The difference between a realtor and a broker is very minimal. The education level increases when a person goes from associate broker, to managing broker, to principal broker. But each of these levels of brokers can also be realtors. A realtor, aka real estate agent, is someone who is a… read more →
Understanding Basics As a landlord it is important to understand what you can and can not do when renting your home in Fort Collins. There are bare minimums you need to meet to rent your home. Fair Housing and Housing Discrimination statues prohibit landlords from discriminated on basis of race,… read more →
Low inventory and high prices have been the story across Northern Colorado as we draw towards the end of the year. The winter months are traditionally slower in real estate but this year it is not the case. Earlier in the year quarantine and uncertainty about COVID 19 slowed the… read more →
The Federal Reserve has increased the new loan limits for FHA and VA loans across the country. The FHA limit is determined on a county to county basis. In most parts of the country the loan limit is based off 65% of conforming loan limits. For example, if the conforming… read more →
Students from Colorado State University are a large driving force for historically low vacancy rates in Fort Collins. Fort Collins, especially near CSU, has had vacancy rates under 5% for decades. While Fort Collins remains under 5% vacancy, the number has started to slide. The two factors that we need… read more →
July was an active month when it came to real estate. Fort Collins came out of the Stay at Home order and this allowed the market to start moving again. Buyers were quick to purchase homes and multiple offers on well-priced homes were common. The amount of inventory on the… read more →
Pending home sales in March saw expected declines as a result of the corona virus outbreak. Each of the four major U.S. regions saw drops in month over month contract activity and year over year pending home sales transactions. Chief Economist Lawrence Yun Weighs In on Housing Market Health During… read more →
COVID-19 is affecting the real estate market but sales are continuing. As stay at home orders keep more Americans physically distant, the real estate industry is rushing to find ways to show properties for those wanting to pursue a home purchase. Virtual Tools The use of online virtual tours has… read more →
Yes! It is possible to buy a home right now and you need to talk to your agent because they will know local market conditions the best and advise you how to proceed. Some states have restrictions in place that might inhibit the buyer or seller’s ability to close. Because… read more →
2020 National Housing Forecast Overview 1. Home price appreciation will flatten. Appreciation is forecasted at an increase of 0.8 percent. By comparison, home growth in Fort Collins is estimated to be 5.5 percent. 2. Inventory will remain constrained, especially at entry level prices 3. Mortgage rates are likely to bump… read more →