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. 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

  4. 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

  5. On The Fence About Buying a Home?

    There are a lot of potential homebuyers out there, whether they are current homeowners or renters, weighing the decision to buy a new home now, or not.  I have personally been dealing with dozens of buyers over the last decade who have been on the fence, waiting for a housing collapse, and I've seen the missed opportunities.  While the majority of these buyers have "seen the light" once they fur…Read More

  6. 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

  7. Consider These 5 Clauses When Writing Your Best Offer

    It's hard out there for buyers in the Northern Colorado real estate market.  Dwindling supply and ever increasing competition from other buyers, cash buyers and investors have driven prices up, up, up.  When competition is fierce, we have some tools in our toolbox to help you compete.  It's all about removing contingencies and providing comfort to the seller, as long as it doesn't leave you fur…Read More

  8. 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

  9. Home Prices Trend Upward at Full Steam

    Can you believe it?  Another month with nearly 20% year over year increases across the board for home values in Northern Colorado.  It's hard not to sound like a broken record with my monthly updates: low inventory, high buyer demand, waived contingencies, above list price offers - it goes on and on.  Although we did see a slight uptick in the amount of homes for sale in June and July, it looks…Read More

  10. Want A Higher Net Worth? Buy a Home

    It's no secret that homeownership has its perks - stability, security, personalization and much more.  By far the biggest perk of homeownership is the combination of both forced savings (by paying down your mortgage loan) and appreciation of home values.  This one-two punch helps homeowners grow their net worth much faster and larger than renters.  Net worth is defined as all your assets (real …Read More