Friday Fun Facts – Colorado’s Single-Family Housing Shortage: A Positive Path Forward

Colorado’s growing need for single-family homes is a challenge, but it also represents an opportunity to build stronger, more resilient communities. With its stunning landscapes and thriving economy, the state is well-positioned to embrace innovative solutions to meet the demand for housing.

The factors contributing to this shortage are clear: population growth, rising costs, and zoning limitations. However, these challenges also pave the way for creative problem-solving and collaboration. By rethinking how housing is built and expanding opportunities for diverse development, Colorado can set an example for other states facing similar issues.

The benefits of addressing this housing shortage are far-reaching. Families will have greater access to homeownership, essential workers can live closer to their jobs, and communities can maintain their vibrancy. Rising to meet these needs isn’t just about building homes—it’s about creating lasting opportunities for current and future residents.

Communities across the state are already exploring solutions. Adjusting zoning regulations to allow for more housing types, encouraging affordable construction, and investing in infrastructure to support growth are just a few of the promising approaches. With input from policymakers, developers, and residents, Colorado can craft a balanced and sustainable path forward.

The housing shortage may be a challenge, but it’s also a chance to innovate and thrive. Together, Coloradans can create a future where housing is accessible, communities are strong, and opportunities are abundant for everyone who calls this beautiful state home.

The post Friday Fun Facts – Colorado’s Single-Family Housing Shortage: A Positive Path Forward appeared first on Windermere Real Estate - Northern Colorado.

Building for Multi-Generational living

The National Association of REALTORS® reports a significant increase in multi-generational home purchases, reaching 17% of all home purchases in the past year—the highest since 2013. This trend is driven by factors such as cost savings (36%), caring for aging parents (25%), adult children returning home (21%), and adult children who never left (20%).

Married couples constitute 58% of multi-generational home buyers, while single females account for 19%. The median age of these buyers is 57, with 77% aged 45 and above.

The “Sandwich Generation,” individuals balancing care for both aging parents and their own children, represents a significant portion of multi-generational home buyers. Among those purchasing for aging parent care, 29% also have children under 18 at home. Additionally, 17% of these buyers carry student loan debt, with a median balance of $30,000.

Multi-generational living arrangements offer financial and emotional support, fostering stronger family bonds and shared caregiving responsibilities. However, they also require careful management of privacy, space, and interpersonal dynamics.

Many builders in the Northern Colorado area are paying attention to this trend and are building homes that can cater to this type of living situation.

Source:  NAR

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Friday Fun Facts: Best Mountain Towns To Buy Property In The Next 5 Years

Fort Collins keeps landing on “best places to live” lists, proving it’s a top-tier city for anyone looking for an awesome hometown.  So it’s no surprise that it was recently named one of the four best mountain towns to buy a home in the next five years by GoMortageRates.com.

With an average home price of $554,755 and a modest 0.9% price change in the last 12 months, Fort Collins is experiencing steady growth. Located 60 miles north of Denver and home to Colorado State University, the city offers a family-friendly environment with excellent schools, a robust job market, a thriving arts community and outstanding outdoor recreation.

The COVID-19 pandemic triggered an unprecedented urban exodus, with remote work opportunities and health concerns driving Americans to less populated mountain regions, a migration that continues even years later.  Fort Collins and three other mountain towns offer promising real estate opportunities for those seeking a different pace of life.

Curious what other towns made the list?  Here they are:

Bend, Oregon

  • Average home price: $728,226
  • Strong rental demand from residents and tourists
  • Solid property appreciation potential
  • Attractive for diverse investment strategies

Blue Ridge, Georgia

  • Average home price: $491,808
  • Year-round tourism driving real estate market
  • Growing population with quality of life amenities
  • Robust short-term and long-term rental markets

Seattle, Washington

  • Average home price: $848,982
  • Home to 17 Fortune 500 companies
  • Unique mountain town with strong economic fundamentals
  • Expected population growth of 1 million by 2040
  • Challenging housing supply due to geographical constraints

Source: GoBankingRate.com

The post Friday Fun Facts: Best Mountain Towns To Buy Property In The Next 5 Years appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Friday Fun Facts: Best Mountain Towns To Buy Property In The Next 5 Years

Fort Collins keeps landing on “best places to live” lists, proving it’s a top-tier city for anyone looking for an awesome hometown.  So it’s no surprise that it was recently named one of the four best mountain towns to buy a home in the next five years by GoMortageRates.com.

With an average home price of $554,755 and a modest 0.9% price change in the last 12 months, Fort Collins is experiencing steady growth. Located 60 miles north of Denver and home to Colorado State University, the city offers a family-friendly environment with excellent schools, a robust job market, a thriving arts community and outstanding outdoor recreation.

The COVID-19 pandemic triggered an unprecedented urban exodus, with remote work opportunities and health concerns driving Americans to less populated mountain regions, a migration that continues even years later.  Fort Collins and three other mountain towns offer promising real estate opportunities for those seeking a different pace of life.

Curious what other towns made the list?  Here they are:

Bend, Oregon

  • Average home price: $728,226
  • Strong rental demand from residents and tourists
  • Solid property appreciation potential
  • Attractive for diverse investment strategies

Blue Ridge, Georgia

  • Average home price: $491,808
  • Year-round tourism driving real estate market
  • Growing population with quality of life amenities
  • Robust short-term and long-term rental markets

Seattle, Washington

  • Average home price: $848,982
  • Home to 17 Fortune 500 companies
  • Unique mountain town with strong economic fundamentals
  • Expected population growth of 1 million by 2040
  • Challenging housing supply due to geographical constraints

Source: GoBankingRate.com

The post Friday Fun Facts: Best Mountain Towns To Buy Property In The Next 5 Years appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.