The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:
If you’ve been watching the real estate market over the past year then you know it’s a crazy time and it can feel completely overwhelming! Homes are being sold at record speeds, market prices are reaching all-time highs, and the demand for homes, especially along the Front Range, has created a supply shortage. So what does this mean for you?
On Monday, December 28, 2020, according to Bankrate’s latest survey of the nation’s largest refinance lenders, the benchmark 30-year fixed refinance rate is 2.950% with an APR of 3.170%. The average 15-year fixed refinance rate is 2.410% with an APR of 2.640%. The 5/1 adjustable-rate refinance (ARM) rate is 3.090% with an APR of 4.040%.
With figures just being released by the Federal Housing Finance Association (FHFA) for the final quarter of 2019, it’s time to take a look at how the market is performing – from the bigger picture at national level, through regional trends and right down to what’s happening in Niwot.
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:
