The shortage of homes for sale has been a major concern for buyers and real estate agents over the last few years. Windermere Chief Economist, Matthew Gardner, explains the impact these shortages are having on the housing market.
For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.
Based on our current research, it looks like this trend is reversing.
Let’s look at the increase in inventory in our major markets versus a year ago…
- Fort Collins up 28%
- Loveland up 4%
- Windsor up 37%
- Greeley up 5%
This increase in is very good news for prospective buyers as now there are more homes to choose from.
To see an update as to what is happening in the Northern Colorado market, contact us to receive our quarterly “Scoop” report.
75 million Baby Boomers control nearly 80% of all U.S. wealth, and as this generation ages, retires, and inevitably downsizes, they will have a significant impact on the housing market. Windermere’s Chief Economist, Matthew Gardner, explains when we can expect to see Boomers start to sell, opening much-needed inventory and making home ownership available to younger generations.
Contact Us Today!
Visit Windermere at…
Learn About Our Foundation…
- Colorado Real Estate Market Update November 3, 2017ECONOMIC OVERVIEW Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%). In August, […]
- #YourStoryIsOurStory: Taking the Time to Make the Right Move September 30, 2017When Gordy was offered a promotion, he and his wife Linda would need to relocate and give up their custom home. It wouldn’t be easy, but lucky for them, they found Windermere Real Estate agent, Dawn Hardman. Over the course of a year, Dawn and Linda spent a lot of time together. Dawn took on the role of host to her new […]
- Windermere Foundation Has Donated Nearly $1,000,000 This Year! September 29, 2017Thanks to the generosity of Windermere agents and the community, the Windermere Foundation collected over $903,500 in donations through the second quarter of 2017. This is an increase of 10 percent compared to this time last year! Individual contributions and fundraisers accounted for 62 percent of the donations, while 38 percent came from donations through Windermere agent […]