The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market.

Purchase Mortgages
The number of buyers getting a mortgage to purchase a home is a strong indicator of the strength of a housing market. Below is a graph of the week-over-week percent change in that number, as reported by the Mortgage Bankers’ Association:







response to COVID. It increased substantially from later in April through the middle of June. The strong increase in May and June was the result of the pent-up demand from earlier in the spring along with the normal business that would have been done during that time.

Since July, the market has remained consistent on a weekly b ...

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A Recession Does Not Equal A Housing Crisis

Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.
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6 Graphs Showing the Strength of the Current Real Estate Market


Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home
 
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Featured Kevin Schumacher Team Home Listing
1490 W. US HWY 34, Loveland, CO 80537
 
Walkout home located in the beautiful Big Thompson Canyon. Almost 300 ft. of river frontage, unobstructed mountain views on over half an acre. Perfect for an outdoor enthusiast! Easy commute to Loveland being only 7 miles to the base of the can ...

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Home Price Appreciation Forecast

Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond. We’ve gathered current data from the industry’s most reliable sources to help answer these questions:
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Busting the Myth About a Housing Affordability Crisis


It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a purchaser’s buying power.
 
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Featured Kevin Schumacher Team Home Listing
1490 W. US HWY 34 ...

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Is Mortgage Debt Out of Control?

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.
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4th of July Fun in the Colorado Front Range


If you are still deciding on your 4th of July plans for tomorrow ...

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! 
 
ARVADA
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!
 
Aurora
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! ...