1. Dismal Sales Round Out A Rollercoaster 2022

    In my entire career, I don't think I've ever seen a "status quo" kind of year in Northern Colorado Real Estate.  I've seen the lowest of the low, the highest of the high and everything in between.  Typically, a year will have a constant theme.  In 2022, the year was "rollercoaster" simply due to the incredible shift midway through the year in home prices, sales and interest rates.  Both buyers…Read More

  2. Sales Plummet While Buyers Sit and Wait

    Real estate in Northern Colorado has gotten pretty sticky over the last 3-4 months, and as we head into the holiday season, it seems like buyers are taking the wait and see approach.  As it stands now, most industry experts believe that interest rates still have some room to come down, and prices also have some room to come down.  Right now, the fate of the market is in the buyers hands, for the…Read More

  3. Sales and Prices Drop Throughout Northern Colorado

    The Northern Colorado real estate market is in full slowdown mode as the "new normal" begins to pan out - higher interest rates keeping many buyers on the sidelines, while now sellers are competing for buyers who are brave enough to take on the 6-7% interest rate environment.  There is plenty of pain on either side of the transaction at this point.  Buyers have to bite the bullet and take a leap…Read More

  4. Be Aware: A New Real Estate Scam

    The real estate industry, and the consumers within, are often vulnerable to scams due to the nature of the complicated and costly transaction.  Over a decade ago, it was predatory mortgage terms that swindled home buyers.  More recently, it's been hacked wiring instructions that led to home buyers sending hundreds of thousands of dollars to a scammer's bank account.  And now, it's a handful of …Read More

  5. Inventory Inches Up, Prices Hold Firm

    The full effects of interest rates well into the high 6% and even low 7% range is starting to be felt across Northern Colorado as inventory is beginning to inch up.  While we were praying for additional inventory earlier in the year, so that buyers could have a bit more negotiating power, high interest rates have taken the wind out of buyer's sails.  There really is not a clear direction with th…Read More

  6. Inventory Up, Sales Drop, Prices Hold Steady in July

    We're finally starting to see the effects of the massive rate hike from late spring.  All the contracts from late May through June that closed in July are giving us a real indication of the market slowing down for the first time in about a decade.  But fear not, a slow down certainly doesn't mean a decline in prices, just a tempering of appreciation that was out of control.  Finally, buyers mig…Read More

  7. Still No Cooldown in Northern Colorado Real Estate

    One half of 2022 is in the books and it has been an adventure to say the least.  At the beginning of the year it seemed as if it would be "business as usual" - fast paced market, huge gains and intense competition for very few homes, but inflationary concerns have led to almost a 2% increase in rates which might help the market cool down a bit for the rest of the year, however, there is still no …Read More

  8. Adjustable Rate Mortgages Are Making a Comeback

    In a real estate market that is still full of surprises, one of the trends I've seen coming on lately is the return of adjustable rate mortgages (ARMs).  For nearly the last decade, ARMs fell out of style, simply because some were unsafe, unclear and sometimes unfair and predatory in the mid to late 2000's, one of the big reasons the mortgage market melted down.  Borrowers with unsafe ARMs and b…Read More

  9. Home Prices, Sales Still Strong Despite Interest Rates

    We are deep into the selling season, home values and sales are remaining strong across Northern Colorado despite a bump in interest rates.  Many of the closings in May represented contracts from the late March through April timeframe, before rates began to really increase, so June data will be much more telling.  Either way, sales and prices generally remained strong with limited inventory, and …Read More

  10. Home Prices Up 20%+ Across Northern Colorado

    It doesn't seem like rising interest rates, monkey pox or recession fears have slowed down the real estate market yet, if anything, these pressures are pushing buyers to act now by hustling to get their purchase under contract, beating out the hoards of buyers descending upon Northern Colorado. It'll take a well crafted offer, solid financing, and perfect timing to see a home, write an offer and b…Read More