Housing Trends

Economics 101 Inflation and Housing Last week’s Consumer Price Index report for October showed a lower-than-expected increase in inflation.  Many believe, based on the numbers, that inflation rates may have peaked.  Investors cheered and the stock market showed its biggest increase since bouncing back from the pandemic-caused bear market in 2020. So, what does this news mean for housing in […]
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 […]
Buyers & Sellers Halfway Check This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading. Here is a check on the market halfway through October. Compared to last October… Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  This […]
Housing Trends The Big News The big news this week is obviously the rise in interest rates. Average 30-year fixed mortgage rates are now at 6.7% which is the highest they have been since July 2007. So, how is this affecting the market?  Here is what we notice… There are fewer buyers in the market.  Sales activity, measured by closed […]
Colorado Housing Most Multi There are more multi-family residential properties under construction than at any time since 1974. 890,000 properties with 2+ units are currently being built across the United States.  This includes both for-sale product, and for-rent product. Additional supply is clearly beneficial for both buyers and renters and will hopefully relieve some of the housing affordability issues. […]
Buyers & Sellers Price Peek Here is a peek at average residential prices along the Front Range through the first half of September and how they have changed versus one year ago: Larimer County = $663,000 up 11.6% Weld County = $511,000 up 4.5% Boulder County = $1,165,000 up 17% Metro Denver = $668,000 up 9%
Colorado Housing Like 1993 Here’s a trivia question… The number of new, single-family homes completed in 2022 will most closely resemble which prior year? If you guessed 1993, you are correct. Yes, the number of homes built and completed this year is no more than the number from 30 years ago. In 2022, there will be just over 1 […]
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Design Decorating with House Plants to Match Your Décor Style Interior design solutions come in all shapes and sizes. After all your furniture items, art, and other physical items are all in their right place, decorating with house plants can provide the perfect final touch. The best plants for your home are the ones that will thrive in your local climate while complementing your existing […]
Buyers & Sellers Weeks to Months For the first time in almost two years, there is more than a month’s worth of inventory on the market. This means that at the current pace of sales, it would take more than a month to sell all of the homes currently for sale. This is certainly welcome news for buyers who have been […]
Home Remodeling Farmhouse Interior Design Known for its signature chic comfort, the farmhouse style is a popular method of interior design for homeowners looking to blend elements of modern and traditional design. With a rustic charm at its heart that recalls images of the countryside and wide-open landscapes, the farmhouse style steadily picked up steam in the 2010s and continues to […]
Buyers 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 […]
Colorado Housing Standing Low The standing inventory of residential properties currently for sale is staggeringly low. The number of active properties for sale is almost 90% below the average for this time of year. In Metro Denver, there are 1,144 residential properties for sale today. In Larimer County, there are 136 and in Weld County there are 174. Current […]
Buyers Lumber Back Up The price of lumber has jumped back up again and is adding to the cost of new home construction. Over the past four months, lumber prices have nearly tripled, causing the price of an average new single-family home to increase by more than $18,600. According to Random Lengths, as of the end of December, the […]
Homeownership Designing Your Backyard for BBQs Summer is the season of spending long days and nights out in the backyard and making home-cooked meals on the barbecue. Whether classic BBQ dishes like ribs and hamburgers or skewered grilled vegetables are more your style, these tips will help get your backyard in prime shape for grilling season.   Designing Your Backyard for BBQs Some […]
Buyers & Sellers Colorado Ranking Here’s the latest from one of our favorite data sources – the Federal Housing Finance Authority (FHFA). They track home prices across the Country and produce a quarterly Home Price Index report. It is not uncommon to find Colorado near the top of the list for year over year price growth. The latest report has […]
Housing Trends 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 […]
Housing Trends Future of Work This week we had the opportunity to hear a presentation by Ed McMahon who is the Senior Fellow for Sustainable Development at the Urban Land Institute.   He is a leading expert on the future of housing and development in the United States.   He sees that Colorado is positioned to massively benefit from the […]
Buyers Working with a Buyer’s Agent What is a Buyer’s Agent? A typical real estate transaction involves a buyer’s agent representing the buyer and a listing agent representing the seller. A buyer’s agent helps the buyer identify potential homes to pursue, advises them on negotiations, and helps navigate any hurdles during the buying process. Once they are under contract, the buyer’s […]
Buyers & Sellers The Benefits of a Pre-Listing Inspection Pre-listing inspections can help sellers better understand the condition of their home before putting it on the market. They can also strengthen a home’s appeal to potential buyers and help to streamline the offer process, which is especially important in competitive markets. However, pre-listing inspections can also open sellers up to added liability. Talk to […]