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Uncategorized Seller Facts Here are some fun facts about recent home sellers. This research comes from the National Association of Realtors survey of home buyers and sellers: 10 years = the average time recent home sellers have lived in their home. This number has remained essentially unchanged for the last ten years. From 1987 to 2007 the average […]
Uncategorized In Perspective Let’s put today’s home prices in perspective. Appreciation has been significant over the last 18 months. Some people are wondering if it can last and if there might be a housing bubble. There are two ways to look at prices. One way is in absolute terms. This is simply looking at the dollar amount a […]
Uncategorized No Inventory? One misconception about today’s market is that there is ‘no inventory.’ Actually, there are numerous new listings that hit the market each month. It just so happens that they tend to sell quickly. The numbers show the number of new listings that came on the market in September closely equate to the number of sales […]
Uncategorized Tracking Change Tracking Change by Fort Collins The market is changing. The change is slight, not drastic. Both potential sellers and potential buyers need to know that the pace of the market has slowed since the Spring. Here is one way we track this change… A review of the August numbers shows the pace of sales in […]
Uncategorized A List Not Made A List Not Made by Fort Collins Us Coloradoans are used to making many top-10 lists. Whether it be best place to live, best place to retire, best place to raise a family, or best place to own real estate, you can usually find a Colorado town or two on these types of lists. But, […]
Uncategorized High Average If you watch the weekly statistics that we produce and post on social media, a number that might be jumping off the screen at you is the average price. Specifically, it is the percentage increase in average price versus last year that is striking. We are commonly asked ‘how could average prices increase 20% to […]
Uncategorized Colorado Ranking Colorado Ranking by Fort Collins 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 […]
Uncategorized Calculated Risk Calculated Risk by Fort Collins The economic research blog called “Calculated Risk” just completed a fascinating study on home prices. Specifically, they looked at the correlation between home price growth and inventory. They used price data from the Case-Shiller Home Price Index and inventory data from the National Association of Realtors. No surprise, they found […]
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Uncategorized 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 […]
Uncategorized 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 […]
Uncategorized 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 […]
Uncategorized Yes is the Answer It turns out that ‘yes’ is the answer to the most common questions we hear right now about the market… Do you think more properties will come on the market this Spring?  Yes, the normal pattern in our market is for new listings to be 40% to 70% higher in April versus January.  The peak month […]
Uncategorized Latest Ranking by Fort Collins CoreLogic produces one of the most respected and widely-used home price index reports in the United States. They track home price appreciation in the largest markets across the Country. Here are the highlights from their most recent report: Home prices are up 9.2% Nationally This is the highest increase since February, 2014 […]
Uncategorized Why It Makes Sense to Sell Your House Now If you’re one of the many homeowners thinking about taking your house off the market during this time of year, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for buyers, NOW. The […]
Uncategorized 14 Times                         For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low. Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971. Just […]
Uncategorized Remodeling Impact Remodeling Impact Americans spend $400 billion per year remodeling their homes. So, which remodeling investment gives the best return when it comes to resale value? It should come as no surprise, especially leading up to Thanksgiving, that the best money to spend upgrading your home is in the kitchen. It’s the place where most homeowners spend most of […]
Uncategorized 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% […]
Uncategorized What the Numbers Say. Friday Fun Facts http://windermerenoco.com/2020/05/08/what-the-numbers-say
Uncategorized Special Event with Mathew Gardner, Chief Economist 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 […]