Real Estate on the Front Range

We are getting into the Fall market with many variables impacting how the market is trending.  On the positive side, we have lower mortgage interest rates, about 6.15% for a 30-year fixed rate mortgage right now.  We also have the ongoing issue of affordability that impacts a lot of would-be home buyers.  In this update, I take a look at the data and discuss the impact that these and other variabl...

In this tutorial, I review the Exclusive Right to Sell Listing Contract. This is the updated version as of August 2024 reflecting changes related to the NAR Settlement. This is the contract that makes me exclusively your listing agent should you choose to use me to sell your home. I make this and other videos as a reference tool for you to learn about the different forms used when buying or sellin...

Here is the new form that all home buyers are going to have to be acquainted with. The Compensation Agreement stipulates what a real estate broker in Colorado is going to charge for their services to you. Please note, this form does not obligate you to work with the real estate broker, it is merely a disclosure so that you are aware of the potential charges if you move forward with this agent. The...

The Spring market continues on, though restrained by those higher mortgage interest rates.  Price appreciation continues to elevate only slightly.  I’m seeing some local markets have price reductions while homes at the lower end of the market are getting multiple offers.  The balance of sales shows price appreciation in our overall market.    If you or someone you know is thinking if now is the ri...

We are into our Spring market in the real estate world.  In this episode I cover the most recent data in a year-over-year and month-over-month format so you can see how the market is trending.  We do have some headwinds as we get into our Spring market, including higher interest rates and higher home values.  Despite the impact this is having on affordability, the market is remaining stable.  This...

Spring is upon us and the market is starting to pick up some steam.  This episode is short and sweet and gets right to the data.  I highlight which part of our market is showing more signs of activity than the others.  I also review where mortgage rates are at…back below 7% again.   Questions or need help getting ready to buy or sell?  Get in touch for free consultation so that you are ready for y...

The Spring market is upon us now that the Superbowl is over.  But how has the market been trending through the winter months?  Are we seeing significant changes?  I review the Year-over-Year and Month-over-Month data to help you see how the market is responding in light of the current state of our economy. I also give insights into whether or not you should buy or sell a home in our current market...

In this first market update for 2024, I highlight the most recent housing market data for Northern Colorado and show how the Spring market will likely take shape.

What does 2024 hold for the real estate market in Northern Colorado? Is 2024 a good year to buy or sell a home? I review the data from 2023 for the housing market, mortgage interest rates as well as the Colorado economy to show what likely lies ahead so that you can make the best decision moving forward.

The market has been fairly stable overall with small changes but nothing like the escalated market we had in recent years.  With higher interest rates and the resultant decrease in demand, there has been downward pressure on home prices.  However, just in the last two days things have changed, at least in regard to interest rates.  They dropped to the low 7s and as of 12/14, they are at 6.82% and...

Now that we have some data going into the Fall market, what are we seeing? There is some variation across the Front Range but overall the market is stable. In this episode I cover the market data for Boulder, Larimer and Weld Counties. I also highlight the average sales price of homes in different communities along the Front Range to show you what you get for your money. I cover interest rates, of...

In this episode I cover the most recent data for Northern Colorado, mortgage interest rates and the average sales price for major communities along the Front Range.

Mortgage interest rates are at their highest in 20 years. Are there any options for those who want to buy a home in the near future? I cover 3 options that will equip you to make the best decision moving forward.

Is the real estate market going to crash or is it stabilizing? In September's market update, I highlight the local data to help us interpret what is happening in our market. I also discuss the inflation rate and current mortgage interest rates.

In this episode of How to Buy a Home, I will explain important concepts related to Earnest Money. In most real estate transactions, earnest money will be required by the Seller from the Buyer as part of the real estate contract. I'm going to answer several questions related to earnest money that most people ask me when buying a home. * What is earnest money? * Where does it go during a transac...

The housing market seems to continue to be in the doldrums. Inventory is lower than usual, yet homes are staying on the market longer. What is behind this unique housing market we're in? Mortgage interest rates. In this episode I'll explore where rates are likely headed, what the foreclosure rate is and housing affordability.    Would you buy or sell a home in these market conditions? Why...

In this episode of How to Buy a Home, I explain the financing side of a real estate transaction. I discuss how to find a lender and what is involved when I am working with a lender in helping you buy a home.

Many variables are impacting our housing market. Overall, compared to last year, the housing market in Northern Colorado is stabilizing. No major changes in one direction or another. I think many buyers and sellers are holding off due to higher interest rates and some uncertainty with regards to the economy. There are buyers and sellers out there moving forward but it seems more people are in a wa...

While there has been a drastic change from last year at this time, we are seeing a milder trend developing in our most recent market. I cover the changes year over year and month over month so that you can see how the market is trending. Want to know what is happening to the inflation rate? I cover this and how it impacts mortgage interest rates. I also address foreclosures, something that may be...

The market in Northern Colorado is stabilizing and seems to be in a holding pattern.  With the anticipation of a potential recession and the impact of inflation, many would be sellers are holding off.  While the inflation rate continues to trend downward, it’s not enough to boost consumer confidence.  In this episode, I review the latest data and highlight mortgage interest rates, inflation data a...

April 2023 Market Update is here. See the recent stats as I compare year-over-year data with month-over-month data so you can see how the trend is changing. I highlight where mortgage interest rates are at and forecast which direction they will likely move in the latter half of the year.

We are a couple of months into 2023 and now we can start to see some potential changes in the market. In this episode, I review the local market data as well as point out the inflation rate and recent changes in mortgage interest rates, with a forecast of what we can expect later this year. Here is a link to my recent blog post, Mortgage Rates-Where Are They Headed , that takes a closer look at wh...

As we get into 2023 and after reviewing market forecasts, many are wondering what the real estate market will actually do. In this episode I highlight what is happening in the market by the numbers as well as what is happening out on the street. I also cover the market shift from last Spring until now, using charts that will help you to see how rising mortgage interest rates are impacting the real...

Here is the latest market update for Northern Colorado.  I discuss how the market is trending and highlight how mortgage interest rates are the lowest in 4 months! Sean Gilliam is a real estate agent with LoKation Real Estate in Northern Colorado . Sean can be reached at sgilliam@mylokation.com or by phone at 970-313-6706. For additional content see Sean’s Youtube channel or to search for pro...

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 giv...