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 s…

We are into our Spring market in the real estateworld. In this episode I cover the mostrecent data in a year-over-year and month-over-month format so you can see howthe market is trending. We do have someheadwinds as we get into our Spring market, including higher interest rates andhigher home values. Despite the impactthis is having on affordabili…

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 f…

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 …

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 aswell 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 changesbut 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 …

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 …

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 earne…

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 …

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 m…

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…

The market in Northern Colorado is stabilizing and seems tobe in a holding pattern. With theanticipation of a potential recession and the impact of inflation, many wouldbe sellers are holding off. While theinflation rate continues to trend downward, it’s not enough to boost consumerconfidence. In this episode, I reviewthe latest data and highlight …

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-Wher…

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 ris…

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 …

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 o…

There is a lot of hype out there about the housing market. But what is really going on and how does it impact you as a buyer or seller of real estate? I cover the latest data, give an update on mortgage interest rates and finish off with tips for how buyers and sellers can best position themselves to be successful in this market.…

Here is the latest market update for Northern Colorado. Wondering where mortgage interest rates are at? Curious to see how the market is trending and how that might impact you? I'll cover these items and am available to answer any questions you may have. Want to see the video podcast on YouTube? Here is a link: November 2022 Market Update Regards, …

You want to buy a home but you’re concerned about the current housing market and the economy overall. You don’t want to buy a home and have the housing market crash like in 2008. I totally understand these concerns and it’s always legitimate to consider what is best for you. In this episode I am going to highlight who can benefit in this housing ma…

With many headlines speaking to economic uncertainty due to inflation and a shifting housing market, among other indicators, what does that really mean and how does that impact you? In this episode, the September Market Update, I am covering the most recent data and will point out some basic strategies for buyers and sellers in this shifting market…

Are we in a housing recession? According to the National Association of Home Builders, the new construction industry is. I cover why they think so and how this impacts home buyers. Also, with regard to our economy, is there a light at the end of the tunnel? Lawrence Yun, Chief Economist for NAR sheds light on where things may be headed with mortgag…

As the housing market has shifted, buyers and sellers need to shift as well. Particularly their expectations and gameplan need to shift to be successful in this market. In this episode I explain tips for home buyers and sellers that will help them be realistic while achieving their goals.

As the market shift continues, what is the impact on buyers and sellers? What should they do in these changing market conditions? In this market update I’ll answer these questions and review the key metrics that demonstrate how the market is changing. Check out my Google Business Profile for contact information. Regards, Sean…

I hope everyone is doing well! Here is the latest market update for Northern Colorado. Everyone wants to know...what is going on in the housing market? Are we heading toward a market crash? Is the market shifting? I'll answer these questions and give you the latest data for the Northern Colorado housing market so you can see how the market is trend…

A housing market shift is happening. How do I know? Recent market data doesn’t clearly show it yet, as the numbers show that homes are still selling above list price and the average and median sales prices are up double-digit percent points from last year at this time. We are also in the summer season when many people take a break from their real e…

Are we in a housing bubble? With home prices skyrocketing in the last couple of years, are we due for a correction? If the housing market moved like the stock market, then yes. However, real estate is a much more stable market than stocks and its consistent upward trends are little moved by economic fluctuations. This is true even in the face of mo…

In this market update, I’ll cover the impact of higher mortgage rates, where consumer confidence stands regarding real estate and the top ten best places to live in the United States. Of course, I’ll also cover the latest local data so you can know how the real estate market is trending across the Front Range of Northern Colorado.…

In this episode I’ll be reviewing Metropolitan Districts, also known as metro districts or metro tax districts. Here in Northern Colorado, homes are being built in or reside in these districts and they have important implications for home buyers. I’ll share with you the purpose and definition of a metro district per the Colorado Revised Statute, so…

Here is the latest market update for Northern Colorado. Many are wondering how higher mortgage rates, inflation and rising home prices are impacting the real estate market. I’ll cover these topics and the latest data so you can see how the real estate market is trending here along the Front Range.

Buying a home is a large investment and you want to make sure there are no surprises waiting for you after closing. For instance, is the foundation in stable condition? Have there been water issues in the past? Have the mechanicals been serviced recently? Is the sewer line intact? These are some of the things you’re going to want to know during the…

Mortgage rates are going up. How does that impact home values? What should you do if you want to buy a home in this market environment? I’ll cover these questions and the latest data for Boulder, Larimer and Weld Counties. Want more content? Check out my podcast, Real Estate on the Front Range, wherever you listen to podcasts. You can also get epis…

Living in the mountains is a great way to live. Surrounded by natural beauty and amazing views is a blessing indeed. While most people love the majesty of the mountains, living there isn’t for everyone. There are important considerations involved in buying a home in the mountains that one wouldn’t have to think about when buying a home in the city …

We all have to make a decision at points in our lives as to where we will live and whether we will rent or buy. In this episode I am going to evaluate the financial pros and cons of renting vs. buying a home.

Buying a home is an exciting and important event and involves a significant amount of financial investment, typically the biggest we’ll have in our lives. You want to have that investment insured against anything that might jeopardize your ownership or cost you money for debts you didn’t incur. Title insurance is designed to do just that. In this e…

In this episode I'll cover the current market data for Northern Colorado and explore what a typical winter market looks like in comparison to the one we're currently in.

The market continues to be defined by low inventory, (some of the lowest Months Supply of Inventory figures that I've seen) and high demand. However, mortgage rates have gone up recently and are hovering in the mid 3's. How will this impact the real estate market? It certainly will impact some buyers by decreasing their purchase power, but many wil…

Welcome to 2022! As we are getting into the new year, what can we expect with regard to the housing market? How does our local economy impact the housing market and help predict what will likely happen? Every year I review data from our local market and also review the annual Colorado Business Economic Outlook produced by Leed’s School of Business …

What is Months Supply of Inventory? This is a helpful measure in assessing the health of the real estate market. It is useful in determining if we are in a buyer's, seller's or balanced (neutral) market. By definition, it is how long it would take to sell the current inventory of homes on the market, given the pace at which they are now selling and…

Want to see how the real estate market is trending along the Front Range of Northern Colorado? As we get into the winter months, inventory continues to decrease. Still plenty of activity on the market with strong buyer demand. Home values are going up and are forecasted to continue rising due to ongoing inventory issues. Mortgage rates are slowly i…

What is earnest money? How much will it be and where does it go? I'll answer these questions and more in this episode.

Ever wonder what is involved in the purchase of a home, and more importantly, how much money is this going to cost you out of pocket? Today I’m going to be talking about those up-front costs involved in purchasing a home. These are expenses that require you to have cash on hand to pay for before you get to the closing table. I’ll talk about earnest…

Spoiler alert, not much has changed since last month. Inventory is still low and buyer demand is strong, especially for updated homes that are move in ready. However, in this episode I do cover mortgage rate projections through the 3rd quarter of next year. Good information to have when you're considering whether or not you should buy or sell a hom…

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

The real estate market appears to be showing the typical market slowdown that it does in the Fall. However, we are still experiencing the effects of the pandemic and all that it entails, so nothing is certain. What is certain is that inventory remains low and demand from buyers remains high. This will result in home values moving upward, though lik…