Blog • Fun Facts • June 14, 2021

Colorado Ranking

by Rondi duPont

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 us ranked 13th with only a 13% year over year increase (said with sarcasm).

Idaho is first with a whopping 24% increase. Utah is second at 19%.

Here is our interpretation of these numbers…

Colorado has a history of strong, steady price growth instead of booms and busts.

Our market does not take the big, wild swings in prices that other markets sometimes do.

The fact that Colorado is not at the very top of the list right now is actually good news to us.

We know that our clients appreciate a market that is more steady instead of one that can feel like a rollercoaster.

Colorado Home Price Appreciation

by Rondi duPont

New Rankings

The new rankings are out from the Federal Housing Finance Authority which ranks all 50 states plus close to 300 individual metropolitan markets for home price appreciation.

We trust this source because they track actual sales of individual homes versus simply looking at average prices. Their home price index is one of the key pieces of research that we follow closely.

There are a few significant items in their latest report (which is hot off the press).

Colorado is ranked 2nd for one-year appreciation, 5th for five-year appreciation and 1st for twenty five-year appreciation. Prices across Colorado have increased 324% since the end of 1991.
Fort Collins/Loveland is ranked 10th out of all the metro areas for one-year appreciation with a 12.1% increase.
Greeley is in at 21st with 10.73% appreciation

In case you are curious, the hottest market in the country is Mount Vernon, Washington with 15.1% yearly appreciation. Atlantic City is ranked last with a 0.8% price decrease.

It’s clearly “good to be us” as we are one of the highest-performing markets over the long-haul.

Check out the FHFA recap video here:

Here is the data straight from FHFA’s report:

U.S. house prices rose 1.6 percent in the second quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.6 percent from the second quarter of 2016 to the second quarter of 2017. FHFA’s seasonally adjusted monthly index for June was up 0.1 percent from May.

The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. FHFA has produced a video of highlights for this quarter.

Significant Findings

Home prices rose in 48 states and the District of Columbia between the second quarter of 2016 and the second quarter of 2017. The top five states in annual appreciation were: 1) Washington 12.4 percent; 2) Colorado 10.4 percent; 3) Idaho 10.3 percent; 4) Florida 9.4 percent; and 5) Utah 9.2 percent.
Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Seattle-Bellevue-Everett, WA (MSAD), where prices increased by 15.7 percent. Prices were weakest in New Haven-Milford, CT, where they rose by 0.1 percent.
Of the nine census divisions, the Pacific division experienced the strongest increase in the second quarter, posting a 2.6 percent quarterly increase and a 8.9 percent increase since the second quarter of last year. House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.8 percent from the last quarter.

Source: FHFA

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • March 14, 2017

The Results Are In!

by Rondi duPont

You’ve probably heard that prices are up in Northern Colorado

Another source just confirmed this.

The Federal Housing Finance Authority recently released their quarterly report on 260 metropolitan markets across the country.

Get this, Colorado has 4 cities ranked in the top 15 for yearly price growth.

Northern Colorado is well-represented on this list.

11th Fort Collins/Loveland
12th Greeley
15th Boulder

By the way, Denver is 14th. And in case you are wondering, Palm Bay Florida is ranked 1st.

All of the Northern Colorado cities have had just over 10% appreciation in the last year meaning that prices are growing at about double the long-term average.

To receive a copy of the full FHFA report, simply email me at rdupont@windermere.com and I will get one in your hands right away.