Zero Correlation

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.

7037389_1576607038yQiWINRE_Logo_2020Forecast_201912.jpg

 


Posted on January 15, 2020 at 5:46 pm
Maria Dellota | Posted in Fun Facts, Housing Trends, Windermere Real Estate | Tagged , , ,

You Don’t Have to Wait to Start

 

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.


Posted on December 17, 2019 at 9:00 am
Maria Dellota | Posted in Colorado, Northern Colorado Real Estate, Personal | Tagged , , , ,

Thanksgiving – How to Cultivate Gratitude in Every Season

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


Posted on November 27, 2019 at 10:00 am
Maria Dellota | Posted in Blog, Colorado, Personal | Tagged , , , , , , , ,

Two Tales – NoCo Style

 

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’s new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County’s new home starts are up 18% and new home closings are up 8% compared to last year.

This is all according to the new home research experts and Metrostudy.

So why the difference?  It comes down to price and availability.

There is more land available for new home development in Weld County.

Plus, the land tends to be less-expensive than Larimer which means that builders can deliver a lower-priced product and reach a larger pool of buyers.

The average price of a new home in Larimer County is $507,105 while the average new home price in Weld is $411,269.


Posted on November 21, 2019 at 8:36 pm
Maria Dellota | Posted in Uncategorized |

Great Two-Story Home in Windsor!

Friendly, quiet Windsor neighborhood. 1115 Nantucket Street in Windsor is a great opportunity for first time home buyers or investors. Enjoy the large, fully fenced backyard from the upper deck or from the walk out basement. All appliances stay and 1-year home warranty is included. Call for your private showing at (970) 215-1013 for more information or click the link below for more details.

http://windermerenoco.com/listing/98568544


Posted on August 5, 2019 at 8:49 pm
Maria Dellota | Posted in Virtual Tour, Windsor Real Estate | Tagged , , , , , , , , , , ,

Main Floor Living Condo!

2120 Owens Ave #102 offers front range views from the patio and an open floor plan inside. Across the street from Bacon Elementary school and a great location in southeast Fort Collins. Come check out this great investment opportunity or a place to call home. Call for your private showing at (970) 215-1013 for more information or click the link below for more details.

http://windermerenoco.com/listing/96269872


Posted on June 6, 2019 at 8:27 pm
Maria Dellota | Posted in Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , ,

More New Homes Available and Selling Quickly

New Home News!

 

 

Nationally, sales of new homes are stronger than they have been in a long time. March was the best month since 2007 and April was the third-best month in that same time period.

 

This research comes from the National Association of Home Builders who show that we are on pace to sell 673,000 new homes this year across the Country.  5 years ago there were roughly 450,000 sales of new homes.

 

For the first four months of 2019, new home sales are 6.7% ahead of the sales pace of the initial four months of 2018.

 

What is interesting is that those gains have distinct regional clustering. Year-to-date sales are up 10.3% in the South, 6.7% in the West (concentrated in the Mountain states), and 1.3% in the Midwest, while recording a 17.6% decline in the Northeast.

 

Posted on May 31, 2019 at 10:24 am
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , ,

Posted on June 3, 2019 at 6:14 pm
Maria Dellota | Posted in Uncategorized |

2019 Forecast Recap

 


Posted on February 8, 2019 at 7:25 pm
Maria Dellota | Posted in Uncategorized |

Market Strong

5 Reasons Rising Interest Rates Won’t Wreck the Housing Market

Interest rates have been trending higher since the fall of 2017, and I fully expect they will continue in that direction – albeit relatively slowly – as we move through the balance of the year and into 2019. So what does this mean for the US housing market?

It might come as a surprise to learn that I really don’t think rising interest rates will have a major impact on the housing market. Here is my reasoning:

1. First Time Home Buyers 

As interest rates rise, I expect more buyers to get off the fence and into the market; specifically, first time buyers who, according to Freddie Mac, made up nearly half of new mortgages in the first quarter of this year. First-time buyers are critical to the overall health of the housing market because of the subsequent chain reaction of sales that result so this is actually a positive outcome of rising rates.

2. Easing Credit Standards

Rising interest rates may actually push some lenders to modestly ease credit standards. I know this statement will cause some people to think that easing credit will immediately send us back to the days of sub-prime lending and housing bubbles, but I don’t see this happening. Even a very modest easing of credit will allow for more than one million new home buyers to qualify for a mortgage.

3. Low Unemployment 

We stand today in a country with very low unemployment (currently 4.0% and likely to get close to 3.5% by year’s end). Low unemployment rates encourage employers to raise wages to keep existing talent, as well as to recruit new talent. Wage growth can, to a degree, offset increasing interest rates because, as wages rise, buyers can afford higher mortgage payments.

4. Supply

There is a clear relationship between housing supply, home prices, and interest rates. We’re already seeing a shift in inventory levels with more homes coming on the market, and I fully expect this trend to continue for the foreseeable future. This increase in supply is, in part, a result of homeowners looking to cash in on their home’s appreciation before interest rates rise too far. This, on its own, will help ease the growth of home prices and offset rising interest rates. Furthermore, if we start to see more new construction activity at the lower end of the market, this too will help.

National versus Local

Up until this point, I’ve looked at how rising interest rates might impact the housing market on a national level, but as we all know, real estate is local, and different markets react to shifts in different ways. For example, rising interest rates will be felt more in expensive housing markets, such as San Francisco, New York, Los Angeles, and Orange County, but I expect to see less impact in areas like Cleveland, Philadelphia, Pittsburg, and Detroit, where buyers spend a lower percentage of their incomes on housing. The exception to this would be if interest rates continue to rise for a prolonged period; in that case, we might see demand start to taper off, especially in the less expensive housing markets where buyers are more price sensitive.

For more than seven years, home buyers and real estate professionals alike have grown very accustomed to historically low interest rates. We always knew the time would come when they would begin to rise again, but that doesn’t mean the outlook for housing is doom and gloom. On the contrary, I believe rising interest rates will help bring us closer to a more balanced real estate market, something that is sorely needed in many markets across the country.

Posted on September 21, 2018 at 7:26 am
Fort Collins | Posted in Economy | Tagged 

Posted on September 21, 2018 at 3:03 pm
Maria Dellota | Posted in Uncategorized |

Stunning 2 Story Home with Sun-room in Fort Collins!

The southern exposure sun room is just one of the highlights of this 2 story home at 707 McGraw Dr in the Coventry subdivision. Walking distance to McGraw Elementary School Front Range Community College. Lots of room to spread out – 4 bedrooms & a large loft upstairs. Nonconforming 5th bedroom on the main level. Master suite features radiant floor heating in the 5-piece bath, large walk-in closet & fireplace. Great landscaping with HOA maintained greenspace to the east which makes property look even bigger. Contact me for your private showing at 970-215-1013 or click the link below for more details.

http://housetohomemd.com/listing/78133744


Posted on April 20, 2018 at 7:24 pm
Maria Dellota | Posted in Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , ,