As defendants in the bombshell class action commission lawsuits continue to agree to settlements, the real estate industry is poised to be changed forever. Most agents will not survive the fallout, but for those that are willing to accept the challenges that await, the best years are still ahead.
Read MoreHousing market activity remains stagnant, with transaction volume barely above the levels of March 2020, a period in time where nearly the whole of the country was being forcibly quarantined.
Read MoreHousing market activity in Weld County has slowed to an excruciating pace, all while U.S. home values continue to slide. This begs the question, “Where do we go from here?”
Read MoreMedian Sales Prices recovered slightly in February, but mortgage applications dropped to new lows. Meanwhile, strong economic data continues to hamper the Fed’s inflation fight, with some Fed researchers now warning that a steep decline in home values may be on the horizon if the Fed is forced to increase rates further.
Read MoreJanuary brought a striking return to normalcy in many regards, with the market behaving similar to many other pre-pandemic January markets. Despite this fact, several leading indicators continue to flash strong caution signals, indicating that there remains considerable uncertainty ahead.
Read MoreBuyers and Sellers would be wise to ensure they are hiring an agent that is competent, well-trained and ethical because he truth is, while there are millions of agents out there, not all of them have the same level of experience or track record of success.
Read MoreThe coming year will present it’s own unique challenges for anyone looking to buy or sell a home, but for those who understand the forces at play, hire a highly competent real estate agent and are willing to be patient in their quest, 2023 could turn out to be the best year to buy or sell a home yet.
Read MoreAt both the local and national level, December 2022 saw what can only be described as a near total collapse of housing market activity to levels not seen since the depths of the 2008 Housing Crash and in some instances, to levels never seen before at any point in time.
Read MoreThe performance of the Weld County market in November ushered in a number of important confirmations that, as I predicted as early as last July, the housing boom has indeed become the housing bubble.
Read MoreThe release of the October 2022 CPI numbers today has led to some interesting developments. Mortgage rates have dipped enough today that it might be time to restart your home search.
Read MoreThe real story this month can be summed up with a look at interest rates and median sale prices. With mortgage rates now more than double what they were a year ago and many regions of Northern Colorado posting double-digit declines in median sales prices from the peaks achieved just a few months ago, it’s clear that the housing correction continues to accelerate.
Read MoreRising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin. In spite of it all, a generational opportunity to build wealth may be just around the corner for those who have prepared.
Read MoreThe lag time between Fed Fund Rate increases and Mortgage Interest Rates means that the two-decade-high mortgage rates we are seeing today may only be the beginning, with some economists now projecting double-digit rates by early 2023.
Read MoreIn spite of the current market, there’s still great opportunities for Buyers looking to buy a new construction home, but only if you know what to ask for. You’d be surprised what kind of deals are out there right now.
Read MoreIn every industry there are several reliable leading indicators. While anecdotal on their own, taken in sum the trends brought to light by these leading indicators have shown to be historically reliable in predicting what might happen next.
Read MoreIn the past few days, nearly every major player in the real estate industry has revised their housing forecasts down, with some economists now calling for declines of up to 30% in some housing markets. What is going on here and why has there been a flood of revisions to these forecasts?
Read MoreSeptember marked the fourth consecutive MoM decline in home values for Weld County. With rising inventories and slumping home sales, pressurized affordability might finally be catching up with the Northern Colorado market.
Read MoreGiven the continued trend we are seeing in Weld County of increasing inventory and cratering closed sales, it’s becoming increasingly clear that the struggle to avoid a retraction in prices may be in vain.
Read MoreHistorically speaking, home prices usually only fall significantly once supply gets high enough that Sellers are forced to finally cave. But in this housing cycle, we are seeing neither a supply glut nor a flood of distressed properties and yet, we are beginning to see home prices slide.
Read MoreEveryone needs to be keenly aware that the Fed will not think twice at this point about the notion of throwing the housing market to the lions if they think it might help bring inflation under control.
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