Market Trends

Fort Collins Real Estate More Days A stat that we have expected to change is finally changing. “Days on Market” measures how long it takes for new listings to sell. Over the last two years this stat plummeted to levels we have never seen before. In the height of the market frenzy a year ago, properties were taking 7 days or […]
Market Trends Delinquent Indicator A leading indicator of the health of any real estate market is Mortgage Delinquencies. Specifically, the percentage of mortgages which are at least 30 days delinquent can foretell the amount of distressed properties that may hit the market in the future. The most recent research shows that only 4.11% of all loans are delinquent. This […]
Market News Inventory Bottom In Front Range markets, the number of homes for sale has just hit bottom or is about to hit bottom. This is terrific news for home buyers who have been waiting for more homes to choose from. The market is shifting, there is no doubt about that. Prices are still increasing and we expect them […]
Buyers & Sellers What We Notice Here is what we notice about the market right now: Listings are receiving fewer offers compared to 60 days ago – instead of 10 offers, a listing might have 2. There are now several instances of a listing only having one offer. Sellers who were overly-aggressive with their list price have to quickly reduce in […]
Buyers & Sellers Common Real Estate Contingencies Contingencies help to spell out the specifics of a real estate transaction by dictating what must happen so the contract becomes legally binding. If certain conditions aren’t met, the applicable contingency gives the buyer and the seller the right to back out of the contract per their agreed-upon terms. When selling your home, a buyer […]
Market Trends Active Average While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet. These are the average prices, by area, for properties currently listed for sale and not sold yet: Metro Denver = $954,000 […]
Market Trends Rate Perspective Given the recent increase in mortgage interest rates, we think a little perspective is in order. The average 30-year rate for the last 40+ years is 7.5% Rates are now back within the range where they were between April 2018 and February 2019 Between January 2000 and December 2009, the high was 8.15% and the […]
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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Market Trends 3.2 Trillion The new CoreLogic Homeowner Equity Insights report shows that homeowners in the U.S. have seen their equity increase by a total of $3.2 trillion over the last 12 months. Their data shows that 63% of all homes have a mortgage. On average, U.S. homeowners gained $55,000 while the average increase in Colorado was higher at […]
Buyers 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 […]
Buyers Money at a Discount This week, for the first time in 32 months, mortgage rates hit 4%. While this increase may feel painful for buyers currently looking at property, it is important to put today’s rates in perspective. We believe we will look back a few years from now and see that a 4% rate was like buying money […]
Home Pricing Housing Inventory Many of our clients wonder if the current pace of price growth can continue.  Some even ask if prices will decline this year. Based on researching the Case-Shiller Home Price index and the National Association of Realtors home inventory data, there must be at least 6 months of inventory in a market for prices to […]
Market Trends Knowing When to Sell Your Home Of all the components involved in a successful home sale, there is perhaps no greater contributing factor than timing. Knowing when to sell your house gives you the best chance to make an impact when you hit the market. Every seller’s situation is unique but choosing when to sell comes down to how prepared you […]
Buyers & Sellers What is a Seller’s Market? When the housing market favors sellers, a seller can expect ideal conditions for selling their home. However, that’s not to say that a seller’s market doesn’t come with its own unique set of challenges for parties on both sides of the transaction. That’s why it’s critical for buyers and sellers to work with an agent […]
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 & Sellers Enormous Equity Hot off the press is the Core Logic Homeowner Equity Report.  This is their quarterly look at what is happening with homeowners’ equity across the country. Here are the staggering numbers coming out of their research: Collectively, U.S. homeowners with mortgages have realized a $1.5 Trillion gain in equity over the last 12 months. Only […]
Buyers 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 […]
Economics 101 Q4 2020 Colorado Real Estate Market Update 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 your Windermere agent. […]