Some Realtors tell me it's sloooooow. Then they say it's mostly in the upper price range that things have slowed the most. I have numbers that say otherwise. The feeling of it being slow is part real and part perception. I'll explain that part last. But first, let me tell you a story of [...]
I may have misled you. It was inadvertent if I did. I doubt if it caused any problems, but we are going to talk about this and how it happened. I hope you'll forgive me. Over the past four or five months I've been reading the charts and commenting to you on the Year-over-Year (YoY) [...]
Back in January of this year I make a couple of predictions about the Longmont real estate market in 2019. I also tried to describe what I mean by prices flattening. Both were typically long-worded explanations. I now have a very good visual and a single number that will hopefully clarify. In order to see [...]
Thank you all for the great responses to my last stats report. I guess you like the chunks of data from within the data that I went through. Great... because I'm doing it again. There are some interesting things that came up from my analysis. Most importantly, carve out 8 minutes to listen to the [...]
In my 12 years writing about local real estate statistics I've mentioned several time how much I love doing it. I'm a stats geek who loves looking deep into the numbers and I guess I'm foolish enough to write what I think for public consumption. But honestly, the last few years have been a little [...]
The fifth annual Longmont Housing Affordability Review is complete. Please click the link below to retrieve your copy of the report in .pdf format. Thank you to Amy Aschenbrenner, CEO of the Longmont Association of REALTORS® for her assistance. This is a non-partisan, unbiased review of the 2018 real estate data. It has no agenda [...]
Another month has flown by and now we are starting to see the grass turn green. Pretty soon all those spring break photos on Facebook will be replaced with summer adventures, vacations and family fun. In the meantime, let's get down to the business of stats and stuff going on around town. Last month I [...]
Quiz time. This quiz covers the past 4 months of the past 4 years. In other words, it's the four most recent four-month periods of November through February. We are going to name those four months "The Winter Months". Write down your guesses. The answers will be revealed later. 1. Of The Winter Months listed [...]
Last month I wrote that we'd be seeing steady changes in the Year-over-Year (YoY) comparison numbers. It's awesome to get your first prediction of the year correct in the first month of the year. It's hard to be pinpoint accurate when it comes to real estate predictions, but y'all have seen I'm generally in [...]
Written by: Odeta Kushi on Dec 10, 2018 Millennial demand for homeownership was one of the biggest trends influencing the housing market in 2018. Households under 35 years old contributed the most to overall homeownership growth in the third quarter of 2018, with millennial homeownership rising 1.2 percentage points from last year. This trend shows [...]
