Introducing the (updated) FPVI (Future Property Value Index)
Predicting the short term direction of the market.
The Correlation Between M2 Money Supply and Home Prices in Colorado Springs: A Deep Dive
The real estate market in Colorado Springs has been a subject of interest for both investors and homebuyers. While many factors influence home prices, one less-discussed variable is the M2 money supply. M2 includes a broad spectrum of financial assets, such as cash, checking deposits, and easily convertible near money. Understanding the correlation between M2 […]
What if I want to sell and buy another house right now?
There are a LOT of what if’s in this question. There is no one size fits all answer here. Instead, let’s look at it from a top down perspective. First, you cannot time the market. There are simply too many variables (I say this, too, as a programmer with some working knowledge in statistics, markets […]
“As Is” vs the Average: Does ‘Sold As Is’ generate a higher level of return?
Let’s take a look at ‘as is’ sales in the region. I came across a thread on Facebook today asking if people needed to make upgrades in the market right now or if they could sell ‘as is’. This prompted me to dig into the numbers. Year to date, there have been 9,343 homes sold […]
Jul 2023: Market hits a wall?
July 2023 is looking kind of rough for the PPAR region. Number of sales is down 44.58% halfway through the month. Our closed to original price ratio – the measure of the average price at which homes are closing against the original list prices – is down 7.51%. We are down 10.35% from the peak […]
Pikes Peak Region: June 2023
As we roll into July, let’s take a look at where June 2023 has closed out. Here we see the year over year change in pricing from June to June since 1996. We can see last month was a gain in value of 1.43% over the preceding June (2022). Interestingly, this is the second lowest […]
Mid-Month State of the Market Colorado Springs Region
As we hit the midway point for June 2023, here’s where we stand: What does all of this mean for the market? Inventory is keeping prices from falling. This is likely to remain the case so long as the Fed continues backstopping the market and the demand there is out there doesn’t fall off. TLDR; […]
Is Cash King in Colorado Springs – 8 Jun 2023 Edition
Cash is king, the mantra goes. But is it true? Let’s take a look at Colorado Springs year to date. What you see below is the breakout of purchase types by number of sales and their closed to list price ratios. The way to read this is as follows: Cash is commanding a 1.75% discount […]
May 2023 YoY average price down 3.49%
The average price for May 2023 was down 3.49% from May 2022 in the Pikes Peak region. What you see below is the year over year gain / loss since 1996. This is the first down May since 2014.
Interest rates, M2 and Median Pricing in the PPAR region
The relationships between variables that impact the market is fascinating to me (I am, admittedly, a bit of a data nerd). What you see here is the interplay between the M2 money supply, median pricing and the 30 year mortgage interest rates since 1996. TLDR; if you want to know where home prices are going, […]