after it. This data comes from the Federal Reserve’s Quarterly “Z.1” report. The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one […]
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Buyers & Sellers Ups and Downs Here is a look at how the market performed in August versus August 2022   Prices: Larimer County Up 4% Weld County Up 8% Metro Denver Up 6%   Transactions: Larimer County Down 18% Weld County Down 31% Metro Denver Down 15%   Inventory: Larimer County Up 18% Weld County No Change Metro Denver Down […]
Buyers Where It’s At New Homes are where it’s at. By ‘it,’ we mean inventory. Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale. Here are the stats… Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low. […]
Buyers & Sellers Who Would Have Guessed? Pretend it is 2013. The real estate market is clearly recovering from the Great Recession. The Broncos are having a great year and will eventually make it to the Super Bowl. Now, imagine someone makes a prediction that 10 years in the future mortgage interest rates would double over the course of 12 months. If […]
Buyers & Sellers No Middle Class “The middle class is going away” is an often-used adage when talking about society. It is also a good way to describe today’s real estate market.  When it comes to properties for sale, the middle class has gone away.There is a class of listings which are priced to the market, in great condition, with world-class marketing.Then, […]
Fun Facts A Numbers Game Here’s a fun fact. Generally speaking, a Seller should expect to have between 8 and 13 showings before receiving an offer. The exact number of course depends on price point and location. So, how quickly a property sells depends upon how quickly those showings are generated. The old adage of ‘it’s just a numbers game’ […]
Fun Facts Luxury is Stronger The market above $1,000,000 is stronger than the market overall. This is true in both Northern Colorado and Metro Denver. The luxury market is not slowing to the same degree as the overall market. In Northern Colorado: Closed transactions are down 41% in the overall market and 26% in the luxury market over $1,000,000 Pending […]
Blog Best Places U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list. They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market. Here are the top 5: Huntsville, AL Colorado Springs, CO Green […]
Buyers & Sellers Under 100 For the first time in a long time, the sale to list price ratio is below 100%. This statistic measures the final sales price versus the listing price. During the super-active market of the last 24 months, this number averaged over 100%. This was a result of multiple offers and bidding wars which caused buyers […]
Buyers & Sellers Asking Price Drop Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
Fort Collins Real Estate Top Three Here are the top three reasons why prices are unlikely to crash even though the market has cooled off: Inventory – Ultimately, prices are driven by supply and demand.  Although supply has increased, it still remains relatively low with less than two months’ supply in most areas. New Homes – New home construction still lags […]
Fun Facts Timber! A positive outcome of the cooling housing market is lower lumber prices. Lumber is now priced at $605 per thousand board feet.  This is a new low for 2022. Prices for lumber are now down 47% for the year and are well below the 2021 peak of $1,733 per thousand board feet. What’s causing this?  […]
Buyers Buy Before 5 30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac. We have new advice for anyone considering a home purchase in the next couple of years. Buy before 5.  This means buy before rates go to 5%. Even though rates have been ticking up over the last several […]
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