Buying

Buying Enormous Equity Hot off the press is the Core Logic Homeowner Equity Report.  This is their quarterly look at what is happening with homeowners’ equity across the country. Here are the staggering numbers coming out of their research: Collectively, U.S. homeowners with mortgages have realized a $1.5 Trillion gain in equity over the last 12 months. Only […]
Buying Bubble Talk A hot topic of conversation these days is the prospect of another real estate bubble.  People wonder if prices can continue at their current pace and some fear a repeat of 2008.   Because we get asked about this topic so often from our clients, we thought it would make sense to ask our in-house […]
Buying Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This question seems to crop up when prices go up. While we do not believe that the current double-digit price […]
Buying Million Plussing The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes. Closings of million-plus single family homes are up significantly along the Front Range. When compared to this same time last year, sales of properties in this […]
Buying The Remote Worker’s Home Buying Process Image Source: Getty Images The pandemic’s influences on home life are far-ranging, prompting buyers to look at homeownership through a new lens. Remote work has created a paradigm shift in the wants and needs of homebuyers. Here’s what the remote worker should keep in mind when looking to buy. Location The location, location, location cliché has […]
Buying Buying with Your Pets in Mind! Image source: Canva For many of us, pets play a central role in our home life, so taking into account what is best for them when buying a home is important for both their happiness and that of your entire household. Your neighborhood When looking for homes that are well suited to both you and […]
Buying At Least List Periodically we track a stat which we find to be quite interesting.   It answers this question – how many properties are selling for at least list price (asking price or higher)?   This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
Buying Questions to Ask During Your Virtual Home Tour Thanks to COVID-19, the new reality is that many open houses and home tours are being conducted virtually. For prospective home buyers, this new territory brings an added element to prepare for in the home buying process. Some of the questions that should be asked in a virtual home tour parallel those of in-person tours, […]
Don't Miss Our Next Post
Subscribe Now
Buying Faster Here’s something true about today’s market.  Properties are selling fast. Compared to one year ago, the number of days it takes for a property to sell is significantly lower. The industry term is “Days on Market” or DOM. DOM is way down. Here is the comparison of May 2020 versus May 2019: Metro Denver down 22% […]
Buying On Sale Money is on sale (again). 30-year mortgage rates now sit at 3.3%. This is less than half of the long-term, 40-year average. This is also almost a full percentage point lower than they were one year ago (which was still very low). Let’s put this in real numbers. A $300,000 loan at today’s rates has […]
Buying Prices Still Up Prices Still Up It seems that COVID-19 did not cause prices to decrease and certainly didn’t cause them to crash. Average prices are up compared to last year: ·         2.8% in Larimer County ·         5.4% in Weld County ·         3.3% in Metro Denver Low supply, sustained demand, and incredibly low interest rates are all fueling the […]
Buying Matthew Gardner Weekly COVID-19 Housing & Economic Update: 5/11/2020 Job growth is critical to the health of the housing market, so on this week’s episode of “Mondays with Matthew,”  Windermere Chief Economist Matthew Gardner analyzes the effect of COVID-19 on employment and what we can expect for the duration of the year.
Buying Pent Up Demand We notice a very interesting dynamic in the market right now. There was clearly a pent-up real estate demand created during the recent time when in-person showings were not allowed.  The numbers back it up. First, a little background.  During a portion of “Shelter in Place,” all in-person viewing of properties ceased.  Instead, buyers spent […]
Buying Headwind vs. Tailwind So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns. Buyers are still active.  Properties are still closing.  Moving trucks are still showing up at people’s homes. Open house traffic has declined, but we notice plenty of buyers looking for property.  (one of our open houses last weekend had […]
Buying What Makes A Home “Modern”? Sleek, sustainable design, open concept floor plans, minimalism, and eco-conscious thinking are defining characteristics of modern architecture. Recently, modern design concepts in home building have become more popular, and the resurgence of interest in modern real estate has followed suit.     These characteristics are what define Contemporary Architecture:    Clean geometric lines: At the heart of modernist values lies the simplification of form. Modernist homes have a very ‘linear’ feel with […]
Buying Coronavirus Protections for Home Buyers   As the situation develops with the COVID-19 pandemic, Windermere Real Estate is dedicated to taking steps to reduce the spread of the virus while continuing to work with home buyers. To help with this process, here are some ways you as a home buyer can keep yourself and others safe during the buying process. […]
Buying Bubble Burst Every so often we will hear a concern that another housing bubble is forming. To help answer that question it’s valuable to look at the reasons that caused the last one. There were three main drivers of the bubble that burst in 2008: Easy Credit – loans were very easy to attain Over-Leverage – people […]
Buying How to Handle a Home Inspection For many people, a home inspection is a hurdle that every homeowner must overcome during the process of selling a home, but it’s a useful tool for sellers looking to get the greatest possible value from their home.   Finding Issues When you’re selling a house, a pre-sale inspection can be particularly useful. By uncovering […]
Buying Finding Your New Home in Four Steps Whether you’re a first-time homebuyer or you currently own and are looking for a new home, the ideas below will help you better navigate that all-important first step: Finding a property that is both appealing and affordable.   The search for a new home always starts out with a lot of excitement. But if you […]
Buying Rate Forecast Here is our interest rate Forecast for the next year. 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 […]