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John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Increasing Mortgage Rates for The Rest of 2021
“Thirty-year mortgage rates hit historic lows at 2.65% the week ending Jan. 7, 2021, according to data from Freddie Mac, falling approximately one percentage point from a year earlier, when the 30-year rate was 3.64%. On Feb. 25, Freddie Mac reported the 30-year rate had risen to 2.97% but still remained near historic lows. For perspective, over two years earlier, in November 2018, the 30-year mortgage rate was close to two percentage points higher at 4.94%.
The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.”
New Valuable Added Service - ePropertyWatch
We are making this new 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 15.7 percent for single family homes and 27.9
percent for townhouse-condo properties. Pending Sales landed at 201 for
single family homes and 74 for townhouse-condo properties.
The Median Sales Price was up 14.1 percent to $485,000 for single family
homes and 12.4 percent to $353,466 for townhouse-condo properties.
Days on Market decreased 3.8 percent for single family homes and 39.1
percent for townhouse-condo properties.
For homeowners currently struggling due to COVID-19, government agencies are continuing efforts to help those in need. The Federal Housing Finance Agency
announced they will allow homeowners with loans backed by Fannie Mae and Freddie Mac to receive an additional three months of forbearance, extending total payment relief to up to 18 months. Qualified homeowners must already be in a forbearance plan as of the end of February."
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 town's stat too!  
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.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner