1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. Home Prices Continue Up into Spring

    Finally, finally, finally - there are some more homes on the market.  A small uptick between February and into March is adding to the momentum of the housing market this spring, however, the uptick is just that - very, very small, so homebuyers aren't feeling much relief, if anything.  And along with that distressing feeling, buyers are now having to adjust budgets and expectations as interest r…Read More

  7. Being Prepared Pays Off Big – A Case Study

    Because of the competition in the market, I am seeing both homebuyers and home sellers jump in pretty unprepared, thinking that they have everything covered.  In my experience, not being adequately prepared for a market in which you need to make quick decisions, can really put you behind.  It can cause heartache, frustration and missed opportunities.  On the flip side, the clients of mine who t…Read More

  8. Home Values Are Already Stunning in 2022

    For buyers who expected (wished, hoped, or prayed) for any homes to purchase early in 2022, their expectations are not being met.  Another month of bottom-of-the-barrel inventory is pushing home values across the region to new heights.  Fort Collins is scraping the $600k mark, while Loveland/Berthoud is sitting pretty in the mid $500's and Greeley/Evans is now in the mid $400's.  As we work int…Read More

  9. 2022 Is Off to an Impressive Start

    For weary buyers, seeing 2021 come to an end might have brought some hope - hope that more inventory would come on the market, hope that deep pocketed buyers from affluent areas would not compete during the winter, or just that prices would stop escalating at 10-20% in some neighborhoods.  Sorry to be the bearer of bad news, but none of those wishes will come true for homebuyers in 2022.  Invent…Read More

  10. Prices Pop Across Northern Colorado

    As we near the end of the year when the market starts to relax a bit, sales and median home values must not have gotten the memo.  All 3 sub-markets I cover saw massive increases in median value due to extremely low inventory, low interest rates boosting demand, and a constant flow of eager buyers, willing to do whatever it takes to get into a home this year.  It's truly astonishing how few home…Read More