Northern Colorado Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Northern Colorado (Ft. Collins, Greeley, Loveland & Windsor) real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Northern Colorado ($238,257) with a 5% down payment ($11,915), the difference in the monthly principle and interest payment of the resulting loan amount ($226,342), between 5% ($1,215.05) and 4% ($1,080.59) is $134.46. At 4% interest, a buyer could borrow $254,505, with a monthly principle and interest payment of $1,215.05; $28,163 more than they could have borrowed at 5%.

South Metro Denver Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the South Metro Denver real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in South Metro Denver ($303,396) with a 5% down payment ($15,170), the difference in the monthly principle and interest payment of the resulting loan amount ($288,226), between 5% ($1,547.26) and 4% ($1,376.04) is $171.22. At 4% interest, a buyer could borrow $324,091, with a monthly principle and interest payment of $1,547.26; $35,865 more than they could have borrowed at 5%.

Mountain Suburbs Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Mountain Suburbs real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Mountain Suburbs ($381,115) with a 5% down payment ($19,055), the difference in the monthly principle and interest payment of the resulting loan amount ($362,060), between 5% ($1,943.62) and 4% ($1,728.53) is $215.09. At 4% interest, a buyer could borrow $407,113, with a monthly principle and interest payment of $1,943.62; $45,053 more than they could have borrowed at 5%.

Metro Denver Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Metro Denver real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Metro Denver ($288,552) with a 5% down payment ($14,430), the difference in the monthly principle and interest payment of the resulting loan amount ($274,122), between 5% ($1,471.55) and 4% ($1,308.70) is $162.85. At 4% interest, a buyer could borrow $308,232, with a monthly principle and interest payment of $1,471.55; $34,110 more than they could have borrowed at 5%.

Jefferson County Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Jefferson County real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Jefferson County ($256,256) with a 5% down payment ($12,815), the difference in the monthly principle and interest payment of the resulting loan amount ($243,441), between 5% ($1,306.84) and 4% ($1,162.22) is $144.62. At 4% interest, a buyer could borrow $273,732, with a monthly principle and interest payment of $1,306.84; $30,291 more than they could have borrowed at 5%.

Douglas County Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Douglas County real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Douglas County ($354,448) with a 5% down payment ($17,725), the difference in the monthly principle and interest payment of the resulting loan amount ($336,723), between 5% ($1,807.60) and 4% ($1,607.57) is $200.03. At 4% interest, a buyer could borrow $378,622, with a monthly principle and interest payment of $1,807.60; $41,899 more than they could have borrowed at 5%.

Broomfield/Westminster Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Broomfield/Westminster real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Broomfield/Westminster ($189,534) with a 5% down payment ($9,475), the difference in the monthly principle and interest payment of the resulting loan amount ($180,059), between 5% ($966.60) and 4% ($859.63) is $106.97. At 4% interest, a buyer could borrow $202,465, with a monthly principle and interest payment of $966.60; $22,406 more than they could have borrowed at 5%.

Aurora Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Aurora real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Aurora ($166,973) with a 5% down payment ($8,350), the difference in the monthly principle and interest payment of the resulting loan amount ($158,623), between 5% ($851.52) and 4% ($757.29) is $94.23. At 4% interest, a buyer could borrow $178,360, with a monthly principle and interest payment of $851.52; $19,737 more than they could have borrowed at 5%.

Boulder Valley/Northern Colorado Economic Snapshot - December '11

As a new year peers over the horizon, the hope is that 2012 will bring with it a more prosperous year for the Boulder Valley/Northern Colorado real estate market. Since the peak year of 2005, overall sales activity has dwindled each year, with the years 2009 through 2011 having reached some level of stability.

Home mortgage interest rates have trended down over the course of 2011. The traditional thirty-year-fixed-rate loan peaked at a tad over 5% in February and currently resides at around 4%. Using the average sales price of a single family home in Boulder Valley/Northern Colorado ($271,125) with a 5% down payment ($13,555), the difference in the monthly principle and interest payment of the resulting loan amount ($257,570), between 5% ($1,382.69) and 4% ($1,229.68) is $153.01. At 4% interest, a buyer could borrow $289,620, with a monthly principle and interest payment of $1,382.69; $32,050 more than they could have borrowed at 5%.