Billie Jo Downing and Kathy Scribner-November 2020

Billie Jo Downing

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year

970.481.4150

Each Office Independently Owned and Operated.

RE/MAX Alliance Loveland 750 W. Eisenhower Boulevard Loveland, CO 80537

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Own This Home Team Billie Jo Downing & Kathy Scribner

Home values are increasing! Do you know the value of your home? Visit www.ValueMyNoCoHome.com to find out.

PRESENTED BY BILLIE JO DOWNING & KATHY SCRIBNER Your Northern Colorado Real Estate Specialists PREPARED ESPECIALLY FOR

Jonathan and Angela-Marie Williams

Billie Jo Downing

No One in the World Sells More Real Estate than RE/MAX!

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year

970.481.4150

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Serving Northern Colorado for Over 25 Years!

WE WORK HARD TO MAKE OUR CLIENTS HAPPY “Own This Home Team helped me with three transactions, and they were wonderful to work with! They assisted me with a house sale of over a million dollars, buying a new house, and doing a 1031 exchange for a rental property. Pleasant and knowledgeable to work with. I highly recommended Kathy and Billy Jo.” 5-Star Zillow Review | Julie E.

Fall Real Estate Market Update

The Market is Abnormally Hot Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.

Why is Homebuying Taking Off Now?

How the Pandemic Shaped the Market

Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?

Experts agree, the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?

Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.

Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided.

Low rates are just adding extra impetus to an already motivated buying segment.

Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city.

“After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for single-family detached homes,” says Cheryl Young, senior economist at Zillow. Regardless of where you live, extra space is commanding buyer interest.

“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”

— Danielle Hale, Realtor.com Economist

Jonathan and Angela-Marie, This is the perfect time of year to take advantage of the unique market and historic conditions; don’t miss this opportunity! Call us today at 970.481.4150 or 970.669.4175 to receive a personal market analysis.

by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff. | Vecteezy.com

Jonathan and Angela-Marie, This market report was created especially for you. If you are thinking of making a move to your next dream home, contact us today at 970.481.4150 or 970.669.4175 for a free market analysis of your home.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020