Yo u r R e a l Estate Conn e c ti o n A PRODUCT OF C3 REAL ESTATE SOLUTIONS, LLC
LO C AL R E AL E S T A T E
INSIDE THIS ISSUE ANNUAL APPRECIATION: 1978-2018 HOME PRICE INDEX TERMINOLOGY TIP: BUYER’S AGENT VS. LISTING AGENT
ANNUAL APPRECIATION 1978-2018 HOME PRICE INDEX 25%
FORBES RATES FORT COLLINS AS TOP PLACE TO VISIT IN 2019
HOUSING MARKET EXPECTED TO STABILIZE IN 2019: FANNIE MAE
Source: www.FHFA.gov *Note: 2018 Appreciation Rates based on January-September data
BUYER’S AGENT VS. LISTING AGENT. There are usually two agents involved when you buy a home; the “buyer’s agent,” who represents the buyer, and the “listing agent,” who represents the home seller. Dual agency is when there is only one agent representing both sides of the transaction.
R E S ID E NTIAL | COMME RCI AL | PRO PERTY M ANAG E M E N T
FUNFACT / QUOTE Twice as many American homeowners were created in the last year as had been created in the previous 10 years. The number of US homeowners grew by 1.8 million (to 77.9 million) over the 12 months ending 6/30/18, double the 0.9 million new homeowners that were added over the decade ending 6/30/17. Source: Census Bureau 8/06/18
HOUSING MARKET EXPECTED TO STABILIZE IN 2019: FANNIE MAE Economic growth is expected to slow in 2019 leading to stabilized home sales and mortgage rates, according to Fannie Mae‘s economic and strategic research group.
A widening trade deficit and moderation of business investment growth have Fannie Mae’s team predicting that full-year gross domestic product growth (GDP) will slow to a 2.3 percent increase — down from this year’s projected 3.1 percent increase.
Consumer spending will continue to be the largest driver of growth, but in the third quarter of 2018 business investment growth slowed significantly. It could be even further impacted by higher tariffs, uncertainty around trade deals and rising interest rates.
“We expect full-year 2018 economic growth to come in at 3.1 percent — an expansion high — before slowing markedly to 2.3 percent in 2019 and 1.6 percent in 2020,” Doug Duncan, Fannie Mae’s chief economist said in a statement. “Fading fiscal policy,
worsening net exports, and moderating business investment all contribute to our projection that GDP growth will begin to slow in 2019.”
Purchase mortgage originations are expected to climb in 2019, but a substantial decline in refinanced mortgages is expected,
which should overall result in a small drop in total origination volume, the research team said. Stabilizing mortgage rates — along with expected strong job growth — should give more prospective homeowners a chance to adjust to the new rates, the report states.
“If mortgage rates trend sideways next year, as we anticipate, and home price appreciation continues to moderate, improving affordability should breathe some life into the housing market,” Duncan said. Source: Inman.com
2720 Council Tree Avenue, Ste 178 Fort Collins, CO 80525
209 E 4th Street Loveland, CO 80537
200 S College Avenue, Ste 160 Fort Collins, CO 80524
4864 Thompson Parkway Johnstown, CO 80534
OUR N O R THE R N C OL ORA D O F E A T U R E D
15293 Uravan St, BRIGHT $479,000 MLS#868250 3 Bed, 2 Bath, 1957 SF
445 Saint Charles Pl, JTWN $259,900 MLS#868297 2 Bed, 3 Bath, 1932 SF
222 Boxer Ranch Rd, LVMR $1,875,000 MLS#865618 191 Acres
2756 Arancia Dr, FTC $398,500 MLS#864068 5 Bed, 3 Bath, 2626 SF
5962 Pawnee Ct, WELL $899,000 MLS# 843633 5 Bed, 5 Bath, 5796 SF
1712 Cottonwood Pt Dr, FTC
7102 Avondale Rd, FTC $475,000 MLS#865216 4 Bed, 3 Bath, 3416 SF
6600 W 20th St #54, GRLY $890,000 MLS#865637 4 Bed, 6 Bath, 10314 SF
529 Richards Lake Rd, FTC $825,000 MLS#863465 3 Bed, 2 Bath, 3439 SF
8727 E CR 18, JTWN $800,000 MLS#857945 3 Bed, 2 Bath, 2189 SF
$1,120,000 MLS#861344 3 Bed, 4 Bath, 7488 SF
FORBES RATES FORT COLLINS AS TOP PLACE TO VISIT IN 2019 A national publication recently ranked Fort Collins as a top U.S. travel destination to visit in 2019. Forbes Magazine listed the Choice City among 14 recommended travel locations in the article that published last week. Fort Collins was listed with major cities like Baltimore and Nashville, Tennessee, as well as with fellow western regional cities like Jackson Hole, Wyoming, and Santa Fe, New Mexico. The publication asked different travel experts and influencers their suggestions. Travel and broadcast journalist Olivia Balsinger — who herself has visited 96 countries — was the expert to recommend Fort Collins. She’s also a matchmaker/relationship coach who has been featured on Bravo TV programming. Balsinger highlighted Fort Collins’ maker culture, growing arts scene and plethora of outdoor adventures as the reason for her selection. New Belgium Brewing, Ginger and Baker and the new farm-to-table cooking studio called Farm Fusion were specifically mentioned as community gems. “Fort Collins, nicknamed FoCo, is a happening new travel destination whose energetic art scene and entrepreneurial spirit makes the hour-long drive from Denver well worth it,” Balsinger wrote. “I strolled its streets as if it were a movie scene.” In a previous study, the city of Fort Collins tallied 1.73 million visitor days in 2016-17 — one person staying two nights is counted as two visitor days. When visitors came, they opened their wallets. According to the study, the economic impact of tourism in Fort Collins in 2016 was $274.6 million. Tourists generated $7.7 million in sales tax revenue for the city — money that is used to pay for parks, police, city government and more. Source: The Coloradoan
2720 Council Tree, Suite 178 Fort Collins, CO 80525
We are your Colorado Experts with 4 Prime Locations and Over 700 Years Combined Experience to Serve You! Lindsay Chacon
Realtor®, CNE, CMRS 970-631-3458 firstname.lastname@example.org www.lindsaychaconhomes.com
Information is deemed reliable, but not guaranteed. © 2018 C3 Real Estate Solutions, LLC.