Fun Facts

Blog Job Bounce “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people expected.  When COVID first showed […]
Blog Rate Heading   Rate Heading Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They […]
Blog Million Plussing The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes. Closings of million-plus single family homes are up significantly along the Front Range. When compared to this same time last year, sales of properties in this […]
Colorado Housing Stat of the Month We just completed a review of the September numbers in our market. Here is the one number that is standing out to us – average price. Prices are way up over last year.  Here are the specific average price increases in each of our markets compared to September 2019: Metro Denver = 13.2% Larimer County = […]
Blog 6 Million The National real estate market just hit a massive milestone. Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years. The 6 million threshold is a big deal in the real estate brokerage world. Each month, as they […]
Blog 6 Million The National real estate market just hit a massive milestone. Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years. The 6 million threshold is a big deal in the real estate brokerage world. Each month, as they […]
Blog Forbearance Falls The number of loans in forbearance just fell to their lowest level since mid-April. This is good news for the real estate market. Less and less people are seeking payment relief on their mortgages. The number of loans currently in forbearance stands at 7.16%. This news coincides with the U.S. Unemployment Rate falling to it’s […]
Blog Pendings are Popping Temperatures may be cooling off but the Front Range real estate market is not. Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer. Not this year. The indicator we use to measure future closed sales is current pending sales. Simply, we look at the number of […]
Don't Miss Our Next Post
Subscribe Now
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 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 At Least List Periodically we track a stat which we find to be quite interesting.   It answers this question – how many properties are selling for at least list price (asking price or higher)?   This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
Blog Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S. Their most recent quarterly report was just released this week. Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets. It is interesting to see how […]
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: […]
Blog Buyer Contemplation New research from the National Association of Home Builders:   The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.   At this time last year, 12% of Americans considered buying a home. Today the number stands […]
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 […]
Blog Rate Meaning Mortgage interest rates have hit another record low this week. Mortgage applications for purchases just hit an 11-year high. Rates are at a level that many people could never have imagined. Here’s something that is surprising to many people… Rates are 1.5% lower than they were just two years ago. Here’s what that means for buyers… […]
Blog Tight Inventory The numbers that we find to be most interesting right now are all related to inventory. Long story short, inventory is tight. It was already tight pre-coronavirus and now it’s even tighter. Here are the numbers. Active properties for sale versus one year ago are down: 11% in Larimer County 20% in Weld County 26% […]
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 […]
Economy 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 […]