We're Back

Crisafulli Team
Sep 26
3 min read

Where has the time gone?

Well, our newsletter-er in chief has been out of office taking care of the latest and littlest addition to his family (click for cuteness), but he’s back! Writing this, in fact.

It’s now officially fall, the undisputed champion of seasons in Northern Colorado, however brief it can some years be. This time of year means folks in the market are pretty well into the new school year routine, and have another couple of months to buy or sell before thte majority hunker down for the winter.

To catch up on some news items (surely the Fed would love to go back to being anonymous) and questions we’ve been fielding (“How long until prices come down?”, “Is anyone gonna buy my house?”, “Why don’t you make TikTok videos like those other agents?” etc.) here’s some info we wanted to share:

Interest Rates (Not as interesting as they are important)

As of this writing, mortgage interest rates are around 6.5%. They’ve trended down over the course of the year, but not nearly as sharply as many hoped. Here’s some commentary from one of our favorite lenders, in the wake of the recent Fed statement.
ATTN: FIRST TIME HOMEBUYERS! Alpine Bank has a new program for first time homebuyers offering rates as low as 4.75% with 5 percent down, or 5.75% with $1,000 down. Reach out (comment or click here) and we can get you more information.

What’s going on with the market

Here’s the latest housing report, which shows just how different the story can be throughout the region.
Generally, prices are flat, due to continued suppressed demand from higher interest rates. BUT, it’s important to note that that means prices have generally not come DOWN significantly either, as some continue to hold their breath for. But they’ve dropped a bit in our most expensive market nearby—yes, Boulder. Which, for as long as we can remember, has been literally TWICE as expensive as anywhere else on the list.

Table of home value changes in Northern Colorado

Assumable mortgages still rule

As rates remain high, assumable mortgages in the 3-5% remain a no-brainer if you can make the numbers work. Remember, the cash required is sometimes solvable with a second, shorter-term mortgage (reach out if you have questions about how this works).
Homes are sitting a bit longer on the market (we’re at around 3 months supply in Fort Collins, and 66 Days on Market until sale), resulting in more sellers advertising their loans as assumable to incentivize potential buyers.

That wraps it up for now. Truly hope this finds you well and enjoying post-road work season. Reach out any time.

Your team for all season,

Crisafulli Team

Featured Properties:

Assumable Mortgage Listings

In case you’re new here, we love assumable mortgages. Every couple (sometimes few) weeks, we send out new assumable opportunities. These homes are all active on the market, and have loans that are assumable. We don’t know until we engage the agent and seller if they’re willing to have them assumed, but any time a client is interested, we get in touch, usually explain how the process works to the agent, and go from there. If you ever see properties that could be a fit for you or someone you know, please reach out (it’s easy! just reply to this email). And there are lots more properties to explore over on Roam.