COVID-19 Mondays With Matthew April 20, 2020

This Monday’s Topic covers U.S. New Homes:  

  • New Home Sales 
  • Household Formations 
  • Year Over Year Changes in Home Ownership vs Renters 
  • New Home Supply & Demand 
  • Impacts to New Development 
  • Looking Forward –  New Home Development 

How questions or feedback? Email me at justine.marx@windermere.com.


Posted on April 20, 2020 at 8:24 pm
Justine Marx | Posted in Economics, Real Estate Outlook, WHO LOVES STATS | Tagged , , , , ,

Credibility in Real Estate Statistics & Market Trends

 

Are the national and local market and trends that are being fed to you credible? Is your real estate resource full of trustworthy statistics that enhance your knowledge of whether to buy or sell? Know that It is okay to ask for the source and credibility of the statistics that are influencing your future home buying decisions. It is only the biggest purchase of your lifetime.

When working with my clients I feel confident in the market trends and statistics that I provide. I leverage one of the most powerful resources in real estate, Matthew Gardner, Chief Economist at Windermere. Matthew is a well-respected economist with 28 years of professional experience in both the U.S. and U.K. In short, his strengths are in analyzing and interpreting real estate market trends, as well as accurately forecasting and delivering what to expect in the new year. If you are unfamiliar with Matthew and his influence, send me a request to receive our quarterly Gardner Reports to understand the significance of Matthew’s output, and most importantly our local market trends. Even Better!!! If you would like to experience Matthew firsthand, attend our Windermere Annual Forecast the January in Fort Collins and Denver. Contact me for more details and to RSVP as spots are limited.


Posted on December 4, 2019 at 4:46 pm
Justine Marx | Posted in Economics, Economics 101, Fort Collins Real Estate, Housing Trends, Real Estate, Real Estate Outlook, WHO LOVES STATS, Windsor Real Estate | Tagged , , , , , , , , ,

Party Like It’s 2018!

 

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 saying they would raise rates at least twice this year).

 

While this is big news, even bigger news for mortgage rates is that the 10-year Treasury yield just hit its lowest point since January 2018. One thing we’ve learned from our Chief Economist Matthew Gardner is that mortgage rates follow the 10-year treasury (not necessarily the Fed Funds rate).

 

Last Spring it looked like mortgage rates had bottomed out and they steadily climbed through the Summer and Fall of 2018. It looked certain that they would hit 5% around January.

 

Instead they started dropping. Now with the 10-year Treasury at a 15-month low, they just dropped a little more and they are back to where they were a year ago.

 

Great news for buyers! Party like it’s 2018!


Posted on March 26, 2019 at 11:41 am
Justine Marx | Posted in Buyers, Real Estate, Real Estate Outlook | Tagged , , , , , , , , , ,

Why No 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 is 65% represented by the red line.

In the graph you can clearly see the bubble forming. Starting in the mid-90’s, driven by several political and economic factors, more people than ever before became homeowners.

 

 

Then, starting in, 2008, the bubble burst and the percentage tumbled back down.

Now, as you can see, we are back at a “normal” level that resembles the long-term average.

________________________________________

If you would like a copy of the entire Forecast presentation, go ahead and reach out to me. We would be happy to put it in your hands.


Posted on February 5, 2019 at 7:01 pm
Justine Marx | Posted in Economics, Real Estate Outlook | Tagged , ,