In This Issue:
Winterize your Colorado home now
I know it might sound a bit silly to winterize your home in the fall to people who do not live in Colorado, but any resident knows that once Halloween hits, the possibility for snow and freezing temperatures are here to stay! Typically it is best to get all your winterizing done before the first snow comes and for the majority of mountain towns in Colorado that has already happened. Luckily for most people living in the Front Range we have at least a few more weeks of fall to get all of our preparation done. Winterizing in a general sense refers to anything you have to do in order to make your home ready for colder temperatures and potential precipitation of the months ahead...
Your Northern CO Holiday Guide
Get ready for jingling bells, nighttime carols, food, love and laughter, because the holidays are here! Before you knew it, 2013 is coming to an end.
If you’re like me, you’re already starting to plan how you can best enjoy in the holiday festivities. Luckily we live in this great state called Colorado, and there are SO MANY things to do & see around the holidays.
Here’s our list of some of the best events Northern Colorado has to offer for awesome holiday entertainment. Many of these festivals are free to the public...
Northern Colorado Economic Snapshot
Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | *YTD represents through the month of September
Economics seem to rule the roost these days. As such, there always appears to be some degree of drama attached to them. Economics are the core issue when it comes to mortgage interest rates fluctuating up and down, the stock market typifying a roller coaster or the government shutting down because the political parties can’t agree on what to do.
Buying and selling real estate is an economic decision. If a seller decides to sell their home, what is the economic impact to them? What are the economic options left if they do sell? For a buyer, deciding what to buy is based to a great degree on their economic situation. How much can they afford? What is the economic bearing on their financial state?
The 2013 Northern Colorado housing market has been a year characterized by economics. On average, home values have increased across the area in most price ranges. Mortgage interest rates have vacillated between 3.5% and 4.5%, still residing at near historic levels. Buyers have outnumbered sellers, with available resale inventory struggling to keep pace with demand and new home construction continuing to be a viable part of the overall Front Range and Northern Colorado housing market. The economic scene across the Northern Colorado area has shifted noticeably over the past nearly two years from the previous seven years, when bank foreclosures & short sales and depreciating property values were more the norm.
Look for the balance of 2013 and moving into 2014 to mirror what is happening now in the local housing market. Mortgage interest rates should reside in the 4%+ range, home sales and available inventory will normally trend down as fall turns to winter. Buyers and sellers have a tendency to hibernate as the temperature heads south and thoughts turn toward the pending holidays.