Fun Facts

Blog, Fun Facts

Sign Surprise

Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract. They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that […]
Blog, Fun Facts

Over List

A statistic we keep our eye on is the percentage of homes which sell for at least list price. In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher. Here are the number of sales that occur for list price or higher in […]
Blog, Fun Facts

New Home News!

Nationally, sales of new homes are stronger than they have been in a long time. March was the best month since 2007 and April was the third-best month in that same time period. This research comes from the National Association of Home Builders who show that we are on pace to sell 673,000 new homes […]
Blog, Fun Facts

Down Again

Mortgage rates dropped again for the fourth week in a row. The average 30-year rate is now 4.06% which is the lowest it has been all year. Rates today are actually the lowest they have been since early 2018. The main factor driving rates down is the trade war with China. Investors are shifting […]

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Blog Sign Surprise Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract. They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that […]

Blog Over List A statistic we keep our eye on is the percentage of homes which sell for at least list price. In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher. Here are the number of sales that occur for list price or higher in […]

Blog New Home News! Nationally, sales of new homes are stronger than they have been in a long time. March was the best month since 2007 and April was the third-best month in that same time period. This research comes from the National Association of Home Builders who show that we are on pace to sell 673,000 new homes […]

Blog Down Again Mortgage rates dropped again for the fourth week in a row. The average 30-year rate is now 4.06% which is the lowest it has been all year. Rates today are actually the lowest they have been since early 2018. The main factor driving rates down is the trade war with China. Investors are shifting […]

Blog The Question of the Day As we are helping people understand their new property assessments and putting together information so that they may protest their new valuation, here is the most common question we hear… Did my property really go up that much? Here are some stats that will help you answer that question. First, you need to know that […]

Blog Inventory vs. Sales A stat we find interesting is the relationship between the inventory for sale versus what is actually selling. Specifically what we look at are price ranges. We are curious to know if the inventory that is for sale lines up with what the buyers want. Here’s what we notice… In Larimer County, 23% of all the […]

Blog Tax Time Property owners all over Colorado have a gift waiting for them in their mailbox- their new property tax notifications. Every two years, each county in Colorado places a new value on property for property tax purposes. No surprise, values were up along the Front Range. Here is the percentage of increase for various Colorado counties (keep […]

For Buyers What’s New? All about new homes… Nationally, sales of new homes are up 3% over last year and are running at an annualized pace of 697,000 homes. To put that in perspective, in April 2011 the annual pace was 310,000 homes and in April 2005 it was 1,260,000. So, nationally, new home starts are roughly double what they […]

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Blog Chugging Along The real estate market keeps chugging along. Here’s news from the Mortgage Banker’s Association… Last week, applications to purchase a home hit their highest level since April 2010. This is clearly a sign that the spring selling season is starting off in full swing. You may remember that the reason why April 2010 was so active […]

Blog Which Market? So, which is it? A buyer’s market or a seller’s market? Well, it depends! First, let’s define each market. According to research, a buyer’s market exists when there is more than 4-6 months of inventory on the market. If it would take longer than 4-6 months to sell out all of the inventory currently for […]

Fort Collins Real Estate Get Real We’ve seen some headlines recently that suggest home prices along the Front Range have peaked and are starting to decline. When we dig in and do the research, this is what we find… Home prices are still going up, just not as fast as they have been. We’ve known that the double-digit appreciation that we’ve seen for […]

Blog It’s Tax Time You probably don’t need a reminder that this is tax season. Not only because tax returns are due in two weeks but also because you will soon receive your property tax notification in the mail. Every two years your County re-assesses the value of your property and then sends that new value to you. When […]

Blog Party Like It’s 2018! Just a few months ago most people thought mortgage rates were heading to 5% and now they are back to where they were a year ago. You probably saw this week’s news from the Federal Reserve declaring that they would not raise their Federal Funds rate for the rest of 2019 (just three months after […]

Blog Condo Cyclone While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers. What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range. Compared to last year, multi-family inventory which includes […]

Blog The Office As you travel around the Front Range you will notice the following under construction: New Homes New Apartments New Medical Facilities However, you will not notice new office buildings under construction. What gives? I thought we had a booming economy. Why no new office buildings? There are a couple of reasons. First, construction costs have […]

Fort Collins Real Estate Vegas Baby The results are in from FHFA.gov’s latest ranking of the top performing markets in the U.S. Each quarter they track 245 cities across the country and rank their real estate markets by home price appreciation. What’s the highest performing city the the U.S. Vegas! Their prices have gone up 17.63% in the last year. How about […]

Fort Collins Real Estate 4 in 40 Did you know, according to FHFA, process in Larimer County have dropped more than 1% only 4 times in the last 40 years? FHFA stands for the Federal Housing Finance Authority. We are one of 261 markets that they track. Since 1978 they have been measuring home price appreciation here. If you look at the […]

Fort Collins Realtor A History Lesson One of the most common questions we hear from clients is “Where do you think interest rates are going?” Virtually all of the experts we follow put rates above 5% going into next year and some see rates approaching 5.5% by the middle of 2019. What’s certain is that there are economic forces at work […]