Colorado Real Estate

Colorado Real Estate Another Real Estate 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 […]
Colorado Real Estate Millennial Buyers Millennials often get a bad rap.  One of the myths about Millennials is that they don’t own homes and will be renters forever. Not true!  Especially on the Front Range of Colorado. Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro […]
Colorado Real Estate Add to Your Net Worth! It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth. Check out these numbers from the Federal Reserve’s Survey of Consumer Finances: Median Net Worth in the U.S. = $97,300 Median Net Worth of a Renter = $5,200 Median Net Worth of a Homeowner = $231,400
Colorado Real Estate Rate Bounce Rates hit near-historic lows this week and are now at 3.49% for a 30-year mortgage. There have only been two other times in history when rates have been this low- April 2013 and October 2016. It’s interesting to see what happened soon after bottoming out these last two times. In April of 2013 rates hit […]
Colorado Real Estate Prepping Your Home for Sale: The Rooms That Matter Most   When you’re selling your home, one of the most important jobs you have is to make your home more attractive to prospective buyers. According to MoneyWise, some of the biggest turnoffs for buyers are a messy, dirty, or smelly home. Thankfully, this is an area that you have complete control over, and with some […]
Colorado Real Estate How’s the Market in NOCO? Here are some observations we have about the market right now: Inventory is up, price reductions are up, the length of time to sell a home is up Seller concessions are more prevalent Sellers are more willing to accept contingent offers (especially in higher price ranges) If a home doesn’t sell within a week, it […]
Colorado Real Estate Still appreciating – just slower The Latest Here’s the latest from the Federal Housing Finance Authority’s report on price appreciation.  They track 241 markets across the country.  These are the one-year price growth numbers for the Colorado cities on their list: Boulder = 6.14% Colorado Springs = 9.18% Denver = 6.97% Fort Collins = 6.43% Greeley = 7.06% So, even […]
Blog 313 Acres in New Raymer! 0 County Road 134 offers 1/2 section of dry pasture land with excellent grass. Currently enrolled in CPR which expires in 2021 and currently pays $8500 annually. Perfect for grazing animals and great potential for a ranch. Very nice typography on this property. Parcel is located at the South West corner of County Road 134 […]
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Blog Mortgage Rates are Down Again 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 […]
Colorado Real Estate Property tax assessments 2019 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 […]
Colorado Real Estate Colorado Real Estate Market Update Q1 2019     The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park counties) 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 […]
Colorado Real Estate Who’s market is it? 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 […]
Colorado Real Estate Friday Fun Facts. How’s the Market? 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 […]
Colorado Real Estate Property Tax Notification coming soon! 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 […]
Colorado Real Estate Colorado Real Estate – 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 […]
Blog Office Real Estate in Northern Colorado 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 […]
Colorado Real Estate Real Estate Rankings by City… #1 is Vegas 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. […]
Colorado Real Estate Why we are not in a Real Estate Bubble… There are several reasons why our Chief Economist does not believe there is a housing bubble today in the U.S. Below is a slide he shared at our recent market Forecast events. It shows U.S. Home ownership rate, which is simply the percentage of the population who own their home (versus renting). The long-term average […]
Colorado Real Estate 2019 Real Estate Market Forecast Our Forecast This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins. Thank you to the 700 people who attended.  We appreciate your support! In case you missed the events, here are some highlights including our forecast for price appreciation in 2019: In […]
Blog How’s the Colorado Real Estate Market? What’s Starting? Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range. New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory Every product type saw an increase in […]