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 show that today’s housing environment is quite different than 2007, right before the housing bubble burst.

Specifically, homeowners are in a vastly different situation with their mortgage compared to the pre-Great Recession’s housing meltdown.

In addition to much higher credit scores and much higher amounts of equity compared to 2007, the most significant difference today is in the amount of ARM mortgages.

Back in years leading up to the housing bubble, Adjustable Rate Mortgages were very prevalent.  In 2007 there were just under 13 million active adjustable rate loans, today there are just over 3 million.

The number of those ARMs that would reset within three years was 5 million in 2007 compared to only 320,000 today.

It’s those Adjustable Rate loans resetting to a higher monthly payment that caused such a big part of the housing crisis back in 2008 to 2010.

Back then not only was people’s employment impacted, but many were facing increased monthly mortgage payments.

That’s why there were so many foreclosures and short sales in 2008 to 2010.

That is not the case today and one of many reasons why we don’t foresee a housing meltdown.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

Posted on May 1, 2020 at 3:11 pm
Meagan Griesel | Posted in Colorado Real Estate, Fun Facts | Tagged , , , , , , ,

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 Denver and Colorado.

In Metro Denver, 50% of all buyers last year were in the Millennial demographic.

In Northern Colorado, the number is 41%.

It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.

Posted on January 17, 2020 at 3:41 pm
Meagan Griesel | Posted in Colorado Real Estate, Fun Facts | Tagged , ,

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

Posted on October 17, 2019 at 4:39 pm
Meagan Griesel | Posted in Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts | Tagged , , , ,

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 3.41%. By August 2013 they had jumped to 4.40%.

Rates bottomed again in October 2016 at 3.42%. Just two months later in December 2016 they were 4.32%.

Each time the increase was nearly 1% within just a few months.

So, if history proves itself as a guide, we can’t expect these rates to last for long.

Posted on September 13, 2019 at 5:32 pm
Meagan Griesel | Posted in Colorado Real Estate, Fun Facts, Real Estate Tips | Tagged , , , ,

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 helpful tips you can clean and stage your home to show off it’s beauty. All your spaces will be inspected during a showing, but there are a couple key rooms that are especially important to focus on to impress the buyers.


Kitchen: Clean and Free of Clutter


The kitchen in every home is a source of love and congregation, where food is prepared for the family and loved ones tend to gather. First, you want to thoroughly clean and organize the entire kitchen, including drawers, cabinets, and pantry. Don’t forget the appliances – clean all the refrigerator shelves, wipe out the microwave, and deep clean your oven. Next, you will need to stage your kitchen. Staging is decorating with the intention to increase attractiveness to the strangers surveying your home. The less you have on your counters the better, so put away all the small appliances and containers. Keep only a pretty bowl full of lemons or limes to add a pop of color. The kitchen can be a difficult area to keep clean while selling your home because you are still using it several times a day. In the coming weeks, take the time to completely clean up after every meal, even when you are in a hurry.


Living Room: Staged to Perfection


Your living room is likely the focal point of your home, as it is often the largest space and the one where most time is spent. According to House Beautiful, the living room will help you sell your home more than any other room in the house. As with all the other spaces in your home, you will need to deep clean thoroughly and keep it tidy as the home sits on the market. Most important for this particular room is flawless staging. Living rooms tend to be a home for beloved knick-knacks, family photos, and cozy collections of favorite blanket and pillows. All this personalization needs to go. If staging feels impossible to you, consider hiring a professional home stager to help out. A beautifully staged home will sell faster and at a higher cost than a home left in its original state.


Master Bedroom: Peaceful Retreat


Lastly, the master bedroom needs your attention. This is the place in your home that signals rest, a peaceful retreat from the busyness of life. In addition to a deep clean, you need to declutter and organize the space well. Take advantage of storage space underneath your bed, out of sight from prospective buyers. Utilize functional furniture like decorative trunks and storage ottomans to store your belongings and clear off surfaces. A decluttered space is the first step to creating a peaceful retreat. Next, paint your walls a calming neutral color like soft gray or pale blue, and replace heavy curtains with light sheer panels to allow natural light to shine through. With a few simple touches, your bedroom will be showroom-ready.


Of course, not everyone has time in their busy schedules to devote to cleaning on a regular basis. If you discover you’re having a difficult time making it all come together, look into hiring a housekeeping service, one that can help you keep your kitchen spotless, your bedrooms tidy, and your house ready for any potential last-minute showings.


By focusing on these three main rooms – your kitchen, living room, and master bedroom – you will have an easier time getting your home cleaned and staged. It is a stressful time putting your house on the market, but remember that it’s only temporary. In no time, your beautiful home will sell to the perfect buyer, and you will be able to move on to your next adventure.


Kris Louis is mom to two rambunctious boys. Her oldest is 10 and her youngest is 7. A former advertising copywriter, she recently created, where she puts her skills to work writing about the trials and tribulations of parenting. Kris, her husband, and two boys live in Durham, NC.

Photo Credit: Pixabay

Posted on August 26, 2019 at 1:46 pm
Meagan Griesel | Posted in Colorado Real Estate, Loveland Real Estate, Northern Colorado Real Estate, Real Estate Tips | Tagged , , , ,

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 often becomes stigmatized by the market and potential buyers assume there must be something wrong with it
  • Homes that likely would have sold within hours a year ago, are now sitting on the market
  • Condition is super-important as buyers become even more picky
  • Pricing a property correctly on day one is paramount
  • Sellers who over-price their property are finding themselves chasing the market


Posted on August 5, 2019 at 4:22 pm
Meagan Griesel | Posted in Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts, Northern Colorado Real Estate | Tagged , ,

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 though the pace of sales is going down, prices overall are still going up.

Even in today’s growing market, we do notice that in certain price ranges, in certain locations, sellers are having to reduce their price to attract offers on their homes.

What we know is that all markets are local and there are trends that occur on a micro level that sometimes differ than the overall macro trends.

If you are curious to know what the value of your home is in today’s market, I’d be happy to show that to you.

Posted on June 7, 2019 at 1:18 pm
Meagan Griesel | Posted in Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts | Tagged , ,

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 & County Road 135 – google calls it Raymer for the city. Actual photos coming! Call for your private showing at (970) 691-0056 for more information or click the link below for more details.

Posted on May 24, 2019 at 7:24 pm
Meagan Griesel | Posted in Blog, Colorado Real Estate | Tagged , , , , , ,

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 shifting money from stocks into bonds which causes the yield on the 10-year Treasury to drop.

Mortgage rates are closely aligned with the 10-year Treasury.

At the beginning of the year, most experts believed that 2019 would have a trend of increasing mortgage rates eventually reaching 5.5%.

Instead, the opposite has happened which is good news for real estate.

Posted on May 24, 2019 at 1:14 pm
Meagan Griesel | Posted in Blog, Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts | Tagged

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 property assessments are done by the County every two years. So, as you look at how much your property increased in value according to the County, keep in mind that this increase is over a two-year period.


Next, it will help you to know how much our markets increased, on average, over the last two years. This data comes from our most trusted source, the Federal Housing Finance Authority.

Two Year Appreciation:

• Metro Denver = 18.65%
• Larimer County = 17.60%
• Weld County = 22.31%
• Boulder County = 16.28%

If you have questions about your new valuation or how to protest your property’s assessment, we would be happy to help. Just reach out and let me know.

Posted on May 17, 2019 at 6:33 pm
Meagan Griesel | Posted in Colorado Real Estate, Colorado Real Estate Market Update, Fort Collins Real Estate, Fun Facts, Loveland Real Estate, Northern Colorado Real Estate | Tagged , ,