The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash.
When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home). As a result, they walked away. This caused prices to fall even further.
Headlines are again talking about record levels of mortgage debt, making the comparison to the challenges that preceded the housing crash. However, cumulative debt is not an important data point. If we look at the debt as a percentage of disposable personal income, we are at an all-time low.
If you are still deciding on your 4th of July plans for tomorrow, or not sure on the best spotto watch fireworks following your 4th of July BBQ, use this mega list we've compiled that lists everything there is to do trhoughout the Colorado Front Range!
From all of us at the Kevin Schumacher Team, we hope you have a safe and happy Independence Day!
Well maintained 2nd floor condo featuring vaulted ceilings, an open floor plan, and large living room with an abundance of natural lighting, gas fireplace & entrance to the balcony. 1 car attached garage and extra storage. Great as an investment or main residence!
Owners at Pinnacle have access to a variety of amenities including the clubhouse, pool, hot tub, sauna, park and gym. A large variety of shopping and dining is nearby as well as the brand new UC Health medical facility.
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All data is based on information from IRES inc, METROLIST inc, DBA RECOLORADO® and Matrix v7.1. CoreLogic. Data reflected includes attached dwellings in each cities market. The Terrell Davis Group does not provide any guarantee and is not responsible for accuracy. Data maintained by IRES inc. and METROLIST inc. may not reflect all real estate activity in the market.