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Colorado Front Range Real Estate Market Insight Blog

Wednesday, April 17, 2019   /   by Jordan Waters

Are Low Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

Bottom Line
If you plan on buying a home this year, let’s get together to start your home search to ensure you ca ...

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  colorado real estate, sellers, buyers, front range, first time homebuyers, move up buyers

Friday, April 12, 2019   /   by Jordan Waters

Home Buyer Demand Will Be Strong for Years to Come

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.
And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!
New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed by Pulsenomics plan to buy a home in the next five years, with 40% planning to do so within the next two years!

“Millennials want to own a home as much as prior generations,” Ali Wolf, Director of Economic Research at Meyers Research says.“We saw millennial shoppers scooping up homes in 2018—and 2019 will be no different.”
Bottom Line
Are you one of the millions of ren ...

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  colorado real estate, sellers

Wednesday, April 10, 2019   /   by Jordan Waters

[MARKET UPDATE] Front Range Real Estate April 2019

Want More Info or to Check Another City? Click Here to View a Detailed Real Estate Market Report





Your Home's Spring Maintenance Checklist [INFOGRAPHIC]








Every spring, your home needs some extra TLC! Whether you plan on selling in the near future or not, conducting simple maintenance projects will help ensure your home functions well for the rest of the year and helps hold the value in your home!
If you need help finding professionals who can assist with your Spring tasks, reach out and we can provide you with our preferred contractor & vendor list!
See the Checklist












Looking to Updrage Your Current Home?
Now's the Time to Move-Up!





In every area of the country, homes that are priced at the top 25% of the price range for that area are going to be considered Premium Homes. In today's real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from th ...

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  colorado real estate, sellers, buyers, championship real estate, front range, market trends

Wednesday, April 3, 2019   /   by Jordan Waters

Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.
Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.
This mismatch in demand and inventory has created a Buyer’s Market in the luxury and premium home markets according to the ILHM’s latest Luxury Report. For the purpose of the report, a luxury home is defined as one that costs $1 million or more.

“A Buyer’s Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial ...

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  colorado real estate, sellers, buyers

Friday, March 22, 2019   /   by Jordan Waters

2 Reports That Say Now Is a Great Time to Sell

Heading into the spring buying market, there are strong trends starting to emerge.


The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way!


Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season!


1. National Association of Realtor’s Existing Home Sales Report


Sales of existing homes were down for the third consecutive month in January. Some of this can be explained by the natural seasonality that the real estate market experiences every year, and some can be explained even further by a lack of homes available for sale on the market.


Inventory


For the last eight months, the inventory of homes for sale has been higher when compared to the sam ...

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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
720-230-3030

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 April 22, 2019 3 AM. Information deemed reliable but not guaranteed by the MLS or REMAX Eagle Rock.
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