John Stegner
In this issue: 
Market Happenings
A Music Video Treat for You
What to do in NoCo
A Measure of this Year’s Coming Market
Interest rates for home mortgages have risen rapidly this year and now stand at around 5%. If you look at interest rates alone – the 2% rise in interest rates we’ve seen so far adds $115 to the monthly payment for every $100,000 you borrow on a 30 year loan. Will this rate hike cool the frenzied market down – time will tell.
New Valuable Added Service - ePropertyWatch
We are making this monthly service available via email so you have the opportunity to review the estimated value of your home and the current sales of properties like it in your neighborhood. Please contact me - or 970-412-1657 if you would like to take advantage of ePropertyWatch.
Market Happenings
According to the Fort Collins Board of Realtors:
"New Listings were down 2.0 percent for single family homes and 19.1 percent for townhouse-condo properties. Pending Sales landed at 215 for single family homes and 68 for townhouse-condo properties.
The Median Sales Price was up 22.2 percent to $605,000 for single family homes and 14.1 percent to $382,868 for townhouse-condo properties. Days on Market decreased 33.8 percent for single family homes and 34.9 percent for townhouse-condo properties.
Across the country, consumers are feeling the bite of inflation and surging mortgage interest rates, which recently hit 4.6% in March, according to Freddie Mac, rising 1.4 percent since January and the highest rate in more than 3 years. Monthly payments have increased significantly compared to this time last year, and as housing affordability declines, an increasing number of would-be homebuyers are turning to the rental market, only to face similar challenges as rental prices skyrocket and vacancy rates remain at near-record low."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link and download the full report.
Want to get an up to the minute market report on any town in NoCo? 
Check out this page - click on the graph and follow the past and current trends in Fort Collins.
Further, go to our homepage and select a town listed there and you will be able to see other towns' stat too!  
New Era Ranked #1 in Colorado and #40 Nationally by Real Trends
On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
THIS MONTH’S TREAT – WATCH THIS Music Video by our Granddaughter Mia Stegner
One often sees Real Estate eNewsLetters providing subscribers with recipes – usually some type of tasty treat – I would like to offer you a different and unique kind of treat. This video is very appropriate for our times and I think it helps with the stress we all feel. Mia has created many many music videos and also produced 6 albums. Her music is listened to in over 80 countries by thousands of people around the world - Enjoy!!
Nothing is Required (Original Song)
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner