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Kevin Schumacher Team | Colorado Front Range Real Estate Market Insight Blog

Thursday, March 19, 2020   /   by Kevin Schumacher

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments.
In spite of this, there are actually many reasons we won’t see a surge in the number of foreclosures like we did during the housing crash over ten years ago. Here are just a few of those reasons:
The Government Learned its Lesson the Last Time
During the previous housing crash, the government was slow to recognize the challenges homeowners were having and waited too long to grant relief. Today, action is being taken swiftly. Just this week:

The Federal Housing Administration indicated it is enacting an “immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages” for ...

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  buyers, sellers, market trends, kevin schumacher team, interest rates, foreclosures

Wednesday, September 18, 2019   /   by Jordan Waters

[MARKET UPDATE] Front Range Real Estate September 2019

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

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  colorado real estate, buyers, sellers, front range, market trends, first time homebuyers, kevin schumacher team

Friday, August 16, 2019   /   by Jordan Waters

[MARKET UPDATE] Front Range Real Estate August 2019

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

149 ...

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  colorado real estate, buyers, sellers, front range, championship real estate, market trends, first time homebuyers, move up buyers, renting or buying, starter home, kevin schumacher team, down payment, luxury home

Wednesday, July 3, 2019   /   by Kevin Schumacher

[MARKET UPDATE] Front Range Real Estate July 2019

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

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  colorado real estate, buyers, sellers, front range, market trends, move up buyers, kevin schumacher team

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.
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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

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. © 2021 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 January 17, 2021 4 PM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
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