As Featured in West + Main Home Magazine: On Trend - Cowboy Pools

West + Main agent Caitlin Carrow is an avid DIY-er. She has done many projects in the past, and after seeing Cowboy Pools on social media for some time, it had always been in the back of her mind to do something similar in her own backyard.

“This year, though, we are in a new home with a HUGE yard and a new baby girl! One of the biggest motivating factors was creating a solution for beating the summer heat while hanging out at home with our eight month old.”

She wanted to balance function and design for her family, and learned all of the technicalities of maintaining a pool along the way.

To be realistic, they thought about how often they would be using the pool, and decided to go with a minimalist vibe, regarding the deck and surroundings to keep things easier to keep up with.

“I knew we weren’t going to be ‘living’ in the pool or on the deck - I figured we’d hit the pool and lounge twice a week. We decided not go ‘all out’ with a large deck and gazebo. So, we settled on just enough decking to sit comfortably around about half of the pool and to decorate with some plants.”

Q+A With Caitlin

 Q: When it came to the design + finishes, what was your process?

Caitlin: Pinterest, Instagram, wanting privacy, and wanting it to be modern, airy, summery, and simple.

Q: Did anything funny, cute or unexpected happen along the way?

Catilin: It was definitely a family affair! The privacy screen came together along the way (the curtain idea). You can stain a deck this size REALLY fast, if you have to! I had 30min between feeding the baby and hitting the road for an appointment… and I made it happen.

Q: What is your favorite part of the finished project?

Caitlin: Seeing Columbia get accustomed to the water + all of the smiles we get from neighbors and passersby!

Process + Cost

Day 1: Pick up lumber, Pick up stock tank, organize all parts and supplies, review pump setup/installation instructions

Day 2: Determine pool placement, spread sand and level pool, construct deck structure

Day 3: Stain deck structure, Assemble and secure decking, stain decking

Day 4: Assemble and install pool pump, check for leaks, fill with water, set up accessories

Day 5: Test and treat water

Cost for material ~$2,000 (just under). Half of that (~$1,000) is decking material costs (lumber). The stock tank is ~$400 and ~$300 for the pump and other pool components.

Keep reading.

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This Weekend: Denver Metro Area Open Houses for Dec 16th-18th

 
 

Our agents are hosting Open Houses this weekend all over the Metro Denver. You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing! For current open house times, check out the Open House page.

 
 

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Chaffee County Real Estate Market Report from Nov. 2022

 
 

Chaffee County Real Estate Market Report from November 2022


If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Just Listed: Beautiful top of the line remodel in Virginia Village

 
 
 

Amazing home in Virginia Village.

Very impressive full remodel, open floor plan with top of the line appointments. This home has everything. Throughout the home you will find re-finished oak hardwood floors, new lighting, new handrails, window shutters, new windows - including egress downstairs. The new kitchen is beautiful with 42 inch shaker cabinets, glass backsplash, quartz countertops, stainless steel appliances, gas range with sexy in-ceiling lighted exhaust vent. Large primary bedroom en suite with double sinks and luxurious shower. Two more bedrooms upstairs, and bonus large en suite bedroom down with additional living space. Now go outside to your big lot with covered back and front patios. Lovely garden with healthy green lawn with new sprinkler system, and the gardener will love the raised beds for growing your own vegetables. Included is a new shed and greenhouse. The location of this gorgeous brick home is perfect for quickly moving around Denver or going to the library at the end of the block. This is the perfect house you have been looking for.

Listed by Cyndi Adams for West + Main Homes. Please contact Cyndi for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Cyndi Adams
(303) 919-4014
cyndi@westandmainhomes.com


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Inflation slows to 7.1% in November, a boost for the housing market

 
 

Core CPI, excluding volatile food and energy prices, rose 6% on an annual basis

Inflation slowed more rapidly than expected in November, increasing the likelihood of the Federal Reserve slowing down the pace of interest rate hikes. It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months.

The Consumer Price Index rose 0.1% in November from October and 7.1% year over year, according to the Bureau of Labor Statistics. The CPI rose by 7.7% from 12 months ago in October and economists expected price growth in November to post 0.3% month over month and 7.3% on an annual basis. 

While food prices jumped 12% and energy costs rose 13.1% from the same period last year, central bankers don’t typically watch those numbers closely as they are volatile and don’t reflect the underlying strength of the economy.

Excluding food and energy prices, the so-called core CPI rose 0.2% from the previous month and 6% year-over-year.

Used cars and truck price growth were down 3.3% from a year ago, suggesting that supply-chain issues may be easing. Services inflation, which tends to move in correlation with rising wages, still remains strong, partly due to rapid increases in rent, which rose 7.9% year-over-year.

“The shelter component of CPI continues to be a key driver of overall inflation as lower home prices and moderating rent growth is not yet being fully reflected in the data and most likely won’t become a tailwind until early in 2023,” Al Otero, portfolio manager at Armada ETF Advisors

While it’s too early to call for a Fed “pivot” with annual inflation still at a very high 7.1%, markets are forward-looking and will begin to price in an ebbing of the rate cycle before it actually occurs, Otero added. 

The central bank raised interest rates at the fastest pace in decades in 2022, moving them to an expected range of 4.25% to 4.5% from near-zero earlier this year. While the Fed hiked interest rates by 75 basis points for four consecutive times, the central bank – which will announce its next action on Wednesday – could slow down the pace of the interest rate hike given that the CPI came in lower than anticipated. 

The Fed should pause its rate hikes but they will raise them by 50 bps in December, Logan Mohtashami, lead analyst at HousingWire said.

“The Federal Reserve has made sure to let the market know how many rate hikes are left and the speed,” Mohtashami said. “With today’s CPI data, that will seal the deal of 0.50% rate hike as the Fed has told the markets that the pace of rate hikes will slow.”

Overall inflation has been declining on a year-over-year basis after hitting a peak of 9.1% in June, suggesting that price growth has been slowing since the Fed’s fight to tame inflation – and beat back the housing market – in March. 

Defying aggressive action from the Fed is the strong labor market. Employers added 263,000 jobs in November with the unemployment rate holding steady at 3.7%, according to the BLS.

Mortgage rates have been on a declining trend after hitting its recent peak about a month ago at 7.16%. On Monday, the 30-year fixed mortgage rate was 6.44% on Monday, according to the HousingWire Mortgage Rates Center.

“The spread between mortgage rates and the 10-year Treasury yield narrowed by 13 basis points during the month to 283 basis points in a sign that investors and lenders may be seeking to accelerate the impact of falling rates,” Scott Happ, president of Optimal Blue, a division of Black Knight, said. 

However, lower rates haven’t been enough to spur the housing market, which also suffers from the contradiction of falling demand and low inventory, as well as falling prices that haven’t fallen enough to get buyers out of bed

Rate lock dollar volume declined 21.5% in November from the previous month, the lowest level since February 2019, Black Knight’s data showed. Overall lock volumes are now down 39% over the past three months and down by 68% compared to last year’s level.

“Stalled inventory and rates nearly twice what they were a year ago are combining to negate the benefits of recent home price and rate declines from an affordability perspective,” Happ added.

Keep reading on Housing Wire.

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