Category Archives: Real Estate News

Viewing Homes During Safer-At-Home, Market Update, & Creating a Calming Space

“One small positive thought in the morning can change your whole day.”

#DoingMyPartCO


Viewing Homes During Safer-at-Home

As the final counties in Colorado move into a Safer-at-Home status on Saturday, buyers will once again have the opportunity to see a home in person before writing a contract, regardless of where the home is located.  Sellers will be able to market their home with professional photos and other services. With the interest of everyone’s safety in mind, showings will adhere to new rules and regulations.  Please keep in mind everyone’s situation is different and, although these are the general guidelines, some sellers or buyers may still prefer to operate on a “virtual only” basis.


Market Update

April is historically one of the busiest months of the year for real estate, but nationwide new listings actually fell over 44% year-over-year. Over the course of the last week ending May 6th, new listing activity in Boulder and Broomfield counties was down only about 21% compared to the same week in 2019. This is an improvement over prior weeks when new listings were down as much as 72%. See full update


Create a Calming Space

Over the past few weeks, our homes have become our whole world.  Sometimes that world can be intense, and we need a calm, soothing retreat to recharge and refocus.  Here are some ideas to rework or refresh your space. See ideas

 

New This Week, Easter Activities for the Home, Market Update & More

“Stay positive no matter what.  Life never gives us more than we can handle, and you are more than up to the task of facing every challenge.  All these things will strengthen your spirit and help you out as you make your way into new adventures and stand up to adversities.  There is nothing you can’t overcome with a little bit of courage.” – Ashley Rice

#DoingMyPartCO

 


 

New This Week

An updated Public Health Order 20-24 issued in conjunction with the Stay at Home order (Executive Order D 2020 017) has deemed in-person showings for real estate no longer a critical business/service.  Closings can still occur, following social distancing requirements. Virtual showings are also permissible.  Talk with me about the latest guidelines if your need to buy is urgent.


 

Market Update

The real estate market in our corner of Colorado is still strong but responding proportionally given the stay at home orders and newly announced restrictions on real estate practices in the State of Colorado. Most experts predict that the majority of US real estate markets will see a drop in activity and transaction volume to around 50% of “normal”. See full update


 

Unemployment & The Housing Market

Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. How do experts feel this will affect the housing market? See full article


Easter Activities for the Home

Easter might look a little different this year, but that doesn’t mean you can’t have just as much fun celebrating this holiday! We’ve curated a great list of activities that your kids will love without having to leave your house. Read More


 

Best Fitness Resources

Gyms and fitness classes are closed, but there are plenty of options for staying fit at home. Here is a curated list of the top fitness blogs, websites, apps, free online classes, and equipment to help keep you active and sane during the quarantine. See full list


Community Food Share Corporate Challenge

Will you join us and help us win the corporate challenge? Learn more here!

5 Simple Graphs Proving This Is NOT Like the Last Time

These are scary times. Many of my current clients have asked if I think there will be a slump in housing like the housing bubble in 2008. While I can’t read the future, I do have my own opinion. I think the attached article with graphs and charts helps explain the current housing situation very well. Please read the article. If you have questions about your real estate please don’t hesitate to contact me.

Andria Allen

303.810.8375


5 Simple Graphs Proving This Is NOT Like the Last Time

Source: Keeping Current Matters

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”

There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differencesRead More 

How Supply Impacts Demand and Price, The Local Business of January, and Interior Design Trends for 2020

I thought you might enjoy some of the links below, especially how inventory impacts demand.  There has been an increase in inventory over the last few months so this helps explain the dynamics involved.


As always, please don’t hesitate to contact me for all your real estate needs or those of friends, family or co-workers.


Andria Allen

303.810.8375

 


 

How Supply Impacts Demand and Price

In its latest edition of the Realtors Confidence Index, the National Association of REALTORS® (NAR®) sheds light on the relationship between…Read More

 


 

Local Business of January: The Roost

January’s business of the month is The Roost, a rustic-chic New American pub located in Longmont…Read More

 


 

Interior Design Trends of 2020

The beginning of a new year brings new trends for people to get hooked on. 2020 is no different from the rest. This year brings modernized trends from…Read More

 

 

 

 

 

 

 

Our Arizona Trip and Our Second Home

First off, we are not moving to Arizona – at least not yet. We checked a lot of properties out on line, and saw several over our last two visits.


Making a move changes so much in your life that you don’t really think about until it comes down to actually making the decision to move.


You think about all your friends and acquaintances – your social network. This is not easy to replicate or replace. While you will make many new friends, you can’t and won’t replace the “old” ones.


You get used to your routine: your favorite places to eat, your dog groomer, your hair dresser, dentist, doctor, etc. The list goes on. When deciding to move, all of these things come into play. Of course, sometimes you don’t have a choice due to job changes. I moved many times while in the military, and four times after getting married for jobs. It was actually fun when we were younger as we didn’t have so many ties to an area or so much stuff. We’ve lived in Boulder County for almost 18 years now. We won’t walk away from our community.


That’s why we aren’t going to. We finally decided to build a 3,400 sq ft, 3 bed, 3.5 bath home along with a 1,200 sq ft, 2 bed, 2 bath casita on a 2.5 acre property. The house and casita will each have a private driveway, garages, front courtyard and fenced backyard. We envision ourselves using the casita a few months a year while renting the house for a while (5-7 years) as neither of us wants to retire at this time. At some point, we will plan to use the main house part of the year i.e. winter, while renting the casita as a seasonal VRBO. A lot of moving parts, but either way, the property will be bringing in some income while we still get to live there. 


So, we begin the process of building a custom home – a first for us. The only bummer with this is that it will probably be the nicest home we’ve ever owned and someone else will get to live in it first.


Going through all this angst while deciding what type of property will suit us the best is a great reminder of what it’s often like for all of you and my clients. 


It’s been a good refresher course! So, if you or someone you know are planning a move, give me a call. 


Andria Allen

303.810.8375