Friday Fun Facts – Have We Reached a Balanced Market?

Windermere Principal Economist Jeff Tucker analyzes the National Association of REALTORS’ September U.S. home sales report, what the findings say about the current housing market, and why mortgage rates have been rising in recent weeks.

 

 

 

 

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Friday Fun Facts – 3-D Printed Homes

Single-family house 3d printing concept. Symbolic house building using modern technologies. 3d illustration.

Last week, over 300 people gathered in Greeley, Colorado, to witness the groundbreaking of the largest Habitat for Humanity project in the state, which will feature 3D-printed homes. Alquist 3D, a concrete printing company, showcased its technology, using a robotic arm to layer concrete for walls instead of traditional materials like lumber.

Alquist, founded by Zachary Mannheimer, relocated its headquarters to Greeley due to local partnerships, including with Habitat for Humanity and Aims Community College. The company aims to make 3D-printed homes cheaper and more disaster-resistant than traditional houses. Currently, Alquist is working to match the cost of lumber-built homes but anticipates that large-scale production could reduce costs by 20-30%.

The Hope Springs project will consist of 174 Habitat homes and 320 apartments. Alquist’s initial task is to build two duplex homes, while 12 lumber-built homes will begin construction soon. Habitat’s local CEO, Cheri Witt-Brown, supports the technology but seeks to ensure it meets budget and family preferences before committing to further expansion.

Hope Springs will feature various community amenities and could serve as a model for addressing Colorado’s housing crisis. The project aims to combine nonprofit, private, and public efforts to create affordable housing options.

 

Source:  Colorado Public Radio

 

The post Friday Fun Facts – 3-D Printed Homes appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Friday Fun Facts – 3-D Printed Homes

Single-family house 3d printing concept. Symbolic house building using modern technologies. 3d illustration.

Last week, over 300 people gathered in Greeley, Colorado, to witness the groundbreaking of the largest Habitat for Humanity project in the state, which will feature 3D-printed homes. Alquist 3D, a concrete printing company, showcased its technology, using a robotic arm to layer concrete for walls instead of traditional materials like lumber.

Alquist, founded by Zachary Mannheimer, relocated its headquarters to Greeley due to local partnerships, including with Habitat for Humanity and Aims Community College. The company aims to make 3D-printed homes cheaper and more disaster-resistant than traditional houses. Currently, Alquist is working to match the cost of lumber-built homes but anticipates that large-scale production could reduce costs by 20-30%.

The Hope Springs project will consist of 174 Habitat homes and 320 apartments. Alquist’s initial task is to build two duplex homes, while 12 lumber-built homes will begin construction soon. Habitat’s local CEO, Cheri Witt-Brown, supports the technology but seeks to ensure it meets budget and family preferences before committing to further expansion.

Hope Springs will feature various community amenities and could serve as a model for addressing Colorado’s housing crisis. The project aims to combine nonprofit, private, and public efforts to create affordable housing options.

 

Source:  Colorado Public Radio

 

The post Friday Fun Facts – 3-D Printed Homes appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

New Listings September 2024

521 Cornell Avenue is located right in the center of Mid-Town Ft Collins in desirable South College Heights. You’ll appreciate the proximity to the neighborhood pool, schools, parks, shopping, dining, CSU and Downtown. Inside you’ll find immaculate hardwood flooring on the main level and upstairs bedrooms. The lower level includes a rec room and soundproofed 4th bedroom both with new vinyl flooring. This home provides the comfort of radiant heating and forced A/C. Access the fully fenced backyard through the oversized sliding glass door to enjoy the mature landscaping and outdoor living!

Brandon Bidwell  | MLS #1017926

8021 N Louden Crossing Court, priced to sell! Come take a look at this spacious Country Farms home on almost 1/2 acre! Fantastic location close to Windsor, Fort Collins, Loveland, & Timnath. This home has so much to offer; 5 bedrooms plus an office, 5 bathrooms, lovely, large kitchen, multiple living spaces and storage opportunities! Half of the basement is set up apartment-style with a small kitchenette. New HVAC in 2023. Mature landscaping and a fully fenced backyard add to the charm.

Katie Robinson | MLS #1017922

Discover your dream home perfectly situated at the end of a tranquil cul-de-sac, this beautiful ranch-style home presents an exceptional opportunity for home buyers. Backing onto an association green belt, 552 Mount Rainier Court, boasts a large quarter-acre lot and charming curb appeal. The open floorplan features 5″ plank wood flooring throughout most of the main level and stairs, giving the space an air of elegance. The living room, with its vaulted ceiling, plantation shutters, and cozy gas fireplace with a custom-built mantel and wood accent, serves as a visually stunning focal point. The kitchen is a chef’s dream with timeless white soft-close cabinets, quartz countertops, and stainless-steel appliances, including a gas stove, a tile backsplash, a pantry, and a large island perfect for cooking and entertaining. The dining area seamlessly connects to the kitchen and living room. The primary bedroom includes a luxurious 5-piece bath, brand-new carpet, and a large walk-in closet, while two additional bedrooms and a full bath complete the main level. Enjoy mountain views from the front bedroom and convenient main-level laundry. The finished basement offers a large family/rec room, two more bedrooms, a full bathroom, and storage space. The front yard is beautifully landscaped with updated light fixtures and concrete curbing. In the backyard, an extended Pennsylvania Blue flagstone patio and walkway, rocks and boulders from Long’s Peak, gate access to green space, 3 raised garden beds, and a cosmos flower garden create a private oasis. OWNED SOLAR PANELS add to the home’s efficiency. The neighborhood includes an outdoor pool, 3 playgrounds, trails, schools, and a rec center, and is close to downtown Berthoud with its shops and restaurants, Hillsdale Nature Area, and the championship golf course at TPC Colorado. Welcome home! Call (970) 310-6999 to schedule a tour or click here for more information.

Alexis Foster | MLS #1017922

Stunning home priced to sell! 1072 Little Grove Court, is a gorgeous West Grange home is located near parks, within walking distance to trails, Lagerman Reservoir, and schools. Outdoor opportunities galore! Home has a beautiful outdoor entertainment area, large upgraded kitchen with spacious countertops and cabinets. A tandem 3-car garage will hold your toys. Upstairs there is an open loft flex space, laundry room and large bedrooms. Beautiful office space on the main floor and a great room that radiates the natural light flowing through. Unfinished basement allows for room to grow. A must see property! Motivated Seller, quick close possible. Call (970) 430-9630 to schedule a tour or click here for more information.

Katie Robinson | MLS #1017915

Come build your dream home with award winning Apex Developments, on one of the last remaining custom home sites in the desirable WildWing Neighborhood. 6359 WIldview Lane is host to a beautiful walkout site and is just over a half an acre and backs to a tree filled open space for additional privacy. Whether you are looking to enjoy water view or mountain views this location has it all! Water tap has been secured allowing you start building your dream home! Call (970) 402-7509 to schedule a tour or click here for more information.

Jaqueline Feil | MLS #1018295

Location, Location, Location! Welcome to 1304 Westridge Drive, a thoughtfully-designed, well-crafted four-bedroom, three-bath, two-story home in Loveland. Enjoy the serenity of a private setting, walking distance from Devil’s Backbone, and a short drive to Estes Park. Mountain views from both the front of the house and the master bedroom, adding a scenic backdrop to everyday life. This home is an open canvas to personalize and make it truly yours. With spacious living areas and a versatile layout, this home is ready for your creative touch. Don’t miss the opportunity to create your dream space in a prime location! This home has been priced to sell as-is. Comparable sales support $800K+ when fully updated. Call (970) 232-4844 to schedule a tour or click here for more information.

Philip Cooper | MLS #1018436

Welcome to 5620 Janna Drive! This completely remodeled ranch home with a fully finished basement, situated on a spacious .35-acre parcel near Horseshoe Lake. The property features mature landscaping for privacy, while still offering wonderful views. The spacious lot includes perks such as RV PARKING, a detached 15×21′ SHOP, and a shed. Enjoy outdoor living with a covered patio and garden boxes. Inside, the remodel boasts a brand-new kitchen with stainless steel appliances, quartz countertops, a double oven, and all-new cabinets. The entire house has been retextured and painted, with new hard surface flooring throughout the main level. The front yard has been professionally landscaped, including a new sprinkler system and a new concrete walkway in the front and back. Additional features include a new front door, acid-washed bricks, three fully remodeled bathrooms with new tile, a new banister and railing, and all-new backyard fencing. This home is ready to welcome its new owners with modern updates and classic charm. Call (970) 310-6999 to schedule a tour or click here for more information.

Alexis Foster | MLS #1019028 

Welcome to this meticulously maintained, one-owner all-brick ranch patio home, perfectly nestled in the desirable community of The Enclave at Golden Meadows. 1367 Iva Court has large windows that fill the living and dining space with natural light, creating a warm atmosphere. Enjoy a spacious main level layout also featuring a primary suite, guest bedroom and bathroom, office, and main floor laundry-perfect for comfort and convenience. The basement provides extra living space, including a versatile rec room, bathroom and storage. Outside, is perfect for enjoying Colorado’s sunny days, with a charming deck, bonus patio and lush greenery which is maintained by the HOA. Just minutes from shopping, parks, restaurants, golf courses, and schools-everything you need is at your fingertips! This home is a true gem in a prime location – homes do not come on the market often. Don’t miss your chance to make it yours! Call (970) 215-1013 or (970) 214-9479 to schedule a tour or click here for more information.

Maria DellotaHeather Patel | MLS #1019069

Welcome to your beautiful home in Water Valley, 238 Cattail Bay Court! The main level opens to an updated dining or living room, showcasing custom built-ins. The newly renovated kitchen features new self-closing cabinets, marble countertops, a butcher block center island, new appliances, and a custom hood. The adjacent flex space can be tailored to your needs-be it a den, office, or play area. Cozy up by the gas fireplace, complete with a new stone surround and wood mantel. The updated laundry/mudroom serves as a handy drop zone from the oversized three-car garage. On the second level, the primary suite has vaulted ceilings, a newly remodeled bathroom, and an attached walk-in closet. The unfinished basement offers endless possibilities for future expansion. Step outside to your fully fenced backyard retreat, with a pergola-covered patio and lush, mature landscaping. Recent updates include a renovated primary bath (2024), a new radon system (2024), a renovated kitchen (2023), and fresh interior and exterior paint (2022), just to name a few. Living in Water Valley means enjoying a resort-style lifestyle, with access to multiple lakes, paved trails, tennis and pickleball courts, golf courses, plus membership opportunities at the pools at Pelican Lakes Country Club and Raindance. Call (970) 297-8262 to schedule a tour or click here for more information.

Madelyn Backhaus | MLS #1019322

 

The post New Listings September 2024 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

New Listings September 2024

521 Cornell Avenue is located right in the center of Mid-Town Ft Collins in desirable South College Heights. You’ll appreciate the proximity to the neighborhood pool, schools, parks, shopping, dining, CSU and Downtown. Inside you’ll find immaculate hardwood flooring on the main level and upstairs bedrooms. The lower level includes a rec room and soundproofed 4th bedroom both with new vinyl flooring. This home provides the comfort of radiant heating and forced A/C. Access the fully fenced backyard through the oversized sliding glass door to enjoy the mature landscaping and outdoor living!

Brandon Bidwell  | MLS #1017926

8021 N Louden Crossing Court, priced to sell! Come take a look at this spacious Country Farms home on almost 1/2 acre! Fantastic location close to Windsor, Fort Collins, Loveland, & Timnath. This home has so much to offer; 5 bedrooms plus an office, 5 bathrooms, lovely, large kitchen, multiple living spaces and storage opportunities! Half of the basement is set up apartment-style with a small kitchenette. New HVAC in 2023. Mature landscaping and a fully fenced backyard add to the charm.

Katie Robinson | MLS #1017922

Discover your dream home perfectly situated at the end of a tranquil cul-de-sac, this beautiful ranch-style home presents an exceptional opportunity for home buyers. Backing onto an association green belt, 552 Mount Rainier Court, boasts a large quarter-acre lot and charming curb appeal. The open floorplan features 5″ plank wood flooring throughout most of the main level and stairs, giving the space an air of elegance. The living room, with its vaulted ceiling, plantation shutters, and cozy gas fireplace with a custom-built mantel and wood accent, serves as a visually stunning focal point. The kitchen is a chef’s dream with timeless white soft-close cabinets, quartz countertops, and stainless-steel appliances, including a gas stove, a tile backsplash, a pantry, and a large island perfect for cooking and entertaining. The dining area seamlessly connects to the kitchen and living room. The primary bedroom includes a luxurious 5-piece bath, brand-new carpet, and a large walk-in closet, while two additional bedrooms and a full bath complete the main level. Enjoy mountain views from the front bedroom and convenient main-level laundry. The finished basement offers a large family/rec room, two more bedrooms, a full bathroom, and storage space. The front yard is beautifully landscaped with updated light fixtures and concrete curbing. In the backyard, an extended Pennsylvania Blue flagstone patio and walkway, rocks and boulders from Long’s Peak, gate access to green space, 3 raised garden beds, and a cosmos flower garden create a private oasis. OWNED SOLAR PANELS add to the home’s efficiency. The neighborhood includes an outdoor pool, 3 playgrounds, trails, schools, and a rec center, and is close to downtown Berthoud with its shops and restaurants, Hillsdale Nature Area, and the championship golf course at TPC Colorado. Welcome home! Call (970) 310-6999 to schedule a tour or click here for more information.

Alexis Foster | MLS #1017922

Stunning home priced to sell! 1072 Little Grove Court, is a gorgeous West Grange home is located near parks, within walking distance to trails, Lagerman Reservoir, and schools. Outdoor opportunities galore! Home has a beautiful outdoor entertainment area, large upgraded kitchen with spacious countertops and cabinets. A tandem 3-car garage will hold your toys. Upstairs there is an open loft flex space, laundry room and large bedrooms. Beautiful office space on the main floor and a great room that radiates the natural light flowing through. Unfinished basement allows for room to grow. A must see property! Motivated Seller, quick close possible. Call (970) 430-9630 to schedule a tour or click here for more information.

Katie Robinson | MLS #1017915

Come build your dream home with award winning Apex Developments, on one of the last remaining custom home sites in the desirable WildWing Neighborhood. 6359 WIldview Lane is host to a beautiful walkout site and is just over a half an acre and backs to a tree filled open space for additional privacy. Whether you are looking to enjoy water view or mountain views this location has it all! Water tap has been secured allowing you start building your dream home! Call (970) 402-7509 to schedule a tour or click here for more information.

Jaqueline Feil | MLS #1018295

Location, Location, Location! Welcome to 1304 Westridge Drive, a thoughtfully-designed, well-crafted four-bedroom, three-bath, two-story home in Loveland. Enjoy the serenity of a private setting, walking distance from Devil’s Backbone, and a short drive to Estes Park. Mountain views from both the front of the house and the master bedroom, adding a scenic backdrop to everyday life. This home is an open canvas to personalize and make it truly yours. With spacious living areas and a versatile layout, this home is ready for your creative touch. Don’t miss the opportunity to create your dream space in a prime location! This home has been priced to sell as-is. Comparable sales support $800K+ when fully updated. Call (970) 232-4844 to schedule a tour or click here for more information.

Philip Cooper | MLS #1018436

Welcome to 5620 Janna Drive! This completely remodeled ranch home with a fully finished basement, situated on a spacious .35-acre parcel near Horseshoe Lake. The property features mature landscaping for privacy, while still offering wonderful views. The spacious lot includes perks such as RV PARKING, a detached 15×21′ SHOP, and a shed. Enjoy outdoor living with a covered patio and garden boxes. Inside, the remodel boasts a brand-new kitchen with stainless steel appliances, quartz countertops, a double oven, and all-new cabinets. The entire house has been retextured and painted, with new hard surface flooring throughout the main level. The front yard has been professionally landscaped, including a new sprinkler system and a new concrete walkway in the front and back. Additional features include a new front door, acid-washed bricks, three fully remodeled bathrooms with new tile, a new banister and railing, and all-new backyard fencing. This home is ready to welcome its new owners with modern updates and classic charm. Call (970) 310-6999 to schedule a tour or click here for more information.

Alexis Foster | MLS #1019028 

Welcome to this meticulously maintained, one-owner all-brick ranch patio home, perfectly nestled in the desirable community of The Enclave at Golden Meadows. 1367 Iva Court has large windows that fill the living and dining space with natural light, creating a warm atmosphere. Enjoy a spacious main level layout also featuring a primary suite, guest bedroom and bathroom, office, and main floor laundry-perfect for comfort and convenience. The basement provides extra living space, including a versatile rec room, bathroom and storage. Outside, is perfect for enjoying Colorado’s sunny days, with a charming deck, bonus patio and lush greenery which is maintained by the HOA. Just minutes from shopping, parks, restaurants, golf courses, and schools-everything you need is at your fingertips! This home is a true gem in a prime location – homes do not come on the market often. Don’t miss your chance to make it yours! Call (970) 215-1013 or (970) 214-9479 to schedule a tour or click here for more information.

Maria DellotaHeather Patel | MLS #1019069

Welcome to your beautiful home in Water Valley, 238 Cattail Bay Court! The main level opens to an updated dining or living room, showcasing custom built-ins. The newly renovated kitchen features new self-closing cabinets, marble countertops, a butcher block center island, new appliances, and a custom hood. The adjacent flex space can be tailored to your needs-be it a den, office, or play area. Cozy up by the gas fireplace, complete with a new stone surround and wood mantel. The updated laundry/mudroom serves as a handy drop zone from the oversized three-car garage. On the second level, the primary suite has vaulted ceilings, a newly remodeled bathroom, and an attached walk-in closet. The unfinished basement offers endless possibilities for future expansion. Step outside to your fully fenced backyard retreat, with a pergola-covered patio and lush, mature landscaping. Recent updates include a renovated primary bath (2024), a new radon system (2024), a renovated kitchen (2023), and fresh interior and exterior paint (2022), just to name a few. Living in Water Valley means enjoying a resort-style lifestyle, with access to multiple lakes, paved trails, tennis and pickleball courts, golf courses, plus membership opportunities at the pools at Pelican Lakes Country Club and Raindance. Call (970) 297-8262 to schedule a tour or click here for more information.

Madelyn Backhaus | MLS #1019322

 

The post New Listings September 2024 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Friday Fun Facts – Best Places to Live

U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top 10 list.

They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market.

Here are the top 10:

  1. Naples, FL
  2. Boise, ID
  3. Colorado Springs, CO
  4. Greensville, SC
  5. Charlotte, NC
  6. Raleigh, NC
  7. Huntsville, AL
  8. Virginia Beach, VA
  9. Austin, TX
  10. Boulder, CO

The post Friday Fun Facts – Best Places to Live appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

FRIDAY FUN FACTS – Transitioning into Fall

As we transition from September to October, the real estate market is showing signs of stability and balance. Inventory levels are beginning to flatten out, providing buyers with more options to choose from. Sellers are becoming more flexible, willing to negotiate, make repairs, and offer concessions to close deals.

  • Active Listings: The number of active listings has remained consistent compared to the previous week, although inventory levels are notably higher than this time last year.
  • New Listings: There has been an increase in new listings both week over week and year over year, indicating growing seller confidence.
  • Pending Transactions: The number of pending transactions has remained relatively flat, and the market’s supply of inventory has held steady.
  • Odds of Selling: While the Odds of Selling have risen slightly, they remain below historical averages, reflecting the ongoing dynamics of the market.
  • Showings: Showings have seen a minor decline from the previous week but are higher compared to the same period last year. Homes are staying on the market longer, giving buyers more time to consider their options.
  • Price Reductions: The prevalence of price reductions has increased, with a larger percentage of homes adjusting their prices before entering into contracts. Additionally, the size of these price reductions has also shown an uptick.

Buyers currently have increased negotiating power, as sellers are more willing to engage in negotiations and make concessions. With a stable inventory and a market that offers more time for decision-making, now may be an opportune time for buyers to explore their options.

 

For personalized insights and guidance tailored to your specific real estate goals, feel free to reach out to our team at Windermere Real Estate.  We are here to help you make informed decisions and seize the opportunities presented by the current market conditions.

The post FRIDAY FUN FACTS – Transitioning into Fall appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

FRIDAY FUN FACTS – Transitioning into Fall

As we transition from September to October, the real estate market is showing signs of stability and balance. Inventory levels are beginning to flatten out, providing buyers with more options to choose from. Sellers are becoming more flexible, willing to negotiate, make repairs, and offer concessions to close deals.

  • Active Listings: The number of active listings has remained consistent compared to the previous week, although inventory levels are notably higher than this time last year.
  • New Listings: There has been an increase in new listings both week over week and year over year, indicating growing seller confidence.
  • Pending Transactions: The number of pending transactions has remained relatively flat, and the market’s supply of inventory has held steady.
  • Odds of Selling: While the Odds of Selling have risen slightly, they remain below historical averages, reflecting the ongoing dynamics of the market.
  • Showings: Showings have seen a minor decline from the previous week but are higher compared to the same period last year. Homes are staying on the market longer, giving buyers more time to consider their options.
  • Price Reductions: The prevalence of price reductions has increased, with a larger percentage of homes adjusting their prices before entering into contracts. Additionally, the size of these price reductions has also shown an uptick.

Buyers currently have increased negotiating power, as sellers are more willing to engage in negotiations and make concessions. With a stable inventory and a market that offers more time for decision-making, now may be an opportune time for buyers to explore their options.

 

For personalized insights and guidance tailored to your specific real estate goals, feel free to reach out to our team at Windermere Real Estate.  We are here to help you make informed decisions and seize the opportunities presented by the current market conditions.

The post FRIDAY FUN FACTS – Transitioning into Fall appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Friday Fun Facts – Does the Federal Reserve affect Mortgage Rates?

The federal funds rate and mortgage rates are both types of interest rates, but they operate differently. The Fed directly controls the federal funds rate, which primarily influences short-term interest rates, while mortgage rates are determined by lenders based on long-term bond yields and various economic factors like inflation and market demand. This means that while both rates can move in the same direction, they don’t always do so. For instance, when inflation rises, mortgage lenders may increase rates to protect their returns, even if the Fed lowers its rate. This nuanced relationship reflects differing priorities: the Fed balances inflation with job market stability, while lenders focus on the erosion of their future payments. Historical data supports this divergence, illustrating that Fed rate changes don’t consistently correlate with mortgage rate adjustments.

The post Friday Fun Facts – Does the Federal Reserve affect Mortgage Rates? appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Friday Fun Facts – The 1651 Day Wait is Over

It’s been 1651 days since the Federal Reserve last cut rates.

During this era of rising rates, we’ve seen:

  • Mortgage rates peak at nearly 8% in October 2023
  • Existing home sales plummet to 1995 levels
  • Home affordability hit a 40-year low

So when we got the news this week that the Fed was cutting interest rates by 0.55%, we were elated.

Not because this single interest rate will dramatically decrease overnight – but because this signals that this is only the beginning and not the end of interest rate cuts.

What to expect – more buyers, increased competition.

To help you navigate the process of buying or selling your home, please reach out to your Windermere agent.

The post Friday Fun Facts – The 1651 Day Wait is Over appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.