Real Estate on the Front Range

What will the real estate market look like in 2023?  There are differing opinions as to what will happen, some are optimistic while some predict hard times ahead.  In this forecast, I use data from national sources as well as an annual report put out by Leed’s School of Business at University of Colorado in Boulder. They do a thorough evaluation of our local and national economies to give us an idea of what opportunities and/or headwinds lie ahead.  I integrate this information with other sources of data to help us see how the housing market might look in the year ahead.

Here is the link to my blog post that has hyperlinks to the references I use in this forecast: https://activerain.com/droplet/Hjp6

There is a lot of hype out there about the housing market. But what is really going on and how does it impact you as a buyer or seller of real estate? I cover the latest data, give an update on mortgage interest rates and finish off with tips for how buyers and sellers can best position themselves to be successful in this market.

Here is the latest market update for Northern Colorado.  Wondering where mortgage interest rates are at?  Curious to see how the market is trending and how that might impact you?  I'll cover these items and am available to answer any questions you may have.

Want to see the video podcast on YouTube?  Here is a link: November 2022 Market Update

Regards,

Sean

You want to buy a home but you’re concerned about the current housing market and the economy overall. You don’t want to buy a home and have the housing market crash like in 2008. I totally understand these concerns and it’s always legitimate to consider what is best for you. In this episode I am going to highlight who can benefit in this housing market and give 3 reasons why now is a good time to buy a home.

With many headlines speaking to economic uncertainty due to inflation and a shifting housing market, among other indicators, what does that really mean and how does that impact you? In this episode, the September Market Update, I am covering the most recent data and will point out some basic strategies for buyers and sellers in this shifting market that we’re in. I’ll also cover some quotes from known experts on the subject of home values to give you an idea of what is happening in the market and what we can expect in the near future.

Questions?  Do you or someone you know need help taking advantage of this real estate market?  Call or text me at 970-313-6706.

Regards,

Sean

Are we in a housing recession? According to the National Association of Home Builders, the new construction industry is. I cover why they think so and how this impacts home buyers.

Also, with regard to our economy, is there a light at the end of the tunnel? Lawrence Yun, Chief Economist for NAR sheds light on where things may be headed with mortgage interest rates and inflation.

In this episode, I cover these recent news headlines and review the latest housing market data for Northern Colorado.

As the housing market has shifted, buyers and sellers need to shift as well.  Particularly their expectations and gameplan need to shift to be successful in this market.  In this episode I explain tips for home buyers and sellers that will help them be realistic while achieving their goals.    

As the market shift continues, what is the impact on buyers and sellers? What should they do in these changing market conditions? In this market update I’ll answer these questions and review the key metrics that demonstrate how the market is changing.

Check out my Google Business Profile for contact information.

Regards,

Sean

I hope everyone is doing well!  Here is the latest market update for Northern Colorado.

A housing market shift is happening. How do I know? Recent market data doesn’t clearly show it yet, as the numbers show that homes are still selling above list price and the average and median sales prices are up double-digit percent points from last year at this time. We are also in the summer season when many people take a break from their real estate goals, so that does factor in to some degree. However, there are other indicators that are starting to trend upward which are signaling a shift. First more listings are doing price reductions. In fact, there have been 72 in the last 2 weeks in my local market. Further, even builders are now doing price reductions on some of their inventory instead of the usual incremental price increases. Secondly, the days on market metric is increasing, meaning more homes are staying on the market longer before going under contract. This is in contrast to the trend earlier this year when homes would go under contract within the first weekend. Because homes aren’t selling as fast, inventory is increasing. Another indicator is that only the best, move-in-ready homes are getting multiple offers and selling over list price. Even with that, they are only getting 2 or 3 offers instead of 10 or more. This is an indication that buyer demand, while still strong, is waning. In this episode I’ll explore what is causing this shift and what strategies buyers and sellers can employ to be successful in this changing market.

Check out my Google Business Profile for location and contact information.

Regards,

Sean