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Blog New Home Surge Sales of new homes have jumped to their highest levels in 14 years. The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report. This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and sold over the […]
Blog Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states. Some significant findings from the report: House prices have risen for 36 consecutive quarters, or since September 2011. House prices rose in all 50 […]
Blog Charming Brick Beauty! Amazing brick ranch home on .23 acres with NO HOA awaits! You will love the way 2325 Farisita Dr Loveland, CO flows from room to room! The home has been freshly painted with beautiful grey and white colors throughout and new LVP flooring installed on the main level. 3 bedrooms and 2 bathrooms are on […]
Blog Spring in Summer This year the Spring market is occurring in the Summer. Typically the busiest months for real estate along the Front Range are April, May and June. This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer. Here’s an indicator.  Sales through July 2020 versus July 2019 are up: […]
Gardner Report Gardner Report – Second Quarter 2020   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 […]
Blog More Homes Needed The market is in short supply. More homes are needed to fulfill the need to buyer demand. Compared to exactly one year ago, the supply of homes is down: 32.6% in Metro Denver 25.1% in Northern Colorado An interesting and useful measurement we track is months of inventory.  This stat tells how long it would […]
Blog Caught Up We’ve been waiting for June to catch up.  It finally happened (almost). Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year. Bottom line, fewer properties going under contract in […]
Fun Facts On Sale Money is on sale (again). 30-year mortgage rates now sit at 3.3%. This is less than half of the long-term, 40-year average. This is also almost a full percentage point lower than they were one year ago (which was still very low). Let’s put this in real numbers. A $300,000 loan at today’s rates has […]
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Fun Facts Faster Here’s something true about today’s market.  Properties are selling fast. Compared to one year ago, the number of days it takes for a property to sell is significantly lower. The industry term is “Days on Market” or DOM. DOM is way down. Here is the comparison of May 2020 versus May 2019: Metro Denver down 22% […]
Fun Facts Pent Up Demand We notice a very interesting dynamic in the market right now. There was clearly a pent-up real estate demand created during the recent time when in-person showings were not allowed.  The numbers back it up. First, a little background.  During a portion of “Shelter in Place,” all in-person viewing of properties ceased.  Instead, buyers spent […]
Economics 101 Another Meltdown? This week our Chief Economist took a deep dive into the numbers to examine the current health crisis versus the housing crisis of 2008. The reason why?  People wonder if we are going to have another housing meltdown nationally and going to see foreclosures and short sales dramatically increase. It turns out that the numbers […]
Economics 101 Why No Crash This week we hosted our clients and friends for a special online event with our Chief Economist Matthew Gardner. Matthew talked about a variety of topics that are on people’s mind right now including home values. Matthew sees no evidence that home values will crash and actually sees signs that they may rise this year […]
Colorado Housing 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 from clients […]
Fun Facts Inventory Drop An impact we expected from COVID-19 to the housing market is reduced inventory.  That prediction is certainly proving to be true. In March, the number of withdrawn properties from the MLS went up 68% in Larimer County and 38% in Weld when compared to March 2019. Reduced inventory is one reason why we don’t expect […]
loveland real estate Spectacular Two-Story Home in Loveland! Fantastic 6 bed, 4 bath home at 3165 Tradewind Court in Loveland in Waterfront at Boyd Lake awaits. The 2 story home sits on over 1/3 of an acre, backing to open space with spectacular mountain views. As you enter the home, the grand entrance welcomes you with a formal sitting room and custom painted […]
Fort Collins Real Estate Spectacular Ranch Home is Stanton Bridge in Fort Collins! Your new home awaits at 848 Terra View Circle in Fort Collins on over 3/4 acre lot. This beautiful home has been updated on the inside and outside. Freshly painted exterior and new roof gives this home amazing curb appeal. Enter the home to refinished wood floors, new carpet and fresh interior paint. The chef […]
Fun Facts A History Lesson With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points yesterday, it makes some people wonder if the local real estate market might also crash or at least “correct.” A little history lesson is in order. Over the last 40 years, the real estate market along the Front Range has […]
Fun Facts Corona Rates Interest rates on a 30-year mortgage right now are just about the lowest they have ever been in history. The rate today is 3.45% The lowest-ever in November, 2012 was 3.31% A year ago they were 4.35% So, what gives?  Why are rates so low?  It turns out that the coronavirus is pushing rates down […]
Fun Facts Supply and Demand Northern Colorado gave us a real-life economics lesson in January 2020.Compared to one year ago… Inventory was down 10% (Supply) Homes under contract went up 31% (Demand) Prices were up 5% (Result)   If you would like to see a video recap of our annual Market Forecast you can watch that HERE.  
For Buyers Affordability Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years. Here’s some interesting research on affordability… Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country. Their method is to count the number of homes in […]
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