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Renting Or Buying | Colorado Front Range Real Estate Market Insight Blog

Thursday, December 8, 2022   /   by Alex Merto

[MARKET UPDATE] Front Range Real Estate December 2022

What’s Going on with Home Prices? Ask a Professional.
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market.

That means, moving forward, home price appreciation will continue to vary by location, with more significant changes happening in overheated areas. Here’s a quick snapshot of what the experts are saying

Danielle Hale, Chief Economist at realtor.com, says:
“The major question on the minds of homeowners and aspiring buyers alike is what will happen to home prices. . . Soaring prices were propelled by all-time low mortgage rates which are a thing of the past. As a result, home price growth is expected to continue slowing, dipping bel ...

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  buyers, sellers, colorado real estate, market trends, first time homebuyers, front range, championship real estate, move up buyers, renting or buying, home price index, kevin schumacher team, community

Thursday, October 24, 2019   /   by Jordan Waters

Think Prices Have Skyrocketed? Look at Rents.

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.
In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.

 “Continued interest in rental apartments and slowing construction keeps the national average rent on a strong upward trend.”

Zillow, in its latest Rent Index, agreed that rents are continuing on an “upward trend” across most of the country, and that the trend is accelerating:

“The median U.S. rent grew 2% year-over-year, to $1,595 per month. National rent growth is faster than a year ago, and while 46 of the 50 largest markets are showing deceleration in annual home value g. ...

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  buyers, first time homebuyers, renting or buying, starter home, down payment

Wednesday, October 9, 2019   /   by Jordan Waters

Homeownership is the Top Contributor to Your Net Worth

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth.

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth,


“The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below):

This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea,


 “Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.”

Ha ...

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  buyers, sellers, market trends, first time homebuyers, move up buyers, renting or buying, starter home, down payment

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:
Read the Full Article
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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  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

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 recently released a report entitled, “Perceptions of Down Payment Cs ...

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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

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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. © 2023 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 February 8, 2023 8 PM. Information deemed reliable but not guaranteed by the MLS or Kevin Schumacher - The Kevin Schumacher Team / EXP Realty, LLC.
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