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 states and the District of Columbia between the second quarters of 2019 and 2020.

The top five areas for annual appreciation were:

1) Idaho 10.8%

2) Arizona 9.1%

3) Washington 8.6%

4) Utah 8.1%

5) New Mexico 7.7%.

Idaho has been the leading state for the last 7 quarters.

Colorado showed annual appreciation of 4.4%.

The areas showing the lowest annual appreciation were:

1) West Virginia 1.1%

2) North Dakota 1.1%

3) District of Columbia 1.4%

4) Illinois 2.5%

5) Alaska 2.6%.

House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters.

Annual price increases were greatest in Honolulu, HI, where prices increased by 11.7%.

Prices were weakest in San Francisco, where they decreased by 0.3%.

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Posted on August 28, 2020 at 3:47 pm
Windermere Windsor | Posted in BlogFun FactsWindermere Real Estate | Tagged 

Posted on September 21, 2020 at 12:00 pm
Meaghan Nicholl | Posted in Uncategorized |

Bubble Burst

Every so often we will hear a concern that another housing bubble is forming.

To help answer that question it’s valuable to look at the reasons that caused the last one.

There were three main drivers of the bubble that burst in 2008:

  1. Easy Credit – loans were very easy to attain
  2. Over-Leverage – people were using their homes at ATM’s
  3. Over-Supply – too many new homes were being built

Now, let’s compare that to today:

  1. Stricter Credit – the average home buyer today has a FICO score of 755
  2. High Equity – collectively, U.S. homeowners have $19 Trillion of equity in their homes and collective mortgage debt has not increased for 13 years
  3. Under-Supply – today we are building only two-thirds of the new homes being built in 2004 yet the population is much higher

Given this healthy information, we don’t see another housing bubble forming today.

If you would like to see a video recap of our annual Market Forecast you can watch that HERE.


Posted on February 21, 2020 at 5:00 pm
Meaghan Nicholl | Posted in Economics 101, Fun Facts, Uncategorized | Tagged , , , , , , , ,

Incorporate Pantone’s Color of 2020 into Your Home

Classic Blue has officially been anointed Pantone’s 2020 “Color of the Year”.  Pantone says it picked this color because of its ability to instill calm, confidence, and connection as we cross the threshold into a new decade. A dependable color, Classic Blue is timeless, and enduring, making it a great addition to just about any room in your home.

Here are some ways to add this stunning shade of blue to your home:

 

Furniture

Add a splash of color to any room with Classic Blue furniture, such as these dining room chairs, which express a sense of tradition and elegance, as well as unexpected boldness.

 

Tile Work

Geometric patterns are all the rage this year, so why not liven up your kitchen backsplash with tiles that incorporate the color of the year? Here’s an example that achieves this through bold, colorful design that doubles as a piece of art.

 

Cabinets

If geometric tile isn’t your thing, the are other ways to bring your kitchen to life with this stunning shade of blue. If you’re not in a position to purchase all new cabinets, simply paint your current cabinets for a more affordable update.

 

Walls

Whether it’s built-ins, panels, or an accent wall, Classic Blue can make your furniture and décor pop. Consider this color when you paint your living room or bedroom as a way to encourage calm and confidence in your favorite spaces.

Posted on February 4, 2020 at 9:43 pm
Windermere Windsor | Posted in Home Owner | Tagged 

Posted on February 19, 2020 at 12:00 pm
Meaghan Nicholl | Posted in Uncategorized |

Here’s Your Spring Maintenance Checklist

Posted in Living by Kenady Swan 

 

Now that spring has sprung, let’s clear the cobwebs and get your home ready! Here is our quick guide to spring home maintenance:

 

Inspection top to bottom: Now that the weather is temperate you will want to check on how your home weathered the winter. Check the roof for leaks, the gutters for damage, and the siding for cracks. You will also want to inspect your basement or foundation for any shifts. Make repairs now to prevent further damage.

 

Clean out the gutters: April showers bring May flowers… so clear out the gutters to keep rain from pooling on your roof or near your foundation.

 

Pest control: Spring is mating season for eight-legged critters, so sweep out cobwebs, clear debris, and check the nooks and crannies. If you live in an area prone to dangerous species like brown recluse or black widows, you may want to contact your local pest control, but otherwise, household spiders do help eliminate other bugs.

 

HVAC system: If you have an air conditioner now is the time to check to make sure it is ready before summer gets here and everyone else is clamoring for maintenance. Now is a good time to check your home air filters and replace or upgrade to keep allergens at bay.

 

Clear the clutter: Do a sweep around the house and get rid of junk that you don’t use! Take a little time each week to tackle a room. Closets, playrooms, and basements can be especially daunting, but getting rid of old stuff and refreshing your space will go a long way!

 

Deep clean: On a nice day open the windows, dust, wipe, scrub, and clean. You will get a nice workout and your home will look and feel so fresh after a winter of being cooped up.

 

Update your décor: Add a splash of color to your home with small embellishments. Add a colorful vase, a lighter throw for your sofa, pretty pastel pillows, or spring-time candles, to upgrade your living space.

 

Take it outdoors: Let your throw rugs, curtains, and other tapestries air our outside. Shake off the dust, spot clean what you can and let everything bask in the sun for an afternoon.

 

Don’t forget the back yard: It may not be time to start up the grill, yet, but you can get started on your outdoor entertaining checklist. Check your lawn, and if you have some spare spots start filling in with seed. Check your outdoor plants, prune, plant bulbs, start to replenish the soil for your garden, and mow, so you are ready to start when the season allows.

Speaking of the grill – if you have a gas grill you will want to pull this out and perform a maintenance check. Clean everything up and check to make sure all the gas lines are clear, as these can get clogged after sitting idle all winter. Make sure the grill is clear of spiders too, as they can build webs in the tubes, causing damage to your grill. You can start to bring out your garden furniture too, or clean it up if you left it covered outside all winter. Because before you know it, it’ll be barbeque season!


Posted on June 3, 2019 at 12:00 pm
Meaghan Nicholl | Posted in Blog, Home Ownership, Uncategorized | Tagged , , , , , , , , ,

Charming Home in the Heart of Fort Collins

 This beautifully remodeled home at 515 10th Street is located in the heart of Fort Collins provides easy access to Old Town Fort Collins, breweries, CSU, I-25 and the Poudre Trail! This home sits on a spacious lot with a recently finished privacy fence, storage shed and beautiful landscaping in the back yard. Featuring stainless steel kitchen appliances, granite counter tops, sliding barn door, private driveway, as well as mature trees and landscaping. This home surely won’t last long! Call for your private showing at 970-497-9045 for more information or click the link below for more details.

Posted on October 8, 2018 at 7:46 pm
Meaghan Nicholl | Posted in Fort Collins Real Estate, Uncategorized | Tagged , , , , , , , , , , , , ,