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Home Price Index | Colorado Front Range Real Estate Market Insight Blog

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

Friday, December 28, 2018   /   by Jordan Waters

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

SOME HIGHLIGHTS:

­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
All four major reporting agencies believe that home sales will outpace 2018!

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  colorado real estate, buyers, market trends, first time homebuyers, home price index

Thursday, December 13, 2018   /   by Jordan Waters

Are Homeowners Renovating to Sell or to Stay?

Over the past few years, two trends have emerged in the housing market:





Home renovations have shot up






Inventory of homes available for sale on the market has dropped





 


A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.


This low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.


According to Home Advisor, homeowners spent an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers.


A new study from Zillow ask ...

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  colorado real estate, sellers, first time homebuyers, home price index, move up buyers, home renovation

Thursday, December 6, 2018   /   by Jordan Waters

Just Released: The Live Life on Offense Podcast | Are You Ready to Live Life on Offense?

Are You Ready To Live Life On Offense?


  





Get ready for NFL Hall Of Famer, MVP, and Super Bowl Champion Terrell Davis along with his partner Real Estate entrepreneur Kevin Schumacher for “The Live Life On Offense” Podcast.
Terrell Davis and Kevin Schumacher dive deep into what it takes to develop the mental fitness for a Championship mentality in your business and life. What it takes to be a professional elite athlete goes hand and hand with what it takes to be an elite entrepreneur and person.
Being True To The Game is what it takes to live a life where you’re not just existing in it. The “Live Life On Offense” Podcast will feature in-depth conversations between Terrell and Kevin and interviews with guests that are champions in their careers and lives.




          

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  colorado real estate, sellers, buyers, home price index

Thursday, November 22, 2018   /   by Jordan Waters

Further Proof It’s NOT 2008 All Over Again

Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.
The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes.
Existing 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) so they walked away which caused prices to ...

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

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. © 2020 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. Information deemed reliable but not guaranteed by the MLS or eXp Realty LLC. *Not intended to solicit buyers under buyers agency, not intended to solicit listings currently listed.*The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2020 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 October 29, 2020 2 AM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
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