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Colorado Front Range Real Estate Market Insight Blog

Monday, June 24, 2019   /   by Jordan Waters

Fourth of July Fun in the Front Range 2019

Independence Day is just around the corner and if you haven't quite figured out your plans, we've compiled a mega list of fun for the whole family throughout the Front Range! Whether you are looking to celebrate traditionally with a parade and fireworks or just looking for local events to celebrate and entertain guest in town you can find your celebration plans here! 
City of Arvada Fireworks | Stenger Sports Complex, Arvada CO
July 4th, 2019 | 9:00 PM *Gates open at 7:00 PM
This year Arvada will only be hosting fireworks and will not have live entertainment and food trucks as in the past. Guest are asked to enter the complex at West 58th Avenue and Oak Street. Free parking, first-come first-serve!
City of Aurora 4th of July Spectacular | Aurora Municipal Centers Great Lawn, Aurora CO
July 4th, 2019 | 6:00 PM – 10:00 PM
Starting at 6 PM the city of Aurora will host their annual celebration featuring music, food, adult beverages ...

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  front range, community

Friday, June 14, 2019   /   by Jordan Waters

[MARKET UPDATE] Front Range Real Estate June 2019

Want More Info or to Check Another City? Click Here to View a Detailed Real Estate Market Report
Mortgage Rates Sink to their Lowest Levels in 21 Months After 6 Weeks of Decline

In November, mortgage rates appeared ready to soar across the 5 percent threshold. Seven months later, concerns over trade and global growth have driven them below 4 percent.

According to the latest data released Thursday (6/6) by Freddie Mac, the 30-year fixed-rate average sank to 3.82 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 3.99 percent a week ago, and 4.54 percent a year ago. The 30-year fixed rate fell for the sixth week in a row and hasn’t been this low since September 2017.
Read the Full Article

2 Myths Holding Back Home Buyers

Freddie Mac recent ...

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  colorado real estate, buyers, sellers, front range, championship real estate, market trends, first time homebuyers, move up buyers, home price index, renting or buying, kevin schumacher team

Monday, June 10, 2019   /   by Jordan Waters

2 Myths Holding Back Home Buyers

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.”Their research revealed that,

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down payment…
…Based on our recent survey of individuals planning to purchase a home in the next three years, nearly a third think they need to put more than 20% down.”

Myth #1: “I Need a 20% Down Payment”
Buyers often overestimate the funds needed to qualify for a home loan. According to the same report:
22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

“If a 20% down payment was required, 70% of those who were plann ...

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  buyers, first time homebuyers, move up buyers, renting or buying, starter home, down payment

Tuesday, May 21, 2019   /   by Jordan Waters

Top Days to List Your Home for Sale [INFOGRAPHIC]

Some Highlights:

ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale.

The top five days to list your home brought in a 10% premium over market value and are all in either May or June!

“Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”

There is still time to list your home before these dates pass you by!

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  colorado real estate, sellers, buyers, market trends, renting or buying, luxury home

Thursday, May 16, 2019   /   by Jordan Waters

What is Really Happening with Home Prices?

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.
Here are three examples:
Mark Fleming, Chief Economist of First American

“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will accelerate again.”

CoreLogic’s April “Home Price Insights”

“Home prices nationwide, including distressed sales, increased year over year by 3.7% in March 2019 compared with March 2018…The Co ...

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  colorado real estate, sellers, buyers

The Kevin Schumacher Team at EXP Realty, LLC
1615 Foxtrail Drive, Ste 260
Loveland, CO 80538

Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2019 IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 26, 2019 1 PM. Information deemed reliable but not guaranteed by the MLS or REMAX Eagle Rock.