New Rate Prediction

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Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021.

 

You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video.

 

By the end of the year he predicts rates will rise to 3.63%.  By the end of the 3rd quarter, he sees rates at 3.48%.

 

This would be a 0.5% increase by year-end compared to today.

 

What this would mean for home buyers is a 5% higher monthly payment compared to today.

The post New Rate Prediction appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

New Rate Prediction

/in , , , , , , , , /by

Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021.

 

You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video.

 

By the end of the year he predicts rates will rise to 3.63%.  By the end of the 3rd quarter, he sees rates at 3.48%.

 

This would be a 0.5% increase by year-end compared to today.

 

What this would mean for home buyers is a 5% higher monthly payment compared to today.

The post New Rate Prediction appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Why No Bubble

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There are several reasons why our Chief Economist does not believe there is a housing bubble today in the U.S.

Below is a slide he shared at our recent market Forecast events.

It shows U.S. Home ownership rate, which is simply the percentage of the population who own their home (versus renting).

The long-term average is 65% represented by the red line.

In the graph you can clearly see the bubble forming. Starting in the mid-90’s, driven by several political and economic factors, more people than ever before became homeowners.

 

 

Then, starting in, 2008, the bubble burst and the percentage tumbled back down.

Now, as you can see, we are back at a “normal” level that resembles the long-term average.

________________________________________

If you would like a copy of the entire Forecast presentation, go ahead and reach out to us. We would be happy to put it in your hands.

The post Why No Bubble appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Why No Bubble

/in , , , , , , , , , , , /by

 

There are several reasons why our Chief Economist does not believe there is a housing bubble today in the U.S.

Below is a slide he shared at our recent market Forecast events.

It shows U.S. Home ownership rate, which is simply the percentage of the population who own their home (versus renting).

The long-term average is 65% represented by the red line.

In the graph you can clearly see the bubble forming. Starting in the mid-90’s, driven by several political and economic factors, more people than ever before became homeowners.

 

 

Then, starting in, 2008, the bubble burst and the percentage tumbled back down.

Now, as you can see, we are back at a “normal” level that resembles the long-term average.

________________________________________

If you would like a copy of the entire Forecast presentation, go ahead and reach out to us. We would be happy to put it in your hands.

The post Why No Bubble appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.