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Fort Collins/Loveland 6.7% Unemployment

by Sharianne Daily

July 2012 Unemployment Figures

Loveland/Fort Collins - 6.7%

Colorado - 8.3%

United States - 8.3%

It's BAAAACK!

by Sharianne Daily

Our real estate market appears to be back in a strong way on those listings under $250,000.  Lots of multiple offers, anxious first time homeowners and the investors.  

25-44 year olds migrating to Colorado

by Sharianne Daily

Colorado ranked fifth among states for domestic net migration, in total numbers, after Texas, Florida, North Carolina and Washington. That's an improvement from the state's 10th-place ranking from 2001 to 2009. Among 25- to 44-year-olds, the age group launching careers and forming families, Colorado was the most popular state for those relocating, said state demographer Elizabeth Garner.

Fort Collins-Loveland JOB GROWTH!

by Sharianne Daily

Fort Collins-Loveland area shines bright in state, nation for job growth - In its slow but steady recovery from the recession, Colorado's job growth is middle of the pack.  But the good news is that job growth within the Fort Collins-Loveland area represents a bright spot.  Even going beyond regions in Colorado and looking nationwide, Pueblo and the Fort Collins-Loveland area are reporting some of the strongest hiring conditions, economist Mark Snead said.  "They're approaching peak levels of hiring prior to the recession," those seen in early 2008, he said. 

Median Price Fort Collins $240,050

by Sharianne Daily

In Fort Collins, year-over-year listings of single-family detached properties from June 2010 to June 2011 have decreased 8.9 percent from 1,595 to 1,425; in the Loveland/Berthoud area, listings have decreased 11.6 percent from 1,101 to 973; and the Greeley/ Evans area experienced a 20.4 percent decrease from 710 listings to 565.

In Greeley/Evans, the median sales price for a residential detached home increased from $137,000 in June 2010 to $139,000 in June 2011. However, median sales prices decreased 0.3 percent from $241,000 to $240,050 in Fort Collins and 6 percent from $234,000 to $220,000 in Loveland/Berthoud.

GREEN Products Buyers Really Want

by Sharianne Daily

Which eco-friendly amenities are grabbing buyers' attention?

  • High-efficiency insulation
  • High-efficiency windows
  • Double and triple glazed windows
  • Tankless water heaters
  • Water-conserving devices
  • Products aimed at improving indoor air quality
  • Renewable flooring products, such as bamboo and cork

 

Buyers wanting a "steal"

by Sharianne Daily

Buyers nowadays want to feel they are getting a “steal,” real estate experts say. But some sellers may be tempted to list a property above fair market value just to test out the market and see if they can get a taker. In the past year, about 25 percent of sellers who initially listed their homes too high ended up having to reduce the price, according to Trulia.com. 

Jan 2011 Mortgage Rates 4.76% vs 5.03% in 2010

by Sharianne Daily

CHART: Rates Since 1971

Mortgage Rates still at Historic LOWS!  Thank you to Susie Kiesling with Premier Mortgage for this informative chart.

Fort Collins ranks 3rd on Well-Being Index

by Sharianne Daily

Fort Collins/Loveland ranks 3rd on Well-Being Index - A recent poll released by Gallup and Heathways ranked Fort Collins/Loveland third on its Well-Being Index from among 188 metropolitan areas surveyed in 2010.  The Well-Being Index measures the health of adults in metropolitan areas based on six criteria: life evaluation, emotional health, work environment, physical health, healthy behaviors and access to basic necessities.  The overall score of the Fort Collins and Loveland areas was 72.1, third behind Boulder and Lincoln, Neb., as the top metro areas with the highest well-being. 

Owners and Renters Agree: Owning a Home Is a Smart Decision
RISMEDIA, January 22, 2011—A substantial majority of both homeowners and current renters agree that owning a home is a smart decision over the long term. That's according to the results of a National Association of REALTORS® survey of 3,793 adults conducted online by Harris Interactive.

The American Attitudes About Homeownership survey found that in today's challenging economy, 95% of owners and 72% of renters believe that over a period of several years, it makes more sense to own a home. In addition, an overwhelming majority of homeowners are happy with their decision to own a home—93% of owners surveyed would buy again.

"Homeowners and renters agree that homeownership benefits individuals and families, strengthens our communities, and is integral to our nation's economy," said NAR President Ron Phipps. "The results of this survey illustrate just how important issues related to homeownership are to people in this country."

A majority of renters—63%—said it was at least somewhat likely that they would purchase a home at some point in the future. Among this group, young adults (18-29 years old) have the strongest aspirations for homeownership; only 8% of young adults said that it was "not at all likely" that they would purchase a home at some point in the future.

Among renters who are very or extremely likely to buy a home in the future, three out of five consider confidence in job security and creditworthiness to be an obstacle. One point of agreement between renters and homeowners was support of the mortgage interest deduction (MID). Seventy-four percent of owners and 62% of renters say it's "extremely" or "very" important that the MID remain in place.

"At a time when the middle class is under increasing economic pressures, both homeowners and renters agree that the mortgage interest deduction should not be targeted for change," said Phipps. "Given strong public support of and aspirations toward owning a home, we need to keep policies in place that support and encourage responsible, sustainable homeownership for our future."

This survey was conducted online within the U.S. and fielded October 6-20, 2010. A total of 3,793 adults 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents' propensity to be online.

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