Our Chief Economist made a video for all of our clients where he shares his perspective on COVID-19’s impact on housing. You can watch it by clicking the image below:
Here it is – the opportunity to own a great home in the Buffalo Creek subdivision at 3155 Thundering Herd Way in Wellington for under $315K. Walking distance to the Wellington Community Park and the new schools that are being built in Wellington. First American Home Warranty included. Check out the fresh interior paint on main and upper levels as well as the new carpeting. The private back yard is fully fenced and has foothill views. Quick access to I-25 from this gem. Call for your private showing at (970) 215-1013 for more information or click the link below for more details.
Here’s some interesting research on affordability…
Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country.
Their method is to count the number of homes in a market that could be purchased with that particular market’s median income.
For example, San Francisco is the least-affordable market where only 8.4% of the homes could be purchased with their median income.
The most-affordable is Monroe, Michigan where 95.3% of the homes could be purchased with their median income.
Guess where all of the 10 least-affordable markets are. California!
Guess where almost all of the 10 most-affordable markets are. The rust belt (cities in Michigan, Ohio, upstate New York, etc.)
The U.S. average is 63.6%.
Metro Denver comes in at 55.3% and Northern Colorado at 54.5%.
So, roughly half of the homes in our market could be purchased with our local median income.
Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020.
He doesn’t see rates going above 4.0% until at least the first quarter of 2021.
This is obviously great news for buyers as their payments will stay much lower as compared to having a rate at the long-term average of 7.5%.
If you would like to see the slides from Matthew Gardner’s Forecast presentation, we would be happy to get those in your hands. Just let us know if we can help!
Here’s your chance to own a home in central Fort Collins! 2719 Trenton Way in Fort Collins is freshly painted, with a large enclosed yard and no HOA. First American Home Warranty included. Come take a look. Call for your private showing at (970) 215-1013 for more information or click the link below for more details.
With a backdrop of blue skies and rolling foothills, Northern Colorado provides many opportunities to embrace a healthy lifestyle. Locals invite you to explore the many natural areas, healthy restaurants, and community gatherings to fuel your body and inspire your spirit.
Yes, the weather may be colder and the days shorter this in these months, but here in Colorado, passionate people take advantage of the three hundred days of sunshine the state gets per year. On any winter day, you’ll see enthusiastic folks bundled up as they run, bike, and walk along the extensive trail systems and beautiful parks Northern Colorado has to offer.
Here’s a sample of three favorite places to bundle up and explore while colder temperatures still linger.
- Spend a Morning at Lory State Park
Full of wonderful trails and rolling hills, you can start the day at this State park just ten minutes from the north side of the city. You’ll spend just eight dollars for an entry fee and can meander along well-designed trails and enjoy beautiful views of Horsetooth Reservoir. Mountain bikers can enjoy the trails and this is a perfect place to try your new Fat Bike designed specifically for biking in snow.
2. Have a healthy brunch
After burning some calories, come back into town to enjoy brunch at one of the many healthy restaurants in Old Town. Tasty Harmony offers vegan and vegetarian faire, and Snooze Eatery, while known for decadent pancakes, also has a delightful “Like a Feather” menu for those conscious of the fuel you put in your body. Step into the Silver Grill Cafe and experience a favorite that has been around since 1933. Their menu, full of diner-style classics, has a range of options for the whole family.
3. Pick up some produce at the Winter Farmers’ Market
Fort Collins is proud to host a multitude of locally grown food options all year round. Stop by The Winter Farmers’ Market, located in the Opera Galleria in Downtown Fort Collins and visit vendors slinging fresh produce, grass fed beef and poultry, homemade sauces, spices, and goodies. The beautiful collection of fresh foods will tide you over until the city hosts four rotating farmers’ markets in the warmer months. This event is held once a month and is free to the public to attend.
Living in Colorado is full of opportunities to delight the body, mind and spirit. It is a great place to call home – and a wonderful place to own a home. If you’re ready to explore opportunities for making your move, let’s connect.
Not true! Especially on the Front Range of Colorado.
Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro Denver and Colorado.
In Metro Denver, 50% of all buyers last year were in the Millennial demographic.
In Northern Colorado, the number is 41%.
It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.
It’s an election year which means that our clients are asking us if election years impact real estate.
According to research done by Real Trends there is zero correlation between election years and the number of transactions in the market compared to non-election years.
They found that sales were down in 1980, 1988, and 2008 compared to prior years, and sales were up in 1992, 1996, 2000, 2004, 2012, and 2016.
To hear more about what will happen this year in real estate and the factors that really do impact our market, be sure to get registered for our annual Market Forecast event next week.
It’s time to register for our annual Market Forecast event. We will be live at 5:30 on January 16th at the Fort Collins Marriott. Back by popular demand is our Chief Economist Matthew Gardner. Call me for reservations.
Stress often squishes us in December. We put off goal setting and dreaming of what could be in the new year, because what is feels overwhelming. We tell ourselves we’ll get to that after Christmas or after New Years. We’ll work on what we want to achieve later, when things slow down.
What if our response to the demands of the season could be different this year? What if you don’t have to wait to start?
There’s an author I love who challenges readers to change their attitudes to change the world. His passion for relationship, connection, and hope inspires me to live differently.
Bob Goff writes,
“Living a life fully engaged and full of whimsy and the kind of things that love does is something most people plan to do, but along the way they just kind of forget. Their dreams become one of those “we’ll go there next time” deferrals. The sad thing is, for many there is no “next time” because passing on the chance to cross over is an overall attitude toward life rather than a single decision.”
– Love Does: Discover a Secretly Incredible Life in an Ordinary World
Goff’s words encourage us to plan and more importantly to act. We don’t have to wait until January 1st to start to change our attitudes or tackle our dreams.
Here are three areas you don’t have to wait to start.
Start Focusing on Gratitude
Jot down five things you are thankful for in this moment. This practice grounds us in the present and changes your outlook. When we focus on what we have been given it empowers us to approach where we want to go with an open heart.
Start Measuring Your Micro-successes
Many of us have goals requiring time and attention. Rather than focus on the big finish, chart out small victories to note that you are on your way. Celebrate each time you act on your intention. Whatever your goal (goal=dream with a timeline), spend time breaking down the big accomplishments into measurable, smaller steps. Repeat as often as you can to make note of progress you are making.
As Greg Reid says, “A dream written down with a date becomes a goal. A goal broken down into steps becomes a plan. A plan backed by action makes your dreams come true.”
Start Giving Back to Others
Giving your time, talents, and resources to others helps us live more fully. Gestures don’t have to be grand to make a big impact. Find a cause to donate to or shovel your neighbors walk. Investing in things you care about helps make the world a better place.
You don’t have to wait for January to appreciate the fullness life offers. You can start now. Let me know what you are going to start doing.
Make your list, check it twice and simply GET STARTED.
Wishing you joy and a Merry Christmas.
Here are three easy steps you can follow to cultivate a spirit of gratitude you can rely on any time of the year:
1. Commit To The Search
Choose to shift your perspective and commit to looking for the good things already around you. Acknowledging the multitude of things to be thankful for is a way to walk through the world. Great power exists when we choose to focus on the positive.
Write down your commitment and put these words in a special place.
“I choose an attitude of gratitude especially in this season. I believe the time is always right to be thankful for what I have been given.”
2. Start To Notice
As you move through your day, keep a list of things that delight you, bring you joy, or add comfort to a schedule full of demands. Type in your phone or put pen to paper and watch the list grow. You can start small. Maybe you’re thankful for the smell of clean clothes in your closet or a full tank of gas in your car. Consider adding a “why” you are thankful as well. Explore the emotions and ideas that come up when you notice the ordinary things enhancing your life.
3. Share Your List with Others!
Find time to revisit your list on a regular basis. Make note of the people, places, and items that bring you joy and take a moment to share your thanks with others. Ask others to share their lists or things they are thankful for with you. Inspire others to change their perspectives and smile when you notice your heart being filled.
This year, I am thankful for the opportunity to build relationships. Let me know how your search is going! I can’t wait to hear what’s on your list.
Share the JOY
Believe the GOOD