This beautiful open concept home at 1125 N 2nd St is on two lots features spacious bedrooms and bathrooms, separate study, rec room, flex space and lots of indoor and outdoor storage. Fenced-in backyard features mature landscape,enclosed gardening area, North facing deck, West facing covered patio, and basketball court. NO HOA! Call for your private showing at 970-652-1394 for more information or click the link below for more details.
This 2-bedroom, 2-bathroom home at 3434 Rosewood Ln is the perfect combination with easy highway access and a secluded location across the street from a wonderful neighborhood park! Spacious upper level loft can be easily converted into third bedroom/suite. Unfinished basement offers tons of potential. Call for your private showing at 970-652-1394 for more information or click the link below for more details.
Well maintained home on large private lot at 2164 Buena Vista Dr in the desired Cascade Park neighborhood. Walking distance from shopping, parks, and Centennial pool. This turn key home with upgrade potential features spacious bedrooms with hardwood ﬂoors, eat-in kitchen, updated dining room and bathrooms, fully fenced yard and mature landscaping. Brand new roof with transferable warranty and no HOA! Call for your private showing at 970-652-1394 for more information or click the link below for more details.
Because our Northern Colorado market has been so active over the last four years, clients often ask us if we think there is a housing bubble forming.
There are several key statistics which we track closely in order to answer that question.
Here is one fact that we find to be insightful…
One of the root causes of the last housing bubble was the glut of inventory, and specifically new home inventory. Quite simply, the market was being oversupplied with new homes. The rules of economics say when there is oversupply, prices must come down.
Today, there are far fewer new home starts compared to 2004 and 2005 when the last bubble was forming – despite there being a larger population.
According to our friends at Metrostudy who track the new home market, Northern Colorado has had 4,452 new home starts in the last 12 months.
That number is only 60% of what it was at the height of construction in early 2005.
It is also interesting to note that over the last 12 months there have been 4,473 new home closings which shows that demand is keeping up with supply.
So when you drive around Northern Colorado and notice all the new homes being built, know that construction activity is far less than what is was during the bubble and that demand is keeping up with supply.
In case you missed our annual real estate Forecast event, you can reach out to to see the presentation slides or receive a video recap of the information. Just email me at firstname.lastname@example.org
Two big things happened recently that made it easy to know what to blog about.
Last week, a 0.25% increase on interest rates was announced by the Federal Reserve. This week, both House and Senate have passed the tax reform bill, which President Donald Trump has announced he plans to sign before Christmas.
Kailee Harvey (our marketing mastermind here at Windermere FoCo) gave us the scoop on the interest rate increase in a short and sweet post last week. You should check it out. As for the tax reform legislation, the National Association of Realtors (NAR) has a lot more to say as this is an issue REALTORS® have worked extensively on. NAR’s president Elizabeth Mendenhall brings perspective on the initial proposal vs the passed bill:
“…although the final tax reform bill is far from perfect, it is significantly better for homeowners than previous versions. NAR members generated over 300,000 emails and telephone calls to members of Congress over two Calls for Action and held countless in-person meetings with legislators, all of which helped shape the final product.”
But what exactly does the improved and passed bill means to home owners/buyers? Here are a few positives:
On Capital gains exclusion: Though both House and Senate tried to make exclusion harder to qualify for, it remained the same ($250,000 for an individual and $500,000 for married couples).
On State and local tax deductions: Although with limitations, property taxes and state and local income taxes remain deductible. House and Senate tried to eliminate the deduction altogether.
On Mortgage interest deduction: The maximum mortgage amount for mortgage interest deduction has been decreased to $750,000 (from $1 million).
So there you go! Everything you wanted to know before the Holiday cheer! 😉
Stay tuned! I promise to mix in some super fun facts,
After having blogged through most of my 20s I put my old blog, Relicario, to rest. Here I am
in my 30s getting back to it. I debated on what to write and decided to keep ‘first things first’, so here you go:
Real estate transactions are a BIG deal. A great way to proceed confidently is to truly understand the process. Taking time to do that however isn’t always easy. For any single component you wish to understand there are hundreds (quite literally) of articles, posts, stats, blogs, pages, and the list goes on…
Your most reliable and trusted information source should be your realtor – not because we realtors know it all (wink), but because our job starts way before (and goes far beyond) the house hunt. Our job is to filter out the noise and to provide the knowledge you need, tailored to your investment, so that you sign everything with confidence.
The end results of this type of client-realtor relationship are real estate experiences that become “feel-good” stories. Here at Windermere we have quite a few of these stories to tell. Take a look: https://www.windermere.com/blogs/windermere/categories/yourstoryisourstory/posts
Now you know were to start.
Stay tuned and have an amazing week,