Everybody Calm Down! The Sky Is Not Falling

After weeks of continuous good news about the housing market, the naysayers jumped all over this month’s Pending Sales Report from the National Association of Realtors (NAR). Pending sales were down from the previous month. This must be proof that all that other positive news on real estate should be ignored – right? WRONG!!

It is true that this month’s numbers were down from last month. However, we must realize we are comparing the numbers to the best month in two years. The numbers are 14.4% higher than the same month last year. Below is a graph showing the pending sales numbers over the last two years. You can decide whether it is showing a recovering market or not.

Jobs Data Disappoints
Weaker than expected US economic data and continuing concerns about Europe were positive for mortgage rates, which declined to record low levels this week.

Nearly all of the economic data released this week, including GDP, ISM Manufacturing, Consumer Confidence, and Pending Home Sales, fell short of expectations. Most significantly, for the third consecutive month, the important Employment report disappointed investors. Against a consensus forecast of 150K, the economy added just 69K jobs in May, and the figures for prior months were revised lower by 49K. The Unemployment Rate unexpectedly increased to 8.2%, from 8.1% in April. In short, the data was weak in nearly every area. As usual, bad news for the economy was positive for mortgage rates.

Growing uncertainty in Europe increased investor demand for safer assets, including US mortgage-backed securities (MBS). The big question for Greece is still whether it will exit the euro. In Spain, the banking sector is on shaky ground, and ECB officials are opposed to the use of ECB facilities for a bailout. European Union (EU) officials instead are considering a "banking union" to share the burden of bank failures in the EU. Reflecting the uncertainty, borrowing costs in Italy moved significantly higher at its most recent bond auction. Until investors see definite signs of progress in easing Europe's troubles, investors are likely to favor relatively less risky assets.
Stock market news in the month of May was one of the worst in 10 years.  Though May is notoriously turbulent, the May was rattling both to domestic and international investors…….We are all hoping June is much better!

What are your plans for this Memorial Day weekend?

With this weekend being Memorial Day, how will you be spending this weekend honoring America's Heroes? Fort Collins and the Northern Colorado area has a plethora of events for everyone to enjoy, including, but not limited to, a 5k run from Hughes Stadium all the way to the plaza in Old Town, food vendors, and live local music.

In honoring our Veterans, take some time this weekend to have fun and maybe even find yourself a home if you are moving here! Don't forget to call Kevin Shaw today at 970-946-7358 and don't forget to 'like' us on  Facebook.

http://www.coloradoan.com/article/20120520/NEWS01/305200032/Veterans-Plaza-Fort-Collins-host-Memorial-Day-events

CSU Football Stadium: Possibility of Relocation to Central Fort Collins

What are your thoughts on moving Colorado State's Hughes Stadium into the middle of Fort Collins Colorado? This could have both a positive or a negative impact on the community, affect neighbors near the proposed location, or even block the great mountain views.  Do you think Hughes Stadium is fine where it is currently located?

According to CBS local news in Denver, "The school has to consider the impact of a new stadium on nearby neighborhoods. And money from the state, tuition and taxes cannot be used to pay for the new stadium." Considering the negative and positive impacts of such a move must be noted and the community on board. 

http://denver.cbslocal.com/2012/02/24/csu-hold-first-public-meeting-about-football-stadium-plan/

U.S. Foreclosure rate has dropped to a five year low!

http://www.denverpost.com/business/ci_20649411/u-s-foreclosure-rate-dropped-five-year-low

Check out this article on the Denver Post!  The U.S. Foreclosure rate has dropped to a five year low! Great news on the recovery front!

New, Gorgeous Fort Collins Home listed! Great Price and location!

http://fortcollins.craigslist.org/reb/3021827210.html.

 Beautiful ranch floor plan with gorgeous entry, gourmet kitchen with plenty of storage and cabinetry. Slab granite, Huge island for bar seating. Eat in kitchen with large great room. Fireplace in Family room. Complete with A/C, garage door opener all appliances including washer and dryer and front yard landscaping. Great Home for the money.

Mortgage Rates hover just above a record low- Good news for Home Buyers!

http://www.denverpost.com/business/ci_20491550/mortgage-rates-hover-just-above-record-lows

Good news for buyers! Mortgage rates are remaining at a record low. This will make buying and refinancing your home much more affordable, take advantage of this while it lasts with the ShawTeam.co!

Call Kevin Shaw today and find the perfect home for you today!

970-946-7358

Denver housing market favoring sellers!

 Check out this great article on the Denver Post, written by By Steve Raabe
The Denver Post
http://www.denverpost.com/breakingnews/ci_20427615/denver-housing-market-favoring-sellers


New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook.
Metro Denver's real estate market, not along ago a buyer's domain, suddenly has shifted to a seller's paradise, at least in some neighborhoods and price ranges.
Realtors' offices are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers — some of them above asking price.
How fast is the market moving? A new report shows that Denver is No. 2 in the nation for the shortest time a home stays listed — 33 days — far below the national median time of 89 days.
Until recently, prospective buyer Patty Kupfer had viewed shopping for a home as a weekend diversion. You know, tell your broker that you're available, say, from 2 to 4 p.m. on Saturday.
Hah.
"There's no such thing anymore as a weekend home tour," Kupfer said this week. "Because if you wait 'til the weekend, nothing's going to be there. If you're just looking casually, you're not really in the market."

Read the rest of the story on the Denver Post website at  http://www.denverpost.com/breakingnews/ci_20427615/denver-housing-market-favoring-sellers

Beautiful new home! 7239 White Goose Way, a steal at $329,000!

This home is a steal at this price! Call Kevin Shaw and Shawteam.co today at 303-946-7358!

4 Bed, 2.0 Bath
2281 SF

 Beautiful, New home! Available now! With a great view! Air Condition-Central,Cable Installed,Compactor,Dryer,Disposal,Dishwasher,Fence,Master Bathroom,Newer Carpet,New Home,Newer Paint,Refrigerator,Sprinkler,Stove/Range/Oven,Washer,Wood Floors,Walk-In Closets

 

Our new Shawteam.co logo! Check it out!

We would love for you to check out our brand new Shawteam.co logo! Share with your friends and feedback is greatly appreciated! Thank you for your business and reading our blog!

Call Kevin Shaw today!

I-25 traffic to start Monday night, due to overpass construction.

If you need to commute in the Northern Colorado, take note of the construction projects starting next week! I know I will be avoiding I-25 at all costs in the late evening! Share with your friends, so that they may avoid the I-25 mayhem!

 

 

 

 

WINDSOR - One northbound and one southbound lane of Interstate 25 will close each night this week near the Windsor exit as work continues on the Colorado 392 overpass.

Starting Monday night, the Colorado Department of Transportation will close the lanes each night from 8 p.m. to 6 a.m. through Friday morning, according to a press release from the state.

 

Then on Sunday, crews will close eastbound and westbound lanes of Colorado 392 from the Westgate Drive intersection just east of I-25 to the frontage road on the west side of the interstate for stripe painting and sign adjustments.

 

The latest closures are part of a long-term, $17.5 million project to replace the bridge over the interstate. The new overpass will have two lanes in each direction, a left-turn lane in each direction and bike lanes and sidewalks on each side.

 

Other work includes rebuilt ramps, an expanded 90-space carpool parking lot at the southwest corner of the interchange and a realignment of the west frontage road, according to the press release.

Beautiful Colorado Sunset!

The photo below was taken by ShawTeam.co's marketing manager and photographer Donny Rangel. This is why you should move to Northern Colorado, you simply don't get beauty like this anywhere else, or as often as we do here! It is such a blessing to be able to walk out your back door, only to be greeted by such a beautiful sight!

Call Kevin Shaw today at 303-946-7358

The week ahead in Real Estate, Provided by ShawTeam.co!

The week ahead in Real Estate, provided by ShawTeam.co We plan to keep you updated on the market!

	Average 30 yr fixed rate: Last week: +0.20% This week: -0.02%
	Stocks (weekly): Dow: 13,100 -150 NASDAQ: 3,050 -10

Week Ahead Next week, Pending Home Sales will be released on Monday. Durable Orders, an important indicator of economic growth, will come out on Wednesday. The final revisions to fourth quarter GDP will be released on Thursday. The Fed's preferred inflation measure, the Core PCE price index, will come out on Friday, along with Chicago PMI Manufacturing and Personal Income. Consumer Confidence and Consumer Sentiment will round out a busy week. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.

CSU growth plans will put pressure on housing

I have shared a great article I found below! Colorado State University's massive increase in demand will prove to be a problem in affordable rent and space in the Fort Collins area. Available housing will be stressed, but the area should see a large increase in the amount of housing over the next few years, make that expensive housing.


http://www.ncbr.com/article/20120323/EDITION/120329963/-1/INDUSTRY21

The Benefits of Buying Real Estate in Today's Economy

The Benefits of Buying Real Estate in Today’s Economy though the economy is in a gloomy state and the residential real estate market is in turmoil , opportunities are available as well. Mortgage rates are at an all-time low and the large number of foreclosures creates a lot of opportunities to buy a home or commercial enterprise at an exceptionally good price. Every where one looks there are homes that are foreclosed or being auctioned off. These are homes that were once the property of a proud home owner and are now being cast off by the banks and lending institutions as burdens. There is frequently nothing wrong with the homes, but because the payments could not be made, the home is up for sale at a depressed price. This can create an opportunity for those who can afford to make the payments and are able to obtain backing. While it has been difficult to get a large mortgage, those individuals who can afford to get a mortgage by having a large down payment and good credit rating have a good chance at it. Recent changes by the Obama Administration should make it easier to obtain a mortgage. Housing values in most parts of the country are decreasing, making it possible to get a home that is worth much more than the sale price. This can lead to a very good investment if one is looking to remain in the house for a longer period. The housing values should shift within the next couple years, and those houses that were priced less and still had difficulty being sold will be able to be priced higher and still sell quickly. In a few years, the housing market should be good for sellers again, just as this market is good for buyers. Foreclosures can also lead to great investing opportunities. Many foreclosures are in neighborhoods that are less than desirable and the houses themselves may not have been kept in top shape, there are also many gems in the foreclosed market. These are families that merely got in over their heads and lost their homes due to adjustable rates or other problems. By having the house inspected, one can avoid any damage that the houses took while going towards foreclosure and one can get a great foreclosed house. Source: Thank you to refinancehomemortgageloan.net for the great article.

http://refinancehomemortgageloan.net/articles/the-benefits-of-buying-real-estate-in-todays-economy/

Beautiful Fort Collins Home!! New!

Just added a brand new listing to the market! This is one property you do not want to miss out on. With 2 bedrooms and 2 bathrooms, it is perfect for couples or small families! We encourage you to take a look, because this could be your next home!

This property has vaulted Ceilings, lots of light, all Stainless steel appliances stay, Open floor plan, Built in bookshelves, Close to shopping and amenities, Close to I-25 and close to campus. Perfect location!

If interested in this property: contact Kevin Shaw of ShawTeam.co at his email kevin@kevinshawrealestate.com or contact him by phone at

303-946-7358

http://fortcollins.craigslist.org/reb/2916693470.html.

Beautiful, New, Fort Collins Home! Available Now!

 If you are looking for a brand new property in the Fort Collins, norther Colorado area, look no further! We just lowered the price on this beautiful, new home to $329,000. With real estate and market trends showing that the real estate market will be seeing a full recovery by the end of this year, this house is the perfect home and investment for every person and family.

This is a great ranch home! Slab granite, upgraded tile, wood floors. Great neighborhood, close to walking trails, shopping and golf. Home will be complete Feb 20 2012. Move in ready! Fridge, range, microwave washer/ dryer. Ready, February 20th 2012

Happy hunting! Make this beautiful house your home today!

Contact Kevin Shaw at the ShawTeam.co and at his website  http://kevinshaw.yourkwagent.com

http://fortcollins.craigslist.org/reb/2914827461.html.