Marybeth Emerson & Deborah Read Fowler Selected Among America’s Top 100 Real Estate Agents

Featured by atHome Colorado

Colorado Landmark is proud to congratulate Marybeth Emerson and Deborah Read Fowler on their 2021 induction to the Top 100 Agents in America- Top 1%. Incredible!

 

 

 

 

 

 

 

LEFT: Marybeth Emerson RIGHT: Deborah Read Fowler

Colorado Landmark, Realtors  is pleased to announce the selection of  Marybeth Emerson  and  Deborah Read Fowler  to America’s Top 100 Real Estate Agents® for 2021. Selection to  America’s Top 100 Real Estate Agents  is by invitation only and is reserved to identify the nation’s most esteemed and skilled Real Estate Agents and Brokers with a history of routinely selling homes above market value.

Only the Top 100 qualifying Real Estate Professionals in each region will receive this honor and be selected for membership among America’s Top 100 Real Estate Agents. With these standards for selection, less than one percent (1%) of active Real Estate Professionals in the United States will receive this honor — truly the most exclusive and elite level of Real Estate Agents and Brokers in the community.

Marybeth Emerson and Deborah Read Fowler build on the trusted legacy of Colorado Landmark, Realtors, with a four decades-long award-winning track record as Boulder Valley’s leading luxury boutique brokerage. Landmark’s Real Estate Professionals have been recognized amongst the nation’s elite through proven results and unfettered dedication to the Boulder market. Remaining independent, local and boutique has allowed top agents the freedom to be intentionally and relentlessly focused on the health, wellbeing and happiness of the Boulder community.

The elite selection into the Top 1% of Real Estate agents in the nation is through a comprehensive multi-phase selection process involving proprietary algorithms using advanced data analytics to assess a broad array of criteria and data for each candidate, including (but not limited to) the Real Estate Professional’s total yearly sales volume, notable above market value sales, luxury home sales, efficiency rating for closing sales, lifetime professional experience, client satisfaction ratings and other notable recognitions, among many other proprietary factors. Based on these criteria, a measure/rating for each Real Estate Professional is established indicating their relative effectiveness in closing high-value sales above market value in comparison to other Real Estate Professionals in their region. Accordingly, the most efficient and effective Real Estate Professionals among the community are then identified for selection among America’s Top 100 Real Estate Agents.

For more information about America’s Top 100 Real Estate Agents or the selection process, visit  Top100RealEstateAgents.com.  For more information about Colorado Landmark, Realtors visit  coloradolandmark.com.

 

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for  strong demand  for the item coupled with a  limited supply. That  maximizes your leverage  when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.

Demand Is Very Strong

According to the latest  Existing Home Sales Report  from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains:

“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it’s likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”

Demand isn’t expected to weaken this year, either. In addition, the  Mortgage Finance Forecast, published last week by the Mortgage Bankers’ Association (MBA), calls for existing-home sales to reach 6.4 million homes this year.

Supply Is Very Limited

The same sales report from NAR also reveals the months’ supply of inventory just hit the lowest number of the century. It notes:

“Total housing inventory at the end of December amounted to 910,000 units, down 18% from November and down 14.2% from one year ago (1.06 million). Unsold inventory sits at a 1.8-month supply at the present sales pace, down from 2.1 months in November and from 1.9 months in December 2020.”

The reality is, inventory decreases every year in December. That’s just how the typical seasonal trend goes in real estate. However, the following graph emphasizes how this December was lower than any other December going all the way back to 1999.

Right Now, Sellers Have Maximum Leverage

As mentioned above, when there’s strong demand for an item and a limited supply of it available, the seller has maximum  leverage  in the negotiation. In the case of homeowners who are thinking about selling, there may never be a better time than right now. While demand is this high and  inventory  is this low, you’ll have leverage in all aspects of the sale of your house.

Today’s buyers know they need to be  flexible negotiators  that make very  competitive offers, so here are a few areas that could tip in your favor when your house goes on the market:

  • Competitive sales price
  • Flexible closing date
  • Potential for a leaseback to allow you more time to find a home
  • Minimal offer contingencies

Bottom Line

If you’re thinking of selling your house this year, now is the optimal time to list it. Contact us at info@coloradolandmark.com to learn more about putting your house on the market today.

2022 Economy Will Continue Recovery, but Issues Remain

By LISA KLEIN

The pandemic caused a very short economic downturn unlike any other, and while the globe bounced back quickly, the manufacturing and service sectors lag behind.

Affluent individuals generally benefitted from the COVID-19 economy but are also feeling the fallout in terms of what they are able to buy and do, which is a trend that is expected to continue into 2022.

“No matter how much money they had, they couldn’t spend money on the kind of high-touch, close-contact services that many of them were accustomed to, that had sort of been built into their lives,” said Marci Rossell, chief economist for Leading Real Estate Companies of the World,®  during Luxury Portfolio International’s 2021 Affluence Forum.

 

Highs and Lows

In the spring of 2020, entire countries closed down and were forced to continue to restrict their restaurant, travel and hospitality sectors. Manufacturing and shipping, too, had to hold back thanks to COVID-19, and mass layoffs were seen across numerous industries.

Naturally, the global economy was not immune either, but the downturn it saw was different than a usual recession.

“What made it different than other downturns is that it came from outside the economy and moved in rather than inside the economy and moved out,” Ms. Rossell said.

The recessions of the 1970s started within the oil industry, and in 2008 it all started in the housing sector before spilling out into other areas of the economy.

With the coronavirus pandemic, things crashed all at once due to a non-economic factor.

Also, in normal circumstances, an economic downturn typically leads to declines in personal wealth.

“This time around, the value of folks’ portfolios and their homes might have dipped dramatically in a three-month period of time, but boy, everything just snapped back so very quickly,” Ms. Rossell said.

After the initial shock of the pandemic, the value of stocks, bonds and real estate – the main vessels for personal wealth – actually increased dramatically.

According to Ms. Rossell the stock market alone is up 30 percent worldwide, and from pre-pandemic levels to boot.

“Wealth increased almost $28 trillion globally last year,” she said.

“To put that into perspective, the U.S. economy is a $22 trillion economy,” she said. “So in terms of wealth, it was almost as if you added to the globe an entire U.S. economy, plus some.”

Supply & Demand

Fast gains in wealth ushered in big increases in demand throughout the past year, with pandemic-affected industries struggling to keep up.

“2021 was a year where the global economy really snapped back in terms of economic activity, and growth picked up,” Ms. Rossell said. “Many sectors sort of exploded in terms of how quickly they recovered.”

Somehow, though, despite the initial pandemic unemployment rate, there is a shortage now in the labor pool for many sectors, caused by the unusual nature of the 2020 downturn.

While any economic downturn will lead to job losses, normally that happens over a long period of time. In 2020, people were instantly severed from their employer and often the place they lived as a result.

“Once you cut that for them, they’re not going back to the same job, they’re not going back to the same town, they’re not going back to the same way that they lived before,” Ms. Rossell said. “And so this is causing real friction in labor markets today.”

In addition, Gen Z is much smaller that the millennial generation, and every year there are 400,000 fewer 18-year-olds entering the labor pool in the United States alone.

High demand plus a workforce shortage have led to sticker shock for many, with goods and services price hikes, real estate prices that went through the roof and a whopping 5 percent inflation.

“Those inflation numbers are something we haven’t seen in decades,” Ms. Rossell said. “And it’s making folks worry: is the stock market going to crash, is there a housing bubble?”

 

2022 Forecast

The economist does not believe 2022 will see any burst bubbles, especially when it comes to the housing market.

Throughout the pandemic, people purchased larger and larger homes because they needed the space for working, schooling and entertaining. But pandemic or not, millennials have been buying those homes anyways, as they are moving on into a new family-oriented phase of life.

Plus, homebuyers can afford what they are purchasing this time around, many making cash offers for property recently.

There will, however, be some things that money just cannot buy again yet.

“Factories worldwide are churning out goods trying to get them to clients,” Ms. Rossell said. “But you don’t have truck drivers, you don’t have dock staff, to get them from the ships to our homes, our stores, all those things because of the labor market issues.”

Labor shortages in the travel, leisure and entertainment industries have also soured the experience, especially in the luxury market where consumers are used to a certain quality of service.

“If you’re a high-net-worth person who has plenty of income, plenty of wealth – it’s piling up in your stock portfolio, it’s piling up in the value of your home,” Ms. Rossell said. “You want to spend money on things and in some instances you can’t.”

While she advised that these issues are only temporary, that may not be enough for some.

“I think 2022 could be sort of a year of frustration,” Ms. Rossell said.


 

Landmark Moment: Company Announcement

On Tuesday, August 10, 2021, Colorado Landmark, Realtors’ Founder, Joel Ripmaster welcomed his daughter, Orly Ripmaster as the incoming President and Co-owner of the company, as well as Scott Ripmaster the new Vice President and Head of Recruiting.

Joel hosted a spirited transition announcement at Folsom Field, in the heart of The University. It felt fun and appropriate to kick off the announcement at this significant venue, as it’s been an integral part of his and his family’s lives. “As we lean into local, what could be more local than being right here in the heart of the buffalo!” – Joel Ripmaster

Colorado Landmark, Realtors’ story began in 1977, shortly after founder Joel Ripmaster, graduated from the University of Colorado Boulder, where he played football for the University of Colorado Buffaloes. Where he would spend his time hiking from campus to Chautauqua Park with his college sweetheart and later to be wife. The two young Midwestern students would walk and daydream about one day owning a home in Boulder, starting a family and a business, and spending a life here. Joel fell in love with Boulder, his wife, and residential real estate and what it represented to his young family. 

Over the last 45 years, Joel has committed to being a coach and mentor, and committed to Boulder. Colorado Landmark felt being independent and local is more important and sought after than ever before. “What we have built can’t be replicated!” Being one of the top independent agencies in the country is a huge accomplishment. With that, Joel realized that he needed a partner. A partner who can table the future while honoring the past and has the capacity, the drive, and desire to take the long view. He found his partner… A fellow real estate executive with 20 years experience in Real Estate and Private Equity, with an MBA in Real Estate from ESSEC Business School in Paris, France, Ivy League credentials with an honor’s degree from Harvard, and a Master’s in communications from the University of Colorado.  An athlete, a scholar, a Mom, a daughter and a Real Estate executive. She is joining the team as the retiring Senior Vice President and Chief of Staff of KSL Capital Partners. 

“I am humbled that she would ever consider leading this organization. Partnering with my daughter to establish a sustainable succession plan that ensures the DNA of Colorado Landmark, Realtors for years to come.”

Orly will strategize, modernize and bring vitality to the day-to-day operations and management of the business. Joel will continue to work shoulder-to-shoulder with Orly and will remain the Founder of Colorado Landmark, Realtors and named Principal of the organization. As Principal, Joel will remain to build and mentor the team and brand with his foundational knowledge and expertise, as well as manage and grow his own luxury sales. With 15 years in the business, Scott will bring fresh energy to our recruiting team and management to the Louisville location. His expertise and authenticity will be such a powerful accelerator for the brand and the voice. Colorado Landmark prides itself in being a local, independent, family-oriented real estate firm and is now female owned.

“We talk a lot about Landmark Moments and this week’s announcement was certainly amongst the most significant landmark moments in my career. It’s a really exciting time to be at Colorado Landmark. We will be leaning into our brand, galvanizing our messaging and and celebrating the power of our new positioning: Local, Independent, Family Built, Female Owned. Needless to say, I am so proud” – Founder, Joel Ripmaster


Announcing the 2020 Real Trends Superstars

The 2020 Real Trends Rankings have been released, and Colorado Landmark has some superstars on the list!

 

America’s Best Real Estate Professionals honors America’s finest real estate agents from all across the country! Over 18,000  U.S. real estate sales associates from every state are featured in America’s Best.

Those ranked are among the top 1.5% of 1.4 million real estate professionals in the United States!


 

Marybeth Emerson – #1 INDIVIDUAL IN BOULDER and #37 individual in Colorado by Volume

 

 


 

 

Kim Thompson Group – #8 SMALL TEAM IN BOULDER and #43 small team in Colorado by Volume

 

 


 

 

The DRF Team – #1 MEDIUM TEAM IN BOULDER & NIWOT and #19 medium team in Colorado by Volume

 

 


The entire list of winners from all over the country can be viewed here

 

Landmark Moment: Colorado Landmark, Realtors VP & Agent Jennifer Fly Serves as a Panelist at Luxury Portfolio International’s REimagine Conference

Colorado Landmark, Realtors Vice President and Agent  Jennifer Fly  recently presented at Leading Real Estate Companies of the World and Luxury Portfolio International’s  REimagine Conference. 

With over 20 years of experience in real estate, Jennifer is recognized as an industry expert, and served as a panelist on the main stage at the Wynn in Las Vegas. The session she spoke in was dedicated to helping agents from all over the world understand how to best prepare their buyers to win during multiple offer situations, a scenario our industry is experiencing now more than ever, given current market conditions.

As a firm, we are grateful for Jennifer’s leadership and guidance when it comes to creating Landmark moments in the lives of our clients, agents, and staff!


Top Home Sales: Featuring Marybeth Emerson & Kimberly Thompson

By Lily O’Neill
Five months after it sold for $6 million in November, this Boulder home sold again in April with a price tag of $6.4 million. (Courtesy of Colorado Landmark-Boulder)

 

Colorado Landmark, Realtors agents Marybeth Emerson and Kimberly Thompson were recently recognized by BusinessDen’s Top Home Sales list for the sale of 2299 4th Street in Boulder. 

 

An excerpt from BusinessDen: 

 

2299 4th Street, Boulder: $6.4 million

Listing agent: Marybeth Emerson, Colorado Landmark-Boulder
Buyer’s agent: Kimberly Thompson, Colorado Landmark-Boulder

Five months after it sold for $6 million in November, this Boulder home was back on the market again. The 5,365-square-foot home is located in the heart of Historic Mapleton Hill and was once featured on the cover of Luxe Architecture & Design Magazine. The five-bedroom, four- bathroom house offers surrounding views of the Flatirons, Red Rocks and Mt. Sanitas, according to the listing.


 

Property Value Assessments & Appeals 2021

The Boulder County Assessor’s Office has completed its biennial reappraisal of all property in Boulder County. Notices of valuation are mailed to property owners on Saturday, May 1. If you are a homeowner, you should have received yours by now, and it has most certainly gone up in value!

This is based on the upward trend the real estate market has been experiencing, more than usual, for the past two years. However, this does not mean you shouldn’t appeal. Appeals are due by June 1st this year, and can be submitted online, mailed electronically or physically, or faxed.

Every odd year, county assessors in Colorado are required to reassess properties within their jurisdiction and determine the market value for each property as of June 30 of the prior year.  Therefore, this year’s reappraisal cycle is based on market values as of June 30, 2020. 

In Boulder County, there has been a positive change in values for residential properties overall. The median percent increases for residential type properties in this appraisal period is 11%.

For 2021 Reappraisal of Single Family Residences, click Here.

For Boulder County Residential Values, click Here.

If you wish to appeal the determined market value of your home or commercial property, Appeal Your Property Value Here.

Whether you need help researching home value within the above time period, or are wishing to deepen your understanding of how and why this process occurs, please reach out to us via phone at 303-443-3377 or email. We are here to offer you, our neighbors, with any assistance you may need!


 

Top Agent Magazine Features Candace Loving

Top Agent Candace Loving – of Colorado Landmark, Realtors in Boulder, Colorado – is a truly dedicated real estate professional who consistently provides her many clients with the very best customer service possible. Specializing in farms, ranches, land and residential luxury properties, Candace has built an impressive business on a sturdy foundation of honesty, integrity and deep industry knowledge, and has more than earned her reputation as a trusted, caring real estate advocate.

Candace began her journey in the world of real estate in 1990, initially working with her father on some of his development projects prior to taking on her own. After finding great success in that area, Candace obtained her real estate license in 2007, and the rest is history. Serving a wide swath of the Centennial State, Candace can currently claim that the lion’s share of her business is based upon referrals from past clients, positive word of mouth, and her reputation as an expert in the ranch, farm and land sales sector.

“I think it’s because I truly care about my clients,” says Candace, when asked how she has managed to achieve such impressive levels of trust and loyalty amongst those she works with. “I sincerely care, and it’s my compassion for them that really drives me. I think they feel very supported and know that they can count on me to have their best interests at heart. Also, treating people fairly is very important to me.”

In addition to her extensive development, investment, construction and design knowledge that provides her clients with extra value, there are many factors that come into play when assessing Candace’s impressive and ever-growing success story. Chief among them would be her expertise on water rights and title issues as well as negotiating skills and thorough, intelligent marketing strategies that maximize exposure for her many listings, translating into fast sales for top dollar, not to mention happy – returning and referring – clients.

Candace, who hold a perfect, five-star over-all rating on Zillow.com, truly enjoys what she does for a living. “I love helping my clients,” she says. “I love learning new things about the real estate industry, and I like being challenged and being a problem solver for my buyers and sellers.” Just one of many glowing reviews she has received reads in part: “Candace was the perfect agent for me and my situation. She was patient and supportive in the initial stages with my house hunting and decision making when I was still sorting out the best path forward and determining what the best solution was for my needs. When it came time to make an offer, she was extremely responsive which allowed me to secure my dream home in the incredibly competitive Boulder market… I highly recommend Candace.” 

When she’s not busy making her clients happy, Candace enjoys spending time with her daughters and friends, and she enjoys horses and skiing. She also loves to travel, particularly to the south of France.

Looking to the future, Candace’s plans include becoming licensed in Wyoming, and to continue building her already-thriving business. Above all, however, remains her longtime commitment to providing each and every one of her clients with the unparalleled customer service that has long been her calling card.


Candace Loving

REALTOR®

303-332-4530

CandaceLoving@gmail.com


 

3 Reasons We’re Definitely Not in a Housing Bubble

from Keeping Current Matters

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.

 

1. This time, housing supply is extremely limited

The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.

In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The normal months’ supply of inventory for the market is about 6 months. Anything above that defines a buyers’ market, indicating prices will soften. Anything below that defines a  sellers’ market  in which prices normally appreciate.

Between 2006 and 2008, the months’ supply of inventory increased from just over 5 months to 11 months. The months’ supply was over 7 months in twenty-seven of those thirty-six months, yet home values continued to rise.

Months’ inventory has been under 5 months for the last 3 years, under 4 for thirteen of the last fourteen months, under 3 for the last six months, and currently stands at  1.9 months  – a historic low.

Remember, if supply is low and demand is high, prices naturally increase.

 

2. This time, housing demand is real

During the housing boom in the mid-2000s, there was what Robert Schiller, a fellow at the Yale School of Management’s International Center for Finance, called “irrational exuberance.” The  definition  of the term is, “unfounded market optimism that lacks a real foundation of fundamental valuation, but instead rests on psychological factors.” Without considering historic market trends, people got caught up in the frenzy and bought houses based on an unrealistic belief that housing values would continue to escalate.

The mortgage industry fed into this craziness by making mortgage money available to just about anyone, as shown in the  Mortgage Credit Availability Index  (MCAI) published by the Mortgage Bankers Association. The higher the index, the easier it is to get a mortgage; the lower the index, the more difficult it is to obtain one. Prior to the housing boom, the index stood just below 400. In 2006, the index hit an all-time high of over 868. Again, just about anyone could get a mortgage. Today, the index stands at 122.5, which is well below even the pre-boom level.

In the current real estate market, demand is real, not fabricated. Millennials, the largest generation in the country, have come of age to marry and have children, which are two major drivers for homeownership. The health crisis is also challenging every household to redefine the meaning of “home” and to re-evaluate whether their current home meets that new definition. This desire to own, coupled with historically low mortgage rates, makes purchasing a home today a strong, sound financial decision. Therefore, today’s demand is very real.

Remember, if supply is low and demand is high, prices naturally increase.

 

3. This time, households have plenty of equity

Again, during the housing boom, it wasn’t just purchasers who got caught up in the frenzy. Existing homeowners started using their homes like ATM machines. There was a wave of cash-out refinances, which enabled homeowners to leverage the equity in their homes. From 2005 through 2007, Americans pulled out  $824 billion dollars  in equity. That left many homeowners with little or no equity in their homes at a critical time. As prices began to drop, some homeowners found themselves in a negative equity situation where the mortgage was higher than the value of their home. Many defaulted on their payments, which led to an avalanche of foreclosures.

Today, the banks and the American people have shown they learned a valuable lesson from the housing crisis a little over a decade ago. Cash-out refinance volume over the last three years was less than a third of what it was compared to the 3 years leading up to the crash.

This conservative approach has created levels of equity never seen before. According to Census Bureau  data,  over 38% of owner-occupied housing units are owned ‘free and clear’ (without any mortgage). Also, ATTOM Data Solutions just released their fourth quarter  2020 U.S. Home Equity Report,  which revealed:

“17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value…The count of equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States.”

If we combine the 38% of homes that are owned free and clear with the 18.7% of all homes that have at least 50% equity (30.2% of the remaining 62% with a mortgage), we realize that 56.7% of all homes in this country have a minimum of 50% equity. That’s significantly better than the equity situation in 2008.

 

BOTTOM LINE

This time, housing supply is at a historic low. Demand is real and rightly motivated. Even if there were to be a drop in prices, homeowners have enough equity to be able to weather a dip in home values. This is nothing like 2008. In fact, it’s the exact opposite.