Economics 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.
Buyers Mortgage Interest Rates – What Difference Does It Make A 1% decrease in Mortgage Interest Rates can provide significant savings to your monthly and annual mortgage payments. Let’s use an example: Purchase Price: $300,000 Loan Terms: 30 Year Conventional 20% Down Fixed Rate: 5% – Monthly Principal & Interest = $1,288 4% – Monthly Principal & Interest = $1,145   Est Savings = $143 per […]
Economics A History Lesson   With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points last week, it makes some people wonder if the local real estate market might also crash or at least “correct.” A little history lesson on the Front Range real estate market is in order.    In the last […]
Buyers & Sellers March 2020 Market Update   Okay, Northern Colorado its time for your monthly March Market Update! There is a HUGE benefit for buyers in today’s market with interest rates being below 4% or even lower in some cases. Take advantage of this insanely low interest rate so you can start taking advantage of this appreciating market. Average Single Family […]
Buyers & Sellers Lovely Stats Prices are up 3.5% compared to last year Inventory is up 10% which means there is more selection for buyers We just had the most active January in terms of closings in over 10 years Well over 13,000 residential properties representing $5.4 Billion of volume has sold in the last 12 months If you would […]
Economics 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 […]
Buyers Two Tales This is a Tale of Two Counties. When it comes to new home activity, there is a big difference between Larimer and Weld Counties. Larimer County new home starts are down 10% and new home closings are down 15% compared to last year. Weld County new home starts are up 18% and new home closings […]
Buyers Most Active   What is the most active price range in Northern Colorado?  Take a guess… $300,000 to $400,000 $400,000 to $500,000 $500,000 to $750,000 $750,000 and above By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and […]
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